Prism Medical Ltd. (PM:TSX-VEN) Grant of Incentive Options

TORONTO, Jan. 24 /CNW/ - Prism Medical Ltd. ("Prism") (PM:TSX-VEN) announced that it granted options on January 24, 2011 to acquire 140,000 common shares to senior officers and employees of Prism or its affiliates having a term of three years and an exercise price of $5.20 per share. The options vest in three equal instalments on each of the first three anniversary dates of the grant and are otherwise subject to the terms of the company's stock option plan.   

Prism is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the U.S. and the United Kingdom. While Prism's history dates back to 1996, Prism's subsidiaries and divisions have been servicing the mobility disadvantaged since the mid 1980's in their homes, long-term care facilities and acute care facilities. Prism includes Waverley Glen Systems, North America's premiere ceiling lift manufacturer with distribution across Canada and the U.S., Patient Lifts of New England with distribution across the northeaster USA, Westholme and Care Free Lifting & Handling, leading distributors of moving and handling products in the U.K. and Freeway Health Care, a U.K.-based manufacturer of ceiling hoists and shower chairs.

Forward-looking Information

Certain statements in this release may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of Prism to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Prism Medical Ltd.

For further information:

William Edwards
Chief Financial Officer
Prism Medical Ltd.     
Tel: (905) 850-0093 ext. 242
Fax: (905) 850-0061

Profil de l'entreprise

Prism Medical Ltd.

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