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