Orior Technologies Inc. - Update on its qualifying transaction with AIM Health Group Ltd.

    TORONTO, March 31 /CNW/ - Orior Technologies Inc. ("Orior"), a Capital
Pool Company, is pleased to provide the following update concerning its
proposed qualifying transaction (the "Transaction") with AIM Health Group Ltd.
    On March 28, 2008, the TSX Venture Exchange conditionally approved the
Transaction and the listing of the resulting issuer from such Transaction.
Accordingly, Orior has filed its filing statement regarding the Transaction on
SEDAR. It is expected that the closing of the Transaction will occur on or
about April 11, 2008.
    Following completion of the Transaction, the Board of Directors of Orior
will consist of KC Lim, Lu Barbuto, Gilbert Sharpe and John McLaughlin. Mr.
Sharpe is a partner in the law firm of Fasken Martineau DuMoulin LLP and acts
as a Health Law consultant to the Ontario Ministry of Health. He graduated
with a Masters in Law from Osgoode Hall Law School, York University in 1973
and holds numerous academic positions. Mr. McLaughlin is the President of Tall
Oak Management Inc., a private management and investment company. From 1984 to
2002, he was with Extendicare Inc., acting as President and COO of Extendicare
Health Services Inc. and Managing Director of Extendicare (UK) Ltd. He is
currently the Chair of Futuremed Healthcare Income Fund. Brief biographies of
Messrs. Lim and Barbuto were previously included in Orior's March 5, 2007
press release announcing the Transaction.

    Caution Concerning Forward-Looking Statements

    Certain statements made in this press release, including, but not limited
to, the proposed qualifying transaction and the timing of the closing of the
proposed qualifying transaction, and other statements that are not historical
facts, are forward-looking statements and are subject to important risks,
uncertainties and assumptions. In particular, in making these statements,
Orior has assumed, among other things, that the proposed qualifying
transaction will receive the required regulatory approval and that the other
conditions to the transaction can be satisfied in accordance with their terms.
The results or events predicted in these forward-looking statements may differ
materially from actual results or events. As a result, readers are cautioned
not to place undue reliance on these forward-looking statements. The
forward-looking statements contained in this press release represent our
expectations as of the date hereof. We disclaim any intention and assume no
obligation to update or revise any forward-looking statements.

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the
    proposed transaction and has neither approved nor disapproved the
    contents of this press release.

For further information:

For further information: Orior Technologies Inc., KC Lim, Chairman, or
Sanjay Dhawan, CEO, (416) 360-4360

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890