Patrick M. Hovan increases interest in Continuum Health Care Inc.

    CALGARY, Aug. 3 /CNW/ - Patrick M Hovan ("Hovan"), of Site 15, RR3 Box 1,
Olds, Alberta, T4H 1P4, and currently the holder of approximately 26.84% of
the shares of Continuum Health Care Inc. ("Continuum") has acquired 2,546,507
common shares of Continuum effective today, in connection with the issuance of
such shares at a deemed price of $0.13 in settlement of debt in the amount of
    Prior to this shares for debt issuance, Hovan owned 3,876,723 common
shares representing approximately 26.84% of the 14,444,999 common shares then
outstanding. Hovan now owns 6,423,230 common shares, representing
approximately 35.98% of the 17,854,283 common shares now outstanding.
    These shares were issued to Hovan for the purpose of extinguishing debt
in the amount of $331,046. Other than purchases which may be made in the
ordinary course through the facilities of the TSX Venture Exchange or pursuant
to private placements by Continuum, Hovan currently does not have any future
intention of acquiring additional securities of Continuum.

    The TSX Venture Exchange neither approves nor disapproves of the
    information contained in this news release

For further information:

For further information: CONTACT PERSON: Mr. Patrick Hovan, President
and CEO, Phone: (403) 556 - 1971

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