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CM Group and Medify Solutions agree initial Italian revenue contract


CM Group announces contract agreement

ROME, Dec 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- CM Isitel spa part of CM Group is pleased to announce the finalisation of contractual negotiations with Medify Solutions Limited which have been successfully concluded. The contract initially is to provide 20,000 Medify remote units in Italian, in the first wave, which are scheduled for delivery by March 2006. The application will be provided under the current terms of (euro) 68 per user. CM Group will take the lead on this contract and is in discussions with major Italian Network Providers for the network provisioning.
Trevor Bone, Commercial Director of Medify Solutions Limited, said: "This news is very exciting for all of us and has developed at breakneck speed, which is testimony to the talent, motivation, skills and vision of the CM Group. We are viewing this as the start of a very long and positive cooperation particularly with the CM Group and the Italian NHS to bring Medify applications to another exciting marketplace."

Ing. Vincenzo Maiucci COO of CM Isitel spa part of CM Group, stated: "We feel that this is an instrumental step in revolutionizing health care in Italy and believe that this partnership between the CM Group and Medify Solutions Limited will be the beginning of major advancements and applications and is not just beneficial for us but also for the Italian NHS. The first wave of 20,000 units will be delivered to an Italian NHS region and then rolled out to all 26 Italian regional health authorities; this marks a significant contract in terms of a license fee and revenue stream for Medify and the CM Group."

This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Medify Solutions Limited reports that will be on file with the US Securities and Exchange Commission.

SOURCE Medify Solutions Ltd.



CONTACT: Paul Vousden, Medify Press Office, [e-mail]