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diverdown

02/23/07 9:10 AM

#17284 RE: tjak #17283

News on Website
Corporate Announcement

Medify Solutions Limited

Corporate Announcement

23/02/2007


Medify Solutions is pleased to announce the completion of negotiations with a Private Equity Group.
The agreement in principle has been reached following a thorough review of the business, current customer base and future plans.

The Private Equity Group will make available to Medify Solutions Limited a loan facility for up to 3 years through a convertible agreement.
The agreement is secured against future contracted earnings.

The agreement is not a stock-for-cash deal and will have no impact on shareholder equity. The agreement also presents no dilution concerns for shareholders.
The funding will support Medify Solutions Limited in its continued expansion plans, further product development and the escalation of sales and marketing activities.

For more information please contact:

investors@medifysolutions.com

ENDS

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diverdown

02/23/07 9:48 AM

#17294 RE: tjak #17283

Lem, thanks for the response.

tjak, Hopefully when you send the questions to Medify today, they will answer the 33 million shares question, and what they are willing to do about them. If there is so much potential that a private equatity is willing to put their money where their mouth is, with a decision about the 33 million shares the PPS will rise.

geetar, Any info. on the PR released today?

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Capt Bob

02/23/07 11:48 AM

#17304 RE: tjak #17283

Tjak, My public apology...I have talked to Lem and he has my phone #. Please call me if you have any questions about my comments..Thanks...We are all on the same page, some in denial like I was and I can understand that. Just trying to help a fellow investor. Go STEALERS.