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Merge eFilm and Cedara Software Corp announce that their securityholders will vote on merger at May 24, 2005 meetings
Published Apr 26 2005
3 min read

Merge eFilm and Cedara Software Corp announce that their securityholders will vote on merger at May 24, 2005 meetings

MILWAUKEE, WI, and TORONTO, ON, April 26 /CNW/ - Merge Technologies
Incorporated (NASDAQ: MRGE), d.b.a. Merge eFilm, and Cedara Software Corp.
(NASDAQ: CDSW/TSX:CDE), today announced that the mailing to both companies'
securityholders of the definitive joint proxy statement and management
information circular in connection with their proposed merger transaction will
commence on or about April 26, 2005. In addition, Cedara has confirmed that
the Ontario Superior Court of Justice has granted an interim order approving
the holding of a special meeting for Cedara securityholders.
Cedara will hold a special meeting of its securityholders on May 24, 2005
to vote on the companies' proposed merger. As part of its annual meeting to be
held on May 24, 2005, Merge eFilm's shareholders will vote on the companies'
proposed merger. Merge eFilm and Cedara shareholders of record at the close of
business on April 22, 2005 will be entitled to vote on the proposed merger.
Assuming Cedara securityholders and Merge eFilm shareholders approve the
merger transaction, final court approval will be required and sought from the
Ontario Superior Court of Justice on May 26, 2005. The transaction is expected
to close during the week of May 30, 2005.

About Merge eFilm
Merge eFilm is a global healthcare software and services company focused
on accelerating the productivity of imaging centers, small- to medium-sized
hospitals and clinics with a suite of RIS/PACS products that more efficiently
streamline, integrate and distribute image and information workflow across the
healthcare enterprise. Since 1987, Merge eFilm has leveraged its healthcare
integration and connectivity experience to create workflow solutions that
improve our customers' productivity and enhance the quality of care they
provide. For more information about Merge eFilm's products and services, visit
our website at www. merge-efilm.com, or call Beth Frost-Johnson, Senior Vice
President-Marketing and Strategic Planning, at 414-977-4254, email
bfrost(at)merge-efilm.com.

About Cedara Software Corp
Cedara Software Corp. is a leading independent provider of medical
imaging technologies. Cedara's software is deployed in hospitals and clinics
worldwide and is licensed by many of the world's leading medical device and
healthcare information technology companies. Approximately 28,000 medical
imaging systems and 6,400 Picture Archiving and Communications System (PACS)
workstations have been licensed to date. Cedara recently acquired eMed
Technologies Corporation, widely known as a provider of innovative PACS and
teleradiology solutions that have been installed in over 2,000 hospitals and
imaging centers. Cedara is quite unique in that it has technologies and
expertise that span all the major digital imaging modalities including
computed tomography (CT), magnetic resonance imaging (MRI), digital X-ray,
mammography, ultrasound, echo-cardiology, angiography, nuclear medicine,
positron emission tomography (PET) and fluoroscopy. Furthermore, the Company's
medical imaging offerings are used in all aspects of clinical workflow
including the capture of a patient's digital image; the archiving,
communication and manipulation of digital images; sophisticated clinical
applications to analyze digital images; and even the use of imaging in
minimally-invasive surgery. For more information about Cedara's products and
services, visit our website at www.cedara.com, or call Jacques Cornet, Vice
President of Marketing & Operations, at (905) 672-2100 ext. 2564, email:
info(at)cedara.com.

    Notice to Investors, Prospective Investors and the Investment
Community Cautionary Information Regarding Forward-Looking Statements

Statements in this press release regarding the proposed merger of Merge
Technologies, (d.b.a. Merge eFilm) and Cedara Software Corp. which are not
historical facts, including expectations of financial results for the combined
companies (e.g., projections regarding revenue, earnings, cash flow, cost
savings and future growth), are "forward-looking statements." All      
forward-looking statements are inherently uncertain as they are based on
various expectations and assumptions concerning future events and they are
subject to numerous known and unknown risks and uncertainties which could
cause actual events or results to differ materially from those projected.
Investors are cautioned not to place undue reliance on these forward-looking
statements and any such forward-looking statements are qualified in their
entirety by reference to the following cautionary statements.
Certain factors that could cause Merge eFilm's and Cedara's results to
differ materially from those described in the forward-looking statements can
be found in the definitive proxy statement/management information circular
filed with the Securities and Exchange Commission. Merge eFilm and Cedara
undertake no obligation to publicly release the result of any revisions to
these forward-looking statements that may be made to reflect any future events
or circumstances.

                       Additional Information

Shareholders are urged to read the definitive joint proxy
statement/management information circular regarding the proposed transaction,
because it contains important information. Shareholders will be able to obtain
a free copy of the joint proxy statement/management information circular, as
well as other filings containing information about Merge eFilm and Cedara,
without charge, at the Securities and Exchange Commission's internet site
(http://www.sec.gov). Copies of the joint proxy statement/management
information circular and the filings with the Securities and Exchange
Commission that will be incorporated by reference in the joint proxy
statement/management information circular can also be obtained, without
charge, by directing a request to Merge eFilm's Investor Relations Department
at Merge eFilm's principal executive offices located at 1126 South 70th
Street, Suite S107B, Milwaukee, Wisconsin 53214-3151; telephone number   
(414) 977-4000. The respective directors and executive officers of Merge eFilm
and Cedara may be deemed to be participants in the solicitation of proxies in
respect of the proposed transaction. Information regarding Merge eFilm's
directors and executive officers is available in the definitive joint proxy
statement/management information circular filed with the Securities and
Exchange Commission, and information regarding Cedara's directors and
executive officers is available in the definitive joint proxy
statement/management information circular filed with the Securities and
Exchange Commission.

%SEDAR: 00001125E