Medworxx Announces Increased Offering Size of its 14% Convertible Debenture Private Placement

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[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 18 /CNW/ - Medworxx Solutions Inc. ("Medworxx") (TSXV: MWX)\nis pleased to announce that, due to investor demand, it anticipates increasing\nthe offering size of its 14% convertible debenture private placement,\npreviously announced on February 2, 2009, to an aggregate principal amount of\nup to $450,000. Medworxx anticipates closing the private placement as soon as\npractical upon receipt of regulatory approval and completion of closing\ndocumentation. The convertible debentures will mature two years from the date\nof their issuance. All other terms of the offering remain unchanged from those\npreviously announced.\n\n\nAbout Medworxx:\n---------------\nMedworxx, the makers of strategic software platforms that hospitals use to\ncommunicate, aggregate, and analyze knowledge, has been capturing the power of\nhospital knowledge since 2004. Medworxx' products are used by more than\n500,000 users at over 280 hospitals across North America. Headquartered in\nToronto, Ontario, Medworxx trades on the TSX Venture Exchange under the symbol\nMWX.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n\nCautionary Note Regarding Forward-Looking Statements\n----------------------------------------------------\n\n\nThis press release contains forward-looking statements. Often, but not\nalways, forward-looking statements can be identified by the use of words such\nas "plans", "expects" or "does not expect", "is expected", "estimates",\n"intends", "anticipates" or "does not anticipate", or "believes", or\nvariations of such words and phrases or state that certain actions, events or\nresults "may", "could", "would", "might" or "will" be taken, occur or be\nachieved. Forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of Medworxx to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking statements, such as costs of sales, general economic\nconditions, the success of marketing and competition from competing suppliers\nand businesses. Actual results and d...

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