TORONTO, Feb. 18 /CNW/ - Medworxx Solutions Inc. ("Medworxx") (TSXV: MWX) is pleased to announce that, due to investor demand, it anticipates increasing the offering size of its 14% convertible debenture private placement, previously announced on February 2, 2009, to an aggregate principal amount of up to $450,000. Medworxx anticipates closing the private placement as soon as practical upon receipt of regulatory approval and completion of closing documentation. The convertible debentures will mature two years from the date of their issuance. All other terms of the offering remain unchanged from those previously announced.
About Medworxx: --------------- Medworxx, the makers of strategic software platforms that hospitals use to communicate, aggregate, and analyze knowledge, has been capturing the power of hospital knowledge since 2004. Medworxx' products are used by more than 500,000 users at over 280 hospitals across North America. Headquartered in Toronto, Ontario, Medworxx trades on the TSX Venture Exchange under the symbol MWX. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements ----------------------------------------------------
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Medworxx to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, such as costs of sales, general economic conditions, the success of marketing and competition from competing suppliers and businesses. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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