Prism Medical Ltd (PM:TSX-VEN) Dividend Declaration and Financial Advisor

Vaughan, Canada (PressExposure) October 22, 2009 -- Prism Medical Ltd. announced today that the directors have approved payment of a dividend of $0.075 per common share on November 5, 2009 to the shareholders of record on October 28, 2009.

Prism also announced today that the board of directors approved the appointment of Raymond James & Associates, Inc. to act as a financial advisor to the company. In such capacity, Raymond James & Associates, Inc. will independently assess the value of the company and review strategic alternatives with a view to increasing shareholder liquidity and maximizing shareholder value.

Forward-looking Information: Certain statements in this release may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of Prism to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Press Contact: Andrew McIntyre President, Chief Executive Officer and Chairman Prism Medical Ltd Vaughan, ON Tel: (416) 260-2145 ext. 235 Fax: (416) 260-9195 prism@prismmedicalltd.com http://www.prismmedicalltd.com

About Prism Medical Ltd

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the U.S. and the United Kingdom. While Prism's history dates back to 1996, Prism's subsidiaries and divisions have been servicing the mobility disadvantaged since the mid 1980's in their homes, long-term care facilities and acute care facilities. Prism includes Waverley Glen, North America's premiere ceiling lift manufacturer with distribution across Canada and the U.S., Patient Lifts of New England with distribution across the northeastern USA, Westholme and Care Free Lifting & Handling, leading distributors of moving and handling products in the U.K. and Freeway Health Care, a U.K.-based manufacturer of ceiling lifts and shower chairs.

Press Release Source: http://PressExposure.com/PR/Prism_Medical_Ltd.html

Press Release Submitted On: October 22, 2009 at 4:16 am
This article has been viewed 9183 time(s).