Prism Medical Announces Re-Engagement of Special Committee of Directors

Vaughan, Canada (PressExposure) December 31, 2009 -- PRISM MEDICAL LTD. announced today, further to its announcement on October 19, 2009 concerning the appointment of Raymond James & Associates Inc. as financial advisor, that it has engaged its special committee to review and assist the board concerning strategic alternatives for increasing shareholder liquidity and value. The members of the special committee are Messrs. John Charles, Brian Spence and Jeffrey Spinks.

About Prism Medical Ltd.

Prism 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 Medical 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.

Contact :
William G. Edwards
Chief Financial Officer
Prism Medical Ltd.
Vaughan, Ontario
Fax: (905) 850-0061
(905) 850-0093 ext. 242

Press Release Source:

Press Release Submitted On: December 31, 2009 at 3:28 am
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