AMS Homecare to Acquire Vytron Communications.VANCOUVER, British Columbia -- AMS AMS - Andrew Message System Homecare Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHCKF): a national provider of mobility products, durable medical products and patient monitoring technology to the aging North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. population, is pleased to report that the company has agreed to acquire a fifteen percent interest in Vytron Communications of Toronto for $1.5 million dollars CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. . The funds are to be allocated for the purchase of certain assets, which AMS Homecare will own jointly and in addition the investment will include a fifteen percent interest in the shares of Vytron Communications. The company has also negotiated the first right of refusal to acquire an additional 40% of Vytron over the next five years. Vytron Communications is a CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column registered non-domestic carrier and reseller of Bell Telephone services and equipment. Vytron is active in biometric security systems, automation, telephone, Internet and Ethernet Services providing industries software solutions for Communication and Security services. The acquisition allows the Company to acquire assets that further its vision of providing improved security and monitoring in Healthcare facilities. The Company will work closely with Vytron and its partners, consultants and associates to implement a plan that will expand the services offered by Vytron and by AMS. The company hopes to close the transaction in a phased manner over the next few months. The company continues to negotiate to acquire an equity interest in another technology company. Updates will be provided as progress is made with the negotiations. The company is in negotiation with its financiers and new financiers on obtaining additional funding. Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to update its forward-looking statements. AMS Homecare Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AHCKF) |
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