AMS Homecare to Acquire a 40% Interest in Wireless2000.VANCOUVER, British Columbia -- AMS AMS - Andrew Message System Homecare (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHCKF) announced today that it has entered into an agreement to acquire a 40% interest in Wireless 2000 of Burnaby, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname). Burnaby, British Columbia, Canada, is the city immediately east of Vancouver. , Canada (www.wireless2000.com) a technology company involved in the research and development of Ultra Wide Band products, such as the Heart Rate and Respiration Monitor and Precision Location & Tracking System. In addition to the new share purchase agreement between the Company and Wireless 2000, announced today, AMS recently announced on March 28, 2005 that it had entered into a binding agreement with Wireless 2000 to acquire the exclusive distribution rights to distribute its products into the health care, residential elder care, medical offices and hospital markets in North America. Mr. Harj Gill, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , states, "The Company is continuing to assemble technology, products and distribution rights that will assist seniors and the disabled in providing them with more freedom, mobility and security. We believe that an acquisition of a 40% interest in Wireless2000 will allow the company to secure and market a range of products that will provide increased security and well-being for our customers." As previously reported, Wireless 2000 has developed a patent pending Ultra Wideband (UWB) technology. It has agreed to develop and provide to AMS Homecare a human Heart and Respiration Rate Monitor (HRRM HRRM High Range-Resolution Monopulse Tracking Radar ) and a Precision Location & Tracking System (PLT PLT psittacosis-lymphogranuloma venereum-trachoma (group); see Chlamydia. PLT psittacosis-lymphogranuloma venereum-trachoma (group). ) for locating and tracking patients and equipment around hospitals and healthcare facilities. "We expect to provide an update regarding the development of the HRRM commercial prototype in the next few weeks. In addition, the Company also expects to announce the opening of its first 65PLUS store shortly", stated Mr. Gill. The Company also reports that at its AGM held on July 29, 2005 the shareholders re-elected the directors of the board. The board was unanimously elected with 79% of the total outstanding votes voted. All of the remaining resolutions were approved with greater than 95% - 100% of the shares voted. Ms. Rani ra·ni also ra·nee n. pl. ra·nis also ra·nees 1. The wife of a rajah. 2. A princess or queen in India or the East Indies. Gill, President said, "I am very pleased with the high voter participation rate and with the overwhelming support provided by shareholders to the management and board." 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. . More information is available at www.amshomecare.com. 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 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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