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VMS Rehab Systems Inc (VMS1)

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Monday 09 December, 2013

VMS Rehab Systems Inc

Acquisition of Early Stage Generic Drugs Business


VMS REHAB SYSTEMS INC TO ACQUIRE EARLY STAGE GENERIC DRUGS BUSINESS

For Immediate release

December 9, 2013

Ottawa, Canada: VMS Rehab Systems, Inc reported today that it will acquire
Warsaw based generic drugs developer, BioPharmcorSp Z o.o. from Argus Holdings
NV, a privately owned Dutch Investment Management business and VMS affiliate.
The all stock transaction is expected to close within 30 days.

According to a VMS spokesperson, "VMS Rehab is on the cusp of transforming
itself into a strategic player in a number of opportunistic segments of the
health industry. We view the pending acquisition of BioPharmcor as a milestone
event for our company. We've been engaged in the `quality of life' health
business for the past 15 years but adding BioPharmcor moves the company into a
dynamic growth multi billion Euro generic drugs segment of the global
pharmaceutical market. This will definitely be a game changer for the Company
on a number of fronts."

Established in 1998, VMS Rehab Systems Inc. is a Canadian incorporated company
headquartered in Ottawa, Ontario. The Company is currently a supplier of
branded `quality of life' orthopedic seat cushion products to the home
healthcare market in Canada. Since 2011 it has been a core supplier of ortho
seat cushions to Shoppers Home Healthcare, a unit of Shoppers Drug Mart,
Canada's largest publicly traded Home Healthcare and Drug retailer.

In October 2013, the Class `B' voting Shares of VMS Rehab Systems Inc were
listed for trading on the First quote segment of GXG Markets, symbol: VMS1.

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For More Information Contact:

Michael Wexler
IR/VMS Rehab Systems
Tel: 1 613 292-2307 /. +48-787 668 861
E-mail: [email protected]

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