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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


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.


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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