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VMS Rehab Systems Inc (VMS1)

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Monday 30 June, 2014

VMS Rehab Systems Inc

Updates on Fiscal 2013 Audit


For immediate Release

Ottawa, On June 30, 2014: VMS Rehab Systems, Inc. (
reported today that the Company has advised the GXG Markets that its Canadian
Auditors will require additional time to complete and issue the Company's 2013
Fiscal Year Audit Report.

The Company initially had planned to meet its target date of May 30th , 2014 in
accordance with GXG Markets rules. A spokesperson for the company explains that
`The 2013 Audit has been somewhat more challenging for management than
originally anticipated for reasons beyond our control. Just prior to the May
30th deadline, upon discovery of certain adverse information on the firm's
Auditors at the time, we were faced with no other option than to seek out and
retain a new Auditing firm to perform the Fiscal 2013 Audit. While the change
in Audit firms was both disruptive to the Audit process and time consuming, the
Company's current Auditors are working closely with us to complete the 2013
Audit work and issue the Company's Financial Report .'

Incorporated in 1998 under the Laws of Canada, VMS Rehab Systems, Inc. is
headquartered in Ottawa, Canada. In January 2014, the Company acquired
BioPharmcor Sp z o.o., an early stage Polish firm engaged in the development of
generic drugs for the male gender population.

Shares of VMS Rehab Systems, Inc are traded on the First Quote Segment of the
GXG Markets (symbol: VMS1)


For more information contact:

VMS Rehab Systems, Inc
Investor Relations
Tel: 1-613-731-5935; 1-613-292-2307
e-mail: [email protected]

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