EKN Financial Services to Act as Lead Agent in US $3.5 million Private Placement Financing

Top Quote The company has established US headquarters in New Jersey and is operating and headquartered in Geneva, Switzerland with offices in Chennai, India and Toronto, Canada comprised of corporate management and qualified Medical and IT professionals. End Quote
    Quote The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release Quote
  • (1888PressRelease) May 04, 2011 - Toronto, Ontario - Further to the press release dated November 2, 2010, EasyMed Services Inc. (CNSX: EZM - "EasyMed" or the "Company") wishes to provide an update on the Company's proposed private placement.

    EKN Financial Services Inc. ("EKN" or the "Agent") of Melville, New York has been engaged by the Company to act, on a best efforts basis, as lead placement Agent in the offer of sale of 3,181,818 units of the Company's securities at a price of US $1.10 per unit (the "Unit") for aggregate gross proceeds of US $3,500,000 (the "Offering"). The Offering has a 15% over allotment option. Each Unit will consist of one common share and one common share purchase warrant (the "Warrant"). Each Warrant will carry a term of three years and entitle the holder to purchase one common share of the Company at an exercise price of US $1.65.

    The closing of the Offering is expected to occur on or about May 15, 2011 and is subject to the completion of formal documentation and receipt of regulatory approval.

    The net proceeds of the financing will be used primarily to build the Company's sales force in the United States and worldwide, further product development, and for general corporate activities.

    "Carmelo Bisognano"

    Per: Carmelo Bisognano / CEO

    About EasyMed Services Inc.

    EasyMed Services Inc. is a Medical and Health Technology Services Company based on an Internet and Mobile phone platform offering a range of services and applications for insurance companies, providers of disease management/wellness programs to insurance companies, pharmaceutical manufacturers in regards to clinical trials and the general management of prescription drug usage, hospitals and healthcare professionals and individuals and families.

    The main service feature centers on the portable management of all health related activity and transactions. This includes medical and health reminders, on-line and mobile phone access and interactivity, telemedicine, and an international medical and health information service.

    About EKN Financial Services Inc.

    EKN Financial Services is a New York-based full service broker dealer and investment banking firm. EKN was founded by a team of Wall Street professionals with a depth of financial experience, which experience includes working on behalf of companies in the area of disease/population management specifically involving the use of electronic patient medical records to improve health outcomes. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

    For more information on EasyMed Services Inc. please contact:

    Jared Scharf, CFO & Director,
    EasyMed Services Inc.
    1250 West Hastings Street
    Vancouver, BC, Canada V6E 2M4
    (416) 955-0585

    For more information on EKN Financial Services, please contact:
    Robert J. Giordano, Managing Director, Investment Banking
    EKN Financial Services Inc.
    201 Old Country Road
    Melville, NY 11747
    rgiordano ( @ ) eknstock dot com

    This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. These forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. "The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release".

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