HORIZON HEALTH INTERNATIONAL CORP. (PINK SHEETS: HZHI) (The Company) Horizon Health is pleased to announce that it has entered into a Memorandum of Understanding for a financing through an offshore group.

The M of U is based on a financing that will provide the Company with up to $500,000 for inventory and working capital. The funding advances will be based on the sales performance of the Company over the next 6 months. The Company plans to complete and execute the Definitive Agreement on or before February 19th, 2010.

The funding will provide the company with the opportunity to advance the Company's plan of development and operations both for Canada and the US for 2010.

Horizon's business: www.horizonhealthandsafety.com

Horizon provides virtual storefront access through E-Commerce, to market an extensive array of products that support independent living for persons challenged by a disability or some form of physical limitation. Often referred to by the generic label of disability products! These products encompass a broad range of categories including: - Adaptive technology - Aids for daily living - deaf and hard of hearing - Low vision aids - Mobility aids - Office ergonomics - Orthopedics. Nearly 10,000 products will be catalogued on the website for purchase by seniors, persons with disabilities caused by illness or a medical condition and person's temporary or permanent injuries.

In addition the Company acquired the exclusive rights to market, the "Chariot" and the "Telepath", in Canada, two products by Exmovere.

Mid January 2010 the Company announced the product launch of "HeatWear", the Company's new exclusive heated apparel line.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.

Contacts: Horizon Health International Corp. Delbert G. Blewett President 604-998-3385 horizonhealth@shaw.ca www.horizonhealthandsafety.com

Horizon Health (CE) (USOTC:HZHI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Horizon Health (CE) Charts.
Horizon Health (CE) (USOTC:HZHI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Horizon Health (CE) Charts.