Horizon Health International Announces Signs M of U for Funding
February 12 2010 - 7:19PM
Marketwired
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
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