DMD Digital Health Connections Group Inc. Announces New Agreements for the Renegotiation and Total Repayment of Long-term Debt

MONTREAL, March 3, 2015 /CNW Telbec/ - DMD Digital Health Connections Group Inc. ("DMD" or the "Company") is pleased to announce that it has entered into three separate agreements to renegotiate and fully repay long-term debt with three Canadian lenders ("Lenders").

This refinancing was made possible through the use of an existing credit facility granted in October 2013 by a US-based lender.

The revised terms and repayment conditions
Under the terms of the agreements with the Lenders, all amounts paid to date under the original agreements and their subsequent amendments (either in principal or interest) will be applied against the principal, with no interest, under a 100% of capital recovery principle. The full repayment of the debt, totaling approximately $2.3M, will be made in two installments, with $1.5M payable immediately and the remaining $800,000 to be paid on or before July 31, 2015.

On behalf of the Board of Directors of DMD Digital Health Connections Group Inc.

About DMD Digital Health Connections Group Inc.
DMD enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through permission-based email, targeted on-line ad-serving, and mobile app advertising channels. Top pharmaceutical companies, agencies and respected healthcare organizations have adopted DMD's solutions to target, engage and interact with leading healthcare practitioners. For more information, visit www.dmdconnects.com .

Forward-looking statements
This news release contains forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Such statements include those with respect to the payments to be made to the Lenders.  Such assumptions, which may prove incorrect, include the following: (i) DMD will have sufficient liquidity to make the payments as set forth above, (ii) DMD will proceed with its payment to the Lenders in a timely fashion and (iii) generally, no event will occur or fail to occur so as to cause the Corporation to fail to pay the Lenders. Factors that could cause actual results to differ materially from expectations include (i) unfavorable financial results, (ii) DMD allocating, for business, regulatory or other reasons, its liquidities for purposes other than repayment of the Lenders and (iii) generally, any other event or omission that would prevent the Corporation from proceeding with the repayment of the Lenders. These factors and others are more fully discussed in the Corporation's filings with Canadian securities regulatory authorities available at www.sedar.com. All forward-looking statements are made as of the date hereof and DMD does not assume any obligation to update or revise them to reflect new events or circumstances, except as required under applicable law.

Neither NEX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE DMD Digital Health Connections Group Inc.

André Charron, CFO, DMD Digital Health Connections Group Inc., 514-769-5858, [email protected]