RE: mytrak questions your public answer is in the press release of May 28
Medipattern and MYTRAK Combine to Launch Personalized Mobile Health Solutions for the Management of Metabolic Syndrome
Medipattern to raise up to $5 million through private placement
TORONTO, ONTARIO--(Marketwire - May 28, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Attention: Business/Financial Editors
The Medipattern Corporation ("Medipattern") (TSX VENTURE:MKI), announced today that it has signed a binding letter agreement (the "Transaction") with MYTRAK® Health System Inc. ("MYTRAK") to combine their technologies and launch a new personalized mobile health business called MyTrak Personal Health Solutions, focusing on monitoring physical activity for the management of Metabolic Syndrome. This will be achieved by leveraging MYTRAK's proven wearable mobile technology platform which complements Medipattern's core proprietary cardiovascular visualization and image analysis business launched in by Medipattern in June, 2011. Metabolic Syndrome is a group of medical risk factors that, when occurring together, indicate that an individual is at elevated risk to developing cardiovascular disease and/or diabetes. Medipattern will acquire MyTrak's Mobile Technology Business Unit including intellectual property and patented technology through this transaction.
rajualem:
Read the full press release for more disclosures and included projection.
https://tmx.quotemedia.com/article.php?newsid=51597196&qm_symbol=MKI