NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES
NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
CINCINNATI, Ohio, March 26, 2019 (GLOBE NEWSWIRE) -- Protech Home Medical Corp. (“Protech” or
the “Company”) (TSXV: PTQ), a healthcare services company with operations in the U.S., today announced that it is
issuing a notice of redemption to holders of its 7.5% non-convertible unsecured subordinated debentures due December 31, 2019 (the
“Debentures”), representing a redemption in full of all of the currently outstanding Debentures. The Debentures
will be redeemed on April 30, 2019 (the “Redemption Date”), in accordance with their terms. The Debentures will be
redeemed at a total redemption price of $1,040.00 plus accrued and unpaid interest of $24.79166667 up to but excluding the
Redemption Date, both per $1,000 principal amount. As at the close of trading on March 25, 2019, the aggregate principal amount of
the Debentures outstanding was $8,625,000.
It is expected that the TSX Venture Exchange will halt trading on the Debentures (TSXV: PTQ.DB) at the opening
of business on the Redemption Date and delist such Debentures at the close of business on the Redemption Date. Interest on the
Debentures will cease to accrue on and after the Redemption Date.
The Company recently completed a $15 million bought deal offering, a portion of the proceeds from which will be
used to redeem the Debentures on the Redemption Date.
ABOUT PROTECH HOME MEDICAL CORP.
The Company provides in-home monitoring and disease management services for patients in the United States
healthcare market. The primary business objective of the Company is to create shareholder value by offering a broader range of
services to patients in need of in-home monitoring and chronic disease management. The Company's organic growth strategy is to
increase annual revenue per patient by offering multiple services to the same patient, consolidating the patient's services and
making life easier for the patient.
For further information please visit our website at www.protechhomemedical.com, or contact:
Hardik Mehta
Chief Financial Officer
Protech Home Medical Corp.
859-300-6455
investorinfo@myphm.com
Jonathan Robinson
Partner
Oak Hill Financial Inc.
647-479-5806
JRobinson@oakhillfinancial.ca
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, are intended
to identify forward-looking information. It includes future-oriented financial information or financial outlook within the meaning
of securities laws, such as the redemption of the Debentures, to inform readers of the potential financial impact of the redemption
notice of the Debentures. All statements other than statements of historical fact may be forward-looking information. Such
statements reflect the Company's current views and intentions with respect to future events, and current information available to
the Company, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by such forward-looking information to vary from those described
herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation:
credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and
infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and
economic conditions in the regions in which the Company operates; the ability of the Company to execute on key priorities,
including the successful completion of acquisitions, business retention, and strategic plans and to attract, develop and retain key
executives; difficulty integrating newly acquired businesses; the ability to implement business strategies and pursue business
opportunities; low profit market segments; disruptions in or attacks (including cyber-attacks) on the Company's information
technology, internet, network access or other voice or data communications systems or services; the evolution of various types of
fraud or other criminal behavior to which the Company is exposed; the failure of third parties to comply with their obligations to
the Company or its affiliates; the impact of new and changes to, or application of, current laws and regulations; decline of
reimbursement rates; dependence on few payors; possible new drug discoveries; a novel business model; dependence on key suppliers;
granting of permits and licenses in a highly regulated business; the overall difficult litigation environment, including in the
U.S.; increased competition; changes in foreign currency rates; increased funding costs and market volatility due to market
illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting
estimates and changes to accounting standards, policies, and methods used by the Company; and the occurrence of natural and
unnatural catastrophic events and claims resulting from such events; as well as those risk factors discussed or referred to in the
Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at
www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking
information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such
forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not
assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information
included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly
update or revise any forward-looking information, other than as required by applicable law.
The securities referred to in this news release have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news
release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public
offering of securities in the United States must be made by means of a prospectus containing detailed information about the company
and management, as well as financial statements.