Business NewsMarketWire • Futuremed Announces Solid First Quarter 2011 Results

Futuremed Announces Solid First Quarter 2011 Results

Futuremed Announces Solid First Quarter 2011 Results

CONCORD, ONTARIO--(Marketwire - May 11, 2011) - Futuremed Healthcare Products Corporation (TSX:FMD) ("Futuremed" or the "Company") announced today solid financial and operating results for the three months ended March 31, 2011. On January 1, 2011 Futuremed Healthcare Income Fund completed its conversion to a corporation pursuant to a plan of arrangement under the Business Corporation Act (Ontario) and all related internal transactions. In addition, beginning on January 1, 2011 the Company adopted International Financial Reporting Standards ("IFRS") to report its operating results and financial position. For details on the effects of the transition to IFRS on the Company's financial statements, please refer to unaudited financial statements, and Management's Discussion and Analysis for the period available on the Company's web site or at www.sedar.com.

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