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EDMONTON, Sept. 29 /CNW/ - Medical Resorts International Inc. is pleased to announce that it has received approval to trade in the United States on the NQB Pink Sheets under the symbol ''MRINF''. Medical Resorts International Inc. has signed a contract with M.H. Meyerson to act as our Investment Banker and Market Maker in the United States. Guidera Communications of South Carolina will handle Public Relations. The issued and outstanding shares in the Company is 25,568,044. Medical Resorts also trades on the Canadian Dealing Network (CDN) Toronto under the Symbol ''MDRE''. For further information: Robert Talbot, (403) 430-6363 MDRE CDN:OTC MDRE Medical Resorts Intl. .17 MDRE has a medical resort on the Caribbean Island of Anguilla, which performs Dialysis and various other medical procedures. This summer they have been expanding the resort by building a new restaurant, pool and surgical center. Each quarter over the last year they have reported higher year over year revenues and profits. The company indicated they intend to add new dialysis clinics in various locations in Canada, the US and the UK. Earlier this year, the company hired a US investor relations firm and US market maker. They did this in preparation of a NASD listing, which has been applied for. They had expected to be listed by now and new clinics opened. The company says all their plans remain the same, with the only change being the unexpected delay in listing. MDRE and their market maker has confirmed that new rules on the NASD as of April 1 has prolonged the listing process for many foreign firms like MDRE. After several requests by the NASD for more information, I am told the application should now be complete. MDRE has remained one of the most active stocks on the CDN OTC Market this summer. Although the stock remains under .20, recent trading volumes are worth noting again, which I watch closely as indicator of potential short term changes. 403-430-6363 or 888-438-8860 www.hoteldehealth.com | ||||||||||||||
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