Merge eFilm and Cedara Software Corp announce that their securityholders will vote on merger at May 24, 2005 meetings
26 Abril 2005 - 4:15PM
PR Newswire (US)
Merge eFilm and Cedara Software Corp announce that their
securityholders will vote on merger at May 24, 2005 meetings
MILWAUKEE, WI, and TORONTO, ON, April 26 /PRNewswire-FirstCall/ --
Merge Technologies Incorporated (NASDAQ:MRGE), d.b.a. Merge eFilm,
and Cedara Software Corp. (NASDAQ:CDSW/TSX:CDE), today announced
that the mailing to both companies' securityholders of the
definitive joint proxy statement and management information
circular in connection with their proposed merger transaction will
commence on or about April 26, 2005. In addition, Cedara has
confirmed that the Ontario Superior Court of Justice has granted an
interim order approving the holding of a special meeting for Cedara
securityholders. Cedara will hold a special meeting of its
securityholders on May 24, 2005 to vote on the companies' proposed
merger. As part of its annual meeting to be held on May 24, 2005,
Merge eFilm's shareholders will vote on the companies' proposed
merger. Merge eFilm and Cedara shareholders of record at the close
of business on April 22, 2005 will be entitled to vote on the
proposed merger. Assuming Cedara securityholders and Merge eFilm
shareholders approve the merger transaction, final court approval
will be required and sought from the Ontario Superior Court of
Justice on May 26, 2005. The transaction is expected to close
during the week of May 30, 2005. About Merge eFilm Merge eFilm is a
global healthcare software and services company focused on
accelerating the productivity of imaging centers, small- to
medium-sized hospitals and clinics with a suite of RIS/PACS
products that more efficiently streamline, integrate and distribute
image and information workflow across the healthcare enterprise.
Since 1987, Merge eFilm has leveraged its healthcare integration
and connectivity experience to create workflow solutions that
improve our customers' productivity and enhance the quality of care
they provide. For more information about Merge eFilm's products and
services, visit our website at www. merge-efilm.com, or call Beth
Frost-Johnson, Senior Vice President-Marketing and Strategic
Planning, at 414-977-4254, email . About Cedara Software Corp
Cedara Software Corp. is a leading independent provider of medical
imaging technologies. Cedara's software is deployed in hospitals
and clinics worldwide and is licensed by many of the world's
leading medical device and healthcare information technology
companies. Approximately 28,000 medical imaging systems and 6,400
Picture Archiving and Communications System (PACS) workstations
have been licensed to date. Cedara recently acquired eMed
Technologies Corporation, widely known as a provider of innovative
PACS and teleradiology solutions that have been installed in over
2,000 hospitals and imaging centers. Cedara is quite unique in that
it has technologies and expertise that span all the major digital
imaging modalities including computed tomography (CT), magnetic
resonance imaging (MRI), digital X-ray, mammography, ultrasound,
echo-cardiology, angiography, nuclear medicine, positron emission
tomography (PET) and fluoroscopy. Furthermore, the Company's
medical imaging offerings are used in all aspects of clinical
workflow including the capture of a patient's digital image; the
archiving, communication and manipulation of digital images;
sophisticated clinical applications to analyze digital images; and
even the use of imaging in minimally-invasive surgery. For more
information about Cedara's products and services, visit our website
at http://www.cedara.com/, or call Jacques Cornet, Vice President
of Marketing & Operations, at (905) 672-2100 ext. 2564, email:
. Notice to Investors, Prospective Investors and the Investment
Community Cautionary Information Regarding Forward-Looking
Statements Statements in this press release regarding the proposed
merger of Merge Technologies, (d.b.a. Merge eFilm) and Cedara
Software Corp. which are not historical facts, including
expectations of financial results for the combined companies (e.g.,
projections regarding revenue, earnings, cash flow, cost savings
and future growth), are "forward-looking statements." All
forward-looking statements are inherently uncertain as they are
based on various expectations and assumptions concerning future
events and they are subject to numerous known and unknown risks and
uncertainties which could cause actual events or results to differ
materially from those projected. Investors are cautioned not to
place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. Certain factors
that could cause Merge eFilm's and Cedara's results to differ
materially from those described in the forward-looking statements
can be found in the definitive proxy statement/management
information circular filed with the Securities and Exchange
Commission. Merge eFilm and Cedara undertake no obligation to
publicly release the result of any revisions to these
forward-looking statements that may be made to reflect any future
events or circumstances. Additional Information Shareholders are
urged to read the definitive joint proxy statement/management
information circular regarding the proposed transaction, because it
contains important information. Shareholders will be able to obtain
a free copy of the joint proxy statement/management information
circular, as well as other filings containing information about
Merge eFilm and Cedara, without charge, at the Securities and
Exchange Commission's internet site (http://www.sec.gov/). Copies
of the joint proxy statement/management information circular and
the filings with the Securities and Exchange Commission that will
be incorporated by reference in the joint proxy
statement/management information circular can also be obtained,
without charge, by directing a request to Merge eFilm's Investor
Relations Department at Merge eFilm's principal executive offices
located at 1126 South 70th Street, Suite S107B, Milwaukee,
Wisconsin 53214-3151; telephone number (414) 977-4000. The
respective directors and executive officers of Merge eFilm and
Cedara may be deemed to be participants in the solicitation of
proxies in respect of the proposed transaction. Information
regarding Merge eFilm's directors and executive officers is
available in the definitive joint proxy statement/management
information circular filed with the Securities and Exchange
Commission, and information regarding Cedara's directors and
executive officers is available in the definitive joint proxy
statement/management information circular filed with the Securities
and Exchange Commission. DATASOURCE: Cedara Software Corp. CONTACT:
Merge eFilm: Scott Veech, Chief Financial Officer, (414) 977-4264;
Cedara Software Corp.: Brian Pedlar, Chief Financial Officer, (905)
672-2101 x2015; To request a free copy of this organization's
annual report, please go to http://www.newswire.ca/ and click on
reports@cnw.
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