Category Archives: Market News

VMS Rehab Systems Inc. (VRSYF: OTC Pink Current) | VMS Rehab Systems, Inc. generic drug unit signs Memorandum of Understanding to fund new Corporate Bond Issue

OTTAWA, Ontario, Oct. 24, 2016 /PRNewswire/ — VMS Rehab Systems, Inc. reported today that BioPharmcor Sp z o.o., the Poland based subsidiary of its generic drug company, BioPharmcor B.V., has signed a Memorandum of Understanding with a private investor to acquire up to 4.5 million PLN  (USD 1.125) of the Polish company’s 3 year 9% Convertible corporate Bonds. The transaction is expected to close within 30 days.

To date, BioPharmcor’s Polish unit has raised more than 8 million PLN (USD 2 million) in working capital to support the BioPharmcor drug development program. The pending inflow of new investment capital will assist BioPharmcor to complete human trials for its generic drug product, tadalafil, a first line treatment for Erectile Dysfunction (ED) and Benign Prostatic Hyperplasia (BPH). During the human trials, the BioPharmcor tadalafil generic drug will be benchmarked for bioequivalence against the branded reference product Cialis®, manufactured by Eli Lilly and Company.

In 2014, VMS Rehab Systems, Inc. made an investment in the generic pharmaceutical business with the acquisition of BioPharmcor Sp z o.o., Warsaw, Poland.  The company’s drug unit was subsequently reorganized under Dutch based BioPharmcor B.V., headquartered in Amsterdam, The Netherlands. A Canadian unit, BioPharmcor Inc., was established in 2016 to manage the Company’s drug formulation program in conjunction with Kabs Laboratories, St. Hubert, Quebec.

Established in 1998, as a manufacturer and distributor of Home Healthcare products, VMS Rehab Systems, Inc. is headquartered in Ottawa, Canada and maintains affiliate offices in Amsterdam, The Netherlands and Warsaw, Poland. The shares of VMS Rehab Systems, Inc. are listed on the US OTC Pink Current Market (Symbol: VRSYF).


Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “will” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.


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SOURCE VMS Rehab Systems, Inc.

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Metso Corporation (MXCYY: OTCQX International Premier) | Boliden selects Metso to supply equipment for a new surface crushing station to Aitik copper mine in Sweden

HELSINKI, Finland, Oct. 24, 2016 (GLOBE NEWSWIRE) — Boliden has selected Metso to supply equipment for a new surface crushing station at the Aitik copper mine in northern Sweden. The supply consists of two primary gyratory crushers, two rock breakers, two apron feeders, chutes, conveyors, spare wear parts, engineering and installation. The value of the order will not be disclosed. The order is included in Metso’s Q3 orders received.

Boliden’s Aitik copper mine, located to the north of the Arctic Circle in Lapland, Sweden, is one of Europe’s largest producers of copper.

“Metso and Boliden have cooperated since the 1960s. Our previous deliveries to Aitik include two autogenous mills, which, at that time, were the largest ever supplied by Metso. Since 2012, Metso and Aitik have also had a performance-based cost-per-ton service agreement, where Metso ensures the availability of the grinding circuit and is rewarded according to the output of the process. The newly signed contract for the delivery of key equipment for the new surface crushing station is yet another step forward in deepening the collaboration,” says João Ney Colagrossi, President, Minerals Capital business line, Metso.

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about EUR 2.9 billion in 2015. Metso employs over 12,000 persons in more than 50 countries. Expect results., 

For further information, please contact:

Wille Beckman, Senior Director Sales, Mining, MA Nordics, Metso, tel. +46 70 305 7149, Email:

João Ney Colagrossi, President, Minerals Capital Business Area, tel. +55 15 99741 0134, Email:

Helena Marjaranta, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, Email:

Boliden Aitik Sweden

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Affinor Growers, Inc. (RSSFF: OTCQB) | Vertical Designs Receives Permits to Build Vertical Farm for Strawberry Production in Abbotsford BC with Affinor Growers Patented Vertical Farming Technology

ABBOTSFORD, BC, Oct. 23, 2016 /PRNewswire/ – Vertical Designs Ltd is very pleased to announce that we have just received our permits to build out what will be one of the most technically advanced facilities producing strawberries in North America under the licence agreement with Affinor Growers a publicly traded company on the CSE:AFI, OTCQB:RSSFF and FRA:1AF. Construction will begin in early 2017 and currently in the process of finalizing purchase orders required to begin construction and ordering the vertical farming equipment.

Vertical Designs has also approved the purchase of Pomphrey Industries Corporations’ 25 kW dual axis solar tracker, the largest movable solar power system in the world, to offset strawberry photoperiod energy consumption. In addition, they will be installing an 11 parameter weather station and remote monitoring package to confirm location specific energy requirements for Vertical Designs’ 11,320 sqft. Commercial scale facility.  The facility will consist of a minimum of 24 towers purchased from Affinor Growers for roughly $800,000 that will transfer into significant revenue and profits for the project and further royalties’ revenue to Affinor Growers under the current licence agreement. Vertical Designs would like to publicly thank the City of Abbotsford for the wonderful assistance by city staff and look forward to working with you to turn Abbotsford into the strawberry hub of Canada.

Amanda Weber Comments: as the largest single shareholder of Affinor Growers and the designers of the growing technology We are 100% committed to this showcase and have no doubt this will be a huge success for the world to see as we only see expansion in the very near future and will likely increase our position in AFI as we move forward.

SOURCE Vertical Designs Ltd.

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Bunk Beds