Thursday, 1 May 2008

LMS Continues Moves To Reduce Expenses

LMS Medical Systems, (LMZ - TSX/AMEX)

Shares outstanding: 25.8 million

Fully Diluted: 30.7 million


LMS Medical announced today that it will delist from the AMEX Exchange, which is expected to take place as of May 22nd. In the news release it says, "The decision is in keeping with the Company's previous announcement to streamline operations and control costs in order to become cash flow positive."

This move supports its recent focus on sales and marketing.