ChroMedX Announces Results of Annual General Meeting and Name Change
Toronto, Ontario--(Newsfile Corp. - July 4, 2018) - ChroMedX Corp., (CSE: CHX) (OTCQB: CHXIF) (FSE: EIY2) (the "Company"), developer of the HemoPalm Handheld Blood Analyzer Platform, is pleased to announce the results of the annual general meeting held on June 29, 2018. All matters presented to the shareholders were approved including the change of the Company's name to Relay Medical Corp.
In accordance with the Company's expansion into an integrated Medtech accelerator/incubator, as described in its press release of June 19, 2018, the Company has changed its name from "ChroMedX Corp." to Relay Medical Corp."
It is anticipated that the common shares of the Company will commence trading on the Canadian Securities Exchange (the "CSE") under its new name, new ticker symbol "RELA" and CUSIP number 75943L105 (ISIN: CA75943L1058) on or about July 9, 2018.
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About the Company
ChroMedX Corp. is a medical technology company focused on the development of novel, handheld medical devices for diagnostic testing.
HemoPalm, the Company's lead product, is the only handheld blood analysis system which combines Blood Gases & Electrolytes with full CO-oximetry. It has a single-use cartridge/handheld reader format, providing the simplest, most rapid and accurate testing process for use in management of critical care patients. Current blood gas systems require purchase of a second device to carry out CO-oximetry measurements. ChroMedX Corp. technologies are protected by the Company's issued and pending patents, covering blood/plasma/serum collection and processing and analysis.Website: www.chromedx.com
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Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for UXD described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.