IOMED Schedules Special Shareholders' Meeting for August 8 to Vote on Proposed Merger with ReAble Therapeutics
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Sets Record Date and Announces Amendment to Merger Agreement
SALT LAKE CITY, July 10 -- IOMED, Inc. (AMEX:IOX) today announced that it has called a special meeting of shareholders for August 8, 2007 at 10:00 a.m. local time to be held at IOMED headquarters located at 2441 South 3850 West, Salt Lake City, Utah. The record date for the special meeting to vote on the proposed acquisition of IOMED by ReAble Therapeutics, Inc. is July 6, 2007.
IOMED filed definitive proxy materials relating to the special meeting, recommending shareholders vote for the previously announced transaction, with the Securities and Exchange Commission on July 9, 2007. Those materials will soon be mailed to shareholders. IOMED's Board of Directors has approved the merger agreement and recommends that its shareholders vote "for" the approval and adoption of the merger agreement.
Shareholders entitled to vote at the special meeting may vote by following the instructions included in the proxy statement and printed on the proxy card or by following the directions provided by their individual broker dealer firm. Failure to vote or abstaining from voting will have the same effect as a vote against the proposed transaction.
In addition, IOMED announced the signing of an amendment, dated July 6, 2007, to the merger agreement. The amendment extends the termination date from July 31, 2007 to August 31, 2007.
IOMED is a leader in developing, manufacturing and marketing active drug delivery systems used primarily to treat acute local inflammation in the physical and occupational therapy and sports medicine markets. The Company is pursuing opportunities to advance its position as a provider of quality, innovative non-invasive medical products that improve patient healthcare. To find out more about IOMED, Inc. (AMEX:IOX), visit our website at www.iomed.com
Source: IOMED, Inc.
Web site: www.iomed.com/
