Monday, March 21, 2011

Buyout Offer for SmallCap Healthcare Company

Buyout Offer for SmallCap Healthcare CompanyMedisafe 1 Technologies Corp. (OTC:MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today, in a press release, that it has received an unsolicited buy-out of all the outstanding shares of the Company at $0.33 per share subject to final due diligence of the Companys technology and other regulatory issues by a European based Investment House. Medisafe1 closed on March 18, 2011 at $0.14 per share and averages nearly 191,000 shares traded per day. The company has a market cap of $7 million and a 52-week range between $0.11 and $0.45 per share.

Medisafe 1's management team and the Buying entity are currently conducting due diligence and should be able to provide to its shareholders further details in the coming weeks.

Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

For more information, please visit the company’s site: www.medisafe1.com.

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