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Medwell Capital announces management change

^{Published on 2010-10-05 14:10:54 - Market Wire}
 

EDMONTON, Oct 5 /CNW/ - Medwell Capital Corp. (TSX: MWC) today announced Mr. Kjell Stenberg is no longer with the Company as an officer and director.

"On behalf of the Board, management and Medwell's employees, I would like to express our appreciation for Kjell's considerable contribution to our Company," said Kevin Giese, President and CEO. "We have had a very positive relationship and look forward to Kjell providing us with ongoing scientific advice as we look at investment and advisory opportunities."

About Medwell Capital Corp.

Medwell Capital Corp. is a Canadian-based service provider of capital and advisory services for the healthcare industry. For further information please visit [ www.medwellcapital.com ].

This press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Corporation's ongoing quarterly and annual reporting. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.