MedcomSoft Inc.


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MedcomSoft Inc. announced a brokered private placement of 10.72 million shares at CAD 0.125 per share for gross proceeds of CAD 1.34 on January 31, 2008. The shares issued will be subject to a four-month hold period. Paradigm Capital Inc. will serve as placement agent to the company. The transaction is expected to close on February 7, 2008.