TIDMMDW

RNS Number : 8929Y

Mediwatch PLC

28 February 2013

Mediwatch plc

Joint Venture Dissolved

28 February 2013

Further to the announcement made on 21 January 2013, after lengthy negotiations with Genesis Medical Ltd regarding the joint venture, both parties could not agree on a number of commercial aspects and the joint venture has been dissolved. Mediwatch plc ("Mediwatch"), has therefore decided to reorganise its UK sales management and has utilised existing in-house personnel to extend coverage in the UK without incurring additional overhead costs. This will enable Mediwatch to prepare for the release of newly designed products and will give Mediwatch control of the UK market place.

Enquiries:

Mediwatch plc

+44 (0)1788 547 888

Mark Hughes, Chief Financial Officer & Company Secretary

SP Angel Corporate Finance LLP

+44 (0)20 3463 2260

Ewan Leggat / Laura Littley

This information is provided by RNS

The company news service from the London Stock Exchange

END

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