CALGARY, Alberta - January 17, 2002 - Runcorp Inc. (OTCBB: - RUNN) David Phan, President of Runcorp Inc. (the "Company") reports the Company has signed a Letter of intent with Samson Healthcare Corp. ("Samson"). Samson is a leading provider in the home care industry in Western Canada with annual revenues of approximately $6,000,000. The Company has also appointed Mr. Dirk Hagge, an Investment Banker based in Germany as Director. Since 1993 Mr. Hagge has been the managing director of D.H. Asset Management Inc., an investment banking firm in Germany.
Mr. Phan states, "The Letter of Intent puts Runcorp in a position to take advantage of the changing trends in the North American Healthcare industry with increased opportunity to market the "Mediceye" Technology".
Samson is a retail and wholesale distributor of durable Medical Equipment and Rehabilitation equipment to hospitals, physiotherapy clinics, chiropractic clinics and other healthcare institutions and the public. It also sells surgical instruments for leading edge surgical techniques to acute care hospitals.
Runcorp, Inc. is a Calgary, Alberta-based, publicly traded company currently in the process of assembling the capital, management resources, and marketing rights required to establish itself as a supplier of security systems for wireless multi-vehicle surveillance of motor vehicles and remote patient monitoring. In June 1999, the Company acquired, through a license agreement with Autoeye, Inc., the use of the trademarks, trade names, insignia and other indicia for the technology known as the Autoeye Multi Vehicle Surveillance System. Please visit the Company's website at www.runcorp.com for further information regarding "Autoeye" and "MedicEye".
In conjunction with the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectation. Further information on potential factors that could affect Runcorp, Inc. is included in the Company’s filings with the Securities and Exchange Commission.
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