Protech Home Medical

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PROTECH HOME MEDICAL RECEIVES FINAL GARNISHEE ORDER ABSOLUTE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Cincinnati, Ohio – August 16, 2019 – Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), a healthcare services company with operations in the United States, is pleased to report that it has successfully received a final Garnishee Order Absolute from the Court in Hong Kong as was contemplated in the Company’s news release dated June 26, 2019. Accordingly, it is expected that the bank will release to the Company the CAD$8.6 million which the Company had frozen in the perpetrator’s bank account.

It is expected, and it would be customary, that the bank will release the funds to the Company within 2-3 weeks of receipt of the Order, which should be achieved in the next 10 days. Additional information will be released by the Company as it becomes available.

“I am extremely pleased to have received this court order and look forward to having the moneys returned to the Company” said Greg Crawford, the Company’s CEO and Chairman. 



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PHM Admin