CALGARY, ALBERTA--(Marketwire - July 29, 2009) - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to announce that the Alaris board of directors has approved the funding of $1,000,000 for LifeMark Health Limited Partnership ("LifeMark") in order to facilitate LifeMark's ongoing acquisition strategy. The transaction will be effective July 30, 2009 and will be funded by available working capital. Under the terms of this funding, Alaris' distribution from LifeMark will increase by $181,818 on an annualized basis for a return of 18.2%. "We are very happy to be supporting one of our largest and best performing Private Company Partners at this time" said Alaris President and CEO, Steve King. "LifeMark has demonstrated that it continues to be able to post tremendous results even throughout this economic downturn. We believe that our shareholders are very fortunate to expand our partnership with LifeMark" said King. Despite being the largest company of its kind in Canada, LifeMark is still a very small percentage of the physiotherapy/rehabilitation market in the country. Management of LifeMark believes that the opportunities for further acquisitions by LifeMark in the future are numerous. Based on unaudited five month internal statements, LifeMark has posted a revenue increase of 22.2% and an EBITDA improvement of 28.7% compared to the first five months of 2008, which was previously the company's best year in history. About the Corporation: Alaris provides alternative financing to private companies (throughout this press release, collectively identified as the "Private Company Partners" and individually as a "Private Company Partner") in exchange for royalties or distributions with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position. Forward-Looking Statements This news release contains forward-looking statements. Statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, management's expectations, intentions and beliefs concerning the growth, results of operations, performance and business prospects and opportunities of the Corporation and the Private Company Partners, the general economy, the amount and timing of the payment of dividends by the Corporation, the future financial position or results of the Corporation, business strategy, proposed acquisitions, growth opportunities, budgets, litigation, projected costs and plans and objectives of or involving the Corporation or the Private Company Partners. Many of these statements can be identified by looking for words such as "believe", "expects", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof. In particular, this news release contains forward-looking statements regarding the anticipated financial and operating performance of LifeMark and its future acquisition opportunities. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. Forward-looking statements are subject to risks, uncertainties and assumptions and should not be read as guarantees or assurances of future performance. The actual results of the Corporation and the Private Company Partners could materially differ from those anticipated in the forward-looking statements contained herein as a result of certain risk factors, including, but not limited to, the following: the dependence of Alaris on the Private Company Partners; reliance on key personnel; general economic conditions; failure to complete or realize the anticipated benefit of Alaris' financing arrangements with the Private Company Partners; government regulations; and risks relating to the Private Company Partners and their businesses. Accordingly, readers are cautioned not to place undue reliance on any forward-looking information contained in this news release. Statements containing forward-looking information reflect management's current beliefs and assumptions based on information in its possession on the date of this news release. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.
For more information please contact:Alaris Royalty Corp. Curtis Krawetz Manager, Investor Relations (403) 221-7305