VAUGHAN, ONTARIO - PRISM MEDICAL LTD. (TSX-V: PM) (“Prism”) today announced that its wholly owned US subsidiary, ErgoSafe Products LLC, doing business as Prism Medical Services USA, has completed the acquisition of substantially all the assets and operations of Kevko Solutions, Inc., a New York corporation, doing business as Access Solutions, a privately owned United States based distributor of moving and handling products for the mobility impaired. The assets were acquired for approximately $500,000. The purchase price was satisfied by a cash payment of $400,000 and a $100,000 holdback until certain contractual obligations are met. Additional consideration, of up to $1,600,000 may be paid in future depending on the results of the operation which will operate as Access Solutions, a Prism Medical Company.

Access Solutions has been in operation since 1999 providing surveying & assessment, installation, and training services, as well as the distribution of a variety of safe patient handling and accessibility products for the Acute, Long-Term Care and Home Health Care markets in New York and Northern Pennsylvania. The products include ceiling lifts, stair lifts, ramps, floor lifts, bathing systems, beds and repositioning aids. Products are sold for use in institutions and homecare.

The former majority shareholders, Walter A. Kolt Jr. and Kevin Klipfel have entered into employment contracts with Prism Medical Services USA. Walter A. Kolt Jr. will continue to be responsible for the day-to-day operations as General Manager of Access Solutions and Kevin Klipfel will continue as a major contributor to Prism’s US institutional sales activities.

Andrew A. McIntyre, Chairman and CEO of Prism stated, “The acquisition of Access Solutions marks another step in the strategic expansion of our geographic coverage and product offering. Access Solutions fills an existing gap in our US market and will provide Prism’s products with direct access to outstanding customer relationships developed by Access Solutions over the last nine years in New York and the surrounding region of the United States. We look forward to the opportunities that will be created through this acquisition.”

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Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the U.S.A. and the United Kingdom. While Prism’s history dates back to 1996, Prism’s subsidiaries and divisions have been servicing the mobility disadvantaged since the mid 1980s in their homes, long-term care facilities and acute care facilities. Prism includes Waverley Glen Systems, North America’s premier ceiling lift manufacturer with distribution across Canada and the US including Patient Lifts of New England. In the UK, Prism includes Westholme and Care Free Lifting & Handling, leading distributors of moving and handling products in the UK, and Freeway Health Care, a manufacturer of ceiling hoists and shower chairs.

Visit www.prismmedicalltd.com for more information.

Prism Medical recently announced the appointment of David Minas as Chief Financial Officer. Having worked as a chartered account for nineteen years, Mr. Minas has served in a number of financial capacities, in both public as well as private companies.

So far Mr. Minas has had anything but a standard career. He has witnessed first-hand many of the challenges a company faces in its successive growth phases. Involvement in everything from starting a company from scratch, to taking another one public, completely overhauling its operations as part of a restructuring, to helping manage a company just beginning a massive growth phase that took it from $46 million in revenues to over $100 million, has prepared him well for his new role at Prism. “Having enjoyed a wealth of diverse experiences, especially recently in a fast-moving, exponential growth phase company that presented me with new challenges daily, I am confident I can handle the challenges that Prism will throw at me.”

No stranger to challenges, Mr Minas harbours a strong competitive spirit. After excelling in middle distance track and cross-country running, Mr. Minas was fortunate to represent Canada at international meets in the United States and Europe. A family man and father of two small boys, David competes in triathlons and still manages to find time to play men’s league hockey twice a week in the winter.

Not that Prism is losing its previous CFO, Miles Atkinson. Far from it. He will be staying on as the company’s Vice President of Business Development and will be focusing on acquisitions. Andrew McIntyre, Chairman and CEO of Prism had this to say: “These two appointments mean we are adding considerable strength to our financial functions, which we anticipate will contribute significantly to future growth and profitability.”

www.waverleyglen.com

www.prismmedicalltd.com

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom (UK). Operating since 1996, Prism services the mobility disadvantaged wherever they reside – the home, long-term care facilities or acute care facilities.

Prism announced today that the board has appointed David Minas as Chief Financial Officer. Mr. Minas has served in various financial capacities with a number of public and private companies in his 19 years of experience as a chartered accountant in Canada.

Mr. Minas replaces Miles Atkinson who will remain in a newly-created position of Vice President Business Development with a focus on acquisitions.

Andrew McIntyre, Chairman and CEO of Prism stated, “By these appointments we are adding considerable strength to our financial functions which we anticipate will contribute significantly to future growth and profitability.”

www.prismmedicalltd.com

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom (UK). Operating since 1996, Prism services the mobility disadvantaged wherever they reside.

Prism Medical Ltd. (“Prism” or “the Company”) (PM:TSX-VEN) today announced its results for the second quarter ended May 31, 2008.

Net income for the second quarter of 2008 increased to $1.0 million ($0.15 per share on a diluted basis) versus $0.7 million ($0.10 per share on a diluted basis) for the same period in 2007.

During the second quarter of 2008, revenues were $12.6 million compared to $11.0 million in 2007, an increase of 15%.

North American revenues increased 58% in 2008 over 2007 driven by strong institutional demand for our products serviced by additional sales personnel and the positive effect of the acquisition of Patient Lifts of New England. UK sales volume increased 8%, offset by an exchange rate decline of 11%.

Gross profit increased $902 (19%) in 2008 over 2007 driven by the sales increase and cost efficiencies resulting from increased UK production.

Earnings per share on a diluted basis for the six months ended May 31, 2008 were $0.29, an increase of 107% over the same period in the previous year.

Andrew McIntyre, Chairman and CEO of Prism stated, “The second quarter of 2008 was very positive for the Company as we saw continued institutional demand for our products, improved manufacturing efficiencies and greater geographic coverage. Further improvements in US sales representation and dealer market share should result in future profitable growth.”

The board of directors of Prism has approved payment on August 29, 2008 of a dividend of 8 cents per common share to the shareholders of record on August 15, 2008. A dividend policy has been established to pay a quarterly dividend of 4 cents per common share, although this dividend policy may change based on future circumstances.

www.prismmedicalltd.com

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom (UK). Operating since 1996, Prism services the mobility disadvantaged wherever they reside.