Aquarius Surgical Technologies Inc. closed the acquisition of all of the issued shares of Surgical Lasers Inc. (‘SLI’), as a result of which SLI is now a wholly-owned subsidiary of the Corporation. Gordon Willox, the founder of SLI, is holder of all of the consideration shares. He has joined the board of directors of Aquarius, and has been appointed as Managing Director, which position he will also hold in the management of SLI. Messrs. Michael G. Ryan and J. Thomas MacQuarrie Q.C. have retired from the board of directors of Aquarius, but will remain available in the future to provide valuable advice and assistance to the Corporation as consultants. Dr. Robert Francis, Founder and Director of the Medcan Clinic in Toronto, and Dr. Stanley Swierzewski III, Associate Professor of Clinical Urology at Tufts University in Boston, have joined the board of Aquarius and will add the considerable value of their extensive knowledge and experience to the Management Team.