VSM MedTech Restructures, Signs Marketing Agreement with Mass Financial Corp.

Vancouver, BC, November 20: VSM MedTech Ltd. wishes to announce that as part of its ongoing restructuring program, on November 10, 2006 it entered into a sales and marketing agreement with VSM International Systems Inc. (“VSM International”), a wholly-owned subsidiary company of Mass Financial Corp. (“MASS”), to distribute its MEG systems on a world wide basis. Paul Murdoch, the former President and CEO of VSM has resigned from the Company and its Board to accept the position of Executive Vice President, International Sales & Marketing of VSM International. Mr. James M. Carter, who is also a Vice President of MASS, has been appointed to the position of President & CEO of VSM to replace Mr. Murdoch.

Also, as part of the Company’s ongoing restructuring program, effective November 16, 2006 Mr. Terry McCrary and Mr. Slobodan Andjic were appointed as Directors of VSM. 

 For more information, visit www.vsmmedtech.com.