MEDirect Latino Inc. Cancels Class A Common Stock Issuance

“MEDirect Latino Inc. (Pink Sheets:MLTO) (www.medirectlatino.org), the first national provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community, today announced that the Board of Directors, coupled with a majority of the Company’s shareholders, voted to cancel the Class A Common Share issuances. The Class A Common Share carried a 10-1 voting advantage to a Common Share of the Company. Voting to cancel the Class A Common Shares were holders and Founder and President/CEO, Ms. Debra L. Towsley, Founder and EVP/Chairman, Mr. Raymond Talarico and Company COO, Mr. Charles W. Hansen III, and further carried by a majority of shareholders. The decision to cancel the issuance of the “super voting” shares was made to further align the management of the Company with shareholders and strategic relationships.”

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