MedeFile International completes $350,000 private placement of stock

Company sells 35 million shares at $0.10 per share through offering

By Devika Patel

Knoxville, Tenn., July 17 – MedeFile International, Inc. arranged a $350,000 private placement of stock on July 1, according to an 8-K filed Thursday with the Securities and Exchange Commission. It raised $5,000 on July 3, $150,000 on July 8 and $195,000 on July 15.

The company sold 35 million common shares at $0.10 per share. The price per share is a 233.33% premium to the June 30 closing share price of $0.03.

Cedar Knolls, N.J.-based Medefile has created a system for gathering and digitizing medical records so that individuals can have a record of all of their medical visits.

Issuer:	MedeFile International, Inc.
Issue:	Common stock
Amount:	$350,000
Shares:	35 million
Price:	$0.10
Warrants:	No
Pricing date:	July 1
Settlement date:	July 3 (for $5,000), July 8 (for $150,000), July 15 (for $195,000)
Stock symbol:	OTCBB: MDFI
Stock price:	$0.03 at close on April 12
Market capitalization:	$4.96 million

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