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Message: NR-Obtains final order for Plan of Arrangement w/Benvest

NR-Obtains final order for Plan of Arrangement w/Benvest

posted on Mar 01, 2010 12:24PM

Sonomax obtains final order for Plan of Arrangement with Benvest New Look Income Fund

	    - Arrangement expected to close on March 2, 2010

	    MONTREAL, March 1 /CNW Telbec/ - Sonomax Hearing Healthcare Inc. (SHH:
TSX Venture) is pleased to announce that it today obtained a final order from
the Québec Superior Court with respect to Sonomax's previously-announced Plan
of Arrangement with Benvest New Look Income Fund (BCI:UN: TSX). It is expected
that the Plan of Arrangement will become effective on Tuesday, March 2, 2010.
	    As previously announced, the Plan of Arrangement provides that Sonomax
shareholders will exchange their Sonomax shares on a one-for-one basis for
shares of a new corporation, Sonomax Technologies Inc., as a result of which
the current shareholders of Sonomax will hold 100% of the outstanding shares
of Sonomax Technologies. As part of the Plan, holders of Sonomax's stock
options, warrants and convertible promissory notes will exchange their
securities for identical securities of Sonomax Technologies. Sonomax
Technologies will have the same Board of Directors and management as Sonomax,
and substantially the same operations and assets but with an additional $1.74
million in cash, less the costs incurred in connection with the Plan of
Arrangement.
	    Sonomax expects that the common shares of Sonomax Technologies will
commence trading on the TSX Venture Exchange under the stock symbol "SHH" on
Monday, March 8, 2010, in substitution for the shares of Sonomax. The shares
of Sonomax will continue to trade until that time.

	    About the New Sonomax:

	    Sonomax is a leader in the research, development and licensing of in-ear
technologies. With over 50 patents worldwide, Sonomax pioneering innovation
includes instant custom-fitting earpieces that deliver the most comfortable,
protective and sound-enhancing experience in the world, as well as software
driven solutions for validating earpiece performance. The latest V4
Self-Fit(TM) System offers our manufacturer and aftermarket clients a broader
range of opportunities in customized earpieces for personal entertainment,
mobile communication and Bluetooth(TM) headsets. The technology also extends
to applications for self-fit earplugs for hearing protection and communication
in the industrial and military market sectors.

	    This news release contains statements that constitute "forward-looking
information" or "forward-looking statements" within the meaning of applicable
securities legislation. This forward-looking information is subject to
numerous risks and uncertainties, certain of which are beyond the control of
Sonomax Hearing Healthcare Inc. ("Sonomax"). Actual results or achievements
may differ materially from those expressed in, or implied by, this
forward-looking information. No assurance can be given that any events
anticipated by the forward-looking information will transpire or occur, or if
any of them do so, what benefits that Sonomax will derive therefrom. In
particular, no assurance can be given as to whether the proposed plan of
arrangement with Benvest New Look Income Fund will be completed.
Forward-looking information is based on the estimates and opinions of
Sonomax's management at the time the information is released and Sonomax does
not undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.

	    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.





-30-
	    /For further information: Nick Laperle, President and CEO, Sonomax
Hearing Healthcare Inc., (514) 932-2674 ext 2229, nlaperle@sonomax.com/
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