Yellow Point Equity Partners converts Prism Medical Debentures

Vancouver, B.C. August 16, 2011 –Yellow Point Equity Partners Limited Partnership (the "Partnership") is pleased to announce that it has now converted Series A Convertible Subordinated Debentures in the princpal amount of $6,850,000 (the "Debentures") of Prism Medical Ltd. ("Prism" or the "Company"), which represents all of the Debentures held by the Partnership, into an aggregate 1,826,666 common shares (the "Common Shares") of the Company at a price of $3.75 per Common Share. The Debentures were originally issued by the Company on September 17, 2004. As a result of the conversion in full of the Debentures, the Partnership has now acquired control of, and holds, an aggregate 1,826,666 Common Shares of the Company, which represents approximately 22% of the current issued and outstanding Common Shares of Prism, assuming no other Common Shares are issued.

The Partnership acquired the Debentures in private transactions in reliance on the exemption from the prospectus requirements contained in section 23 of National Instrument 45-106 Prospectus and Registration Exemptions. The Debentures were acquired for investment purposes only and the Partnership may purchase further securities of the Company in the future.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by the Partnership in connection with the conversion of the Debentures into Common Shares of Prism is available on the Company's SEDAR profile, and it can also be obtained directly from the Partnership by contacting the representative of the Partnership, Tyler Smyrski, at (604) 659-1892 or tsmyrski@ypoint.ca.

About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. We invest in and partner with outstanding management teams of later stage private companies with the goal of building shareholder value over the long-term. With our experience and creativity, and the strong support of our portfolio companies, we aim to be the long-term partner of choice for management teams of western Canada’s leading private companies.

For more information, please contact David Chapman or Brian Begert, or visit our website at www.ypoint.ca

Yellow Point Equity Partners LP
Suite 1000 – 1285 West Pender Street
Vancouver, B.C. V6E 4B1

David Chapman Managing Partner dchapman@ypoint.ca 604 659 1894

Brian Begert Managing Partner bbegert@ypoint.ca 604 659 1892