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File: News_Release_9June2016.pdf

2016-06-9 - News Release 

     Vodis announces Changes in Management and Debt Financing
June 9, 2016   Vancouver, British Columbia   Vodis Pharmaceuticals Inc. (CSE: VP / FSE:
1JV) ("Vodis" or the "Company") announces that Mr. Ivan Miliovski, who is one of the
Company's Founders, Chief Operating Officer and a Director, has been appointed as the
Company's new Chief Executive Officer on the resignation of Mr. Sean Cote. In addition, Mr.
Clive Boulton has stepped down as a member of the Board of Directors. The Company
expresses its appreciation to Mr. Boulton for his role as an independent director.

Mr. Boulton has been replaced on the Board of Directors with Mr. Plamen Ovagemov. Mr.
Ovagemov has Bachelor in Economics and Marketing and has extensive experience as an
operations executive serving as CEO and Executive Director of multiple national and
international European companies. Most notably Mr. Ovagemov served eight years as CEO and
Chairmen of the Board to Ponsstroy Engineering EAD, an international full service commercial
development company. During his eight years as CEO with Ponsstroy Engineering EAD, Mr.
Ovagemov grew the company's revenue over 1,000% with revenues exceeding $100,000,000
annually. Additionally he brokered national and international European deals, worked with local
government and agencies on European Union funded projects and has received multiple
European awards of excellence in business.

Further to the news release of May 25, 2016, Vodis announces that Mr. Ivan Miliovski and other
lenders have loaned a total CDN$180,000 to Company. Some of the funds have been used to
pay in full all outstanding principal and interest owed to Argentas Holdings Inc. and provided
necessary short term working capital for the Company's operations. The term of the loan is six
months and interest will accrue at the rate of 8% per annum. The Company will grant the
lenders a security interest against the Company's assets in its Bellingham, Washington facility.

Mr. Ivan Miliovski and another lender have also agreed to loan the Company a total
CDN$200,000. The term of the loan will be six months from the date of advance and will accrue
at the rate of 8% per annum. The Company will grant the lenders a security interest against the
Company's assets in its Delta, B.C.

Mr. Ivan Miliovski stated, "The Company is pleased to have Mr. Ovagemov join the Board of
Directors and bring with him a wealth of knowledge and experience in management and
operations. I have to thank the team of loyal workers that have been very dedicated through
these challenging months as we wait for the necessary permits to advance the business."

For further information, please contact:

Ivan Miliovski
Chief Executive Officer and Chief Operating Officer
Vodis Innovative Pharmaceuticals Inc.
8788 River Rd, Delta, V4G 1B4, Canada
Cell: 778-242-9677
Website: www.vodis.ca
 The Canadian Securities Exchange has neither approved nor disapproved the contents of this
news release and accepts no responsibility for the adequacy or accuracy hereof.

Forward-Looking Information:

Certain information contained herein may constitute "forward-looking information" under Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "expects" or "it is expected", or variations of such words and phrases or
statements that certain actions, events or results "will" occur. Forward-looking statements are based on
the opinions and estimates of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements or forward-looking information, including: the
use of proceeds of this financing. Although management of the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking statements or forward-looking information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements and
forward-looking information. The Company does not undertake to update any forward-looking
statements or forward-looking information that is incorporated by reference herein, except as required
by applicable securities laws.