SYDNEY, Australia--(BUSINESS WIRE)--April 19, 2006--The Board of Directors of Advanced Medical Institute Inc. (Pink Sheets:AVMD - News) announced today it has acquired the remaining 7% of the issued and outstanding shares of Intelligent Medical Technologies Pty Ltd ("IMT"), currently an indirect 93% owned subsidiary, in connection with a share exchange agreement. Under the terms of the agreement, AVMD will acquire the IMT shares from Anatoly Fanshil and Avina Investments Limited in exchange for an aggregate of 1,260,000 shares of AVMD restricted common stock or 3.49% of the shares of issued and outstanding common stock of AVMD.
