MedQuist Holdings Provides Additional Information Regarding the Proposed Short-Form Merger for Remaining MedQuist Inc. Shares

MedQuist Holdings Inc.

today announced that it intends to request that the U.S. Securities and Exchange Commission declare its pending registration statement effective and that it intends to complete its previously announced proposed short-form merger with MedQuist Inc. during October 2011. As previously announced, the Company no longer intends to conduct a registered exchange offer prior to the completion of the short-form merger. The Company has decided to forego the registered exchange offer due to timing and cost considerations.