True Nature Holding Updates on Activity, CEO Strategy
January 14 2019 - 09:12AM
InvestorsHub NewsWire
ATLANTA, GA -- January 14, 2019 -- InvestorsHub NewsWire -- True
Nature Holding, Inc. (OTCQB: TNTY) (the "Company" or "True Nature")
is providing this update to its shareholders on its overall plans,
and announces the appointment of Mark Williams as its CEO, in
addition to his role as a member of its Board of Directors. It also
noted that it has an updated Investor Presentation available for
download from its corporate web site
at www.truenatureholding.com .
Williams is a health care technology expert with over 30 years’
experience accelerating the success of both public and private
companies. He had previously been appointed the Chief Revenue
Officer and will add the CEO responsibilities to that mission.
“Mark’s experience in both information technologies and healthcare
make him best suited to qualify our acquisition targets properly,
and craft an overall strategy to meet our growth objectives,” said
Mr. Ronald Riewold, the Company’s Chairman of the Board of
Directors.
“The Company is well positioned to enter the healthcare
technology arena and has a growing list of targets, all which could
expand rapidly, if properly funded. We have stated previously that
our goal, subject to financing and with an experienced management
team, is to reach a $20 million revenue run rate early in 2020,
generally with domestic operations. If we are successful in that
regard, we will use the second half of 2020 to begin the work to
add an international focus. There are excellent opportunities
within the technology and IT-enabled services fields, and we intend
to have healthcare technology and related IT-enabled services
acquisitions as our primary objective,” stated Williams, who has
both domestic and international healthcare technology
experience.
He continued, “While developing experience in leading-edge
technologies such as voice, virtual reality, AI, and personal
device integration may bring opportunities outside of healthcare,
we will lead with healthcare, and generally make that our focus.”
When asked about the expected site for its headquarters, he
responded, “The dominant number of our targets are based in on the
West coast with the majority being in the greater Seattle,
Washington area. We have existing relationships with
Amazon, Microsoft, Google, and Apple, and as such, it is entirely
feasible that we would move our business center to a location
convenient to keep and expand on those relationships.”
When asked about the Company’s strategy for financing its
acquisitions, and their future growth, Mr. Williams said, “Over the
last year as we have honed our healthcare technology strategy and
added staff, we have gained exposure and interest from the
institutional financing community. We have been able to finance our
modest efforts to this point with bridge notes, intended to be paid
within 180 days as any other short term debt. We are completing
plans for significant financing to fund the acquisition and growth
needs for the next year, or two. Generally, we are considering an
offering using our preferred equity that would stand alone, and not
be convertible into our common shares. This approach would give the
Company time to grow the value of its common stock in conjunction
with the growth in revenue, without the pressure a convertible
offering might bring. While we cannot be certain that we will be
able to create the desired financing, or that the terms will
ultimately be acceptable, we have had conversations with well
qualified potential participants, and expect to execute on an
acceptable approach in the near term.”
The Mission of True Nature Holding, Inc.
To leverage new and emerging technologies and IT-enabled
services that are disruptive and transformational in addressing the
changes and requirements of the healthcare ecosystem that address
the shift to value-based care, population health, and consumerism
health and wellness. We believe our solutions and related
IT-enabled services can be a catalyst for improving the patient and
provider experience while improving outcomes and reducing
costs. Our approach takes into looks at healthcare being a
life cycle process versus an incident. Healthcare is all
around us and becoming a greater part of our daily lives with the
use of wearables, telehealth, remote monitoring, the use of AI and
emergence of precision medicine we look to provide solutions and
services that are embedded in the life cycle of the healthcare
ecosystem.
Our approach is to develop these business opportunities as
individual "threads" in response to client needs, ultimately
creating an end-to-end set of solutions from the end user up to the
healthcare provider, or veterinary professional. Further, we expect
to assist suppliers to the healthcare industry by allowing them to
access unique technologies that bind them with their clients in a
"top-down" distribution model.
We recognize it will take the investment of major market
participants like Apple, Amazon, Microsoft Google, and hospitals,
healthcare networks, pharmacies and other providers for us to
achieve critical mass. In consideration of this reality, we expect
to work with these market makers in collaboration, and support of
the ultimate user, the consumer. The day of "direct-to-consumer"
healthcare is upon us, and we hope to be a key contributor to its
evolution and success.
FOR MORE INFORMATION CONTACT: INVESTOR RELATIONS
AT www.truenatureholding.com
Statement Under the Private Securities Litigation Reform Act
As contemplated by the provisions of the Safe Harbor section of
the Private Securities Litigation Reform Act of 1995, this news
release contains forward-looking statements pertaining to future,
anticipated, or projected plans, performances, and developments, as
well as other statements relating to future operations. All such
forward-looking statements are necessarily only estimates or
predictions of future results or events and there can be no
assurance that actual results or events will not materially differ
from expectations. Further information on potential factors that
could affect True Nature Holding, Inc. is included in the Company's
filings with the Securities and Exchange Commission. We expressly
disclaim any intent or obligation to update any forward-looking
statements.
True Nature Holding, Inc. mwilliams@truenatureholding.com