UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(D) of The Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): August 12,
2020
eWELLNESS HEALTHCARE CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada |
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000-55203 |
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90-1073143 |
(State
or other jurisdiction
of
Incorporation)
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(Commission
File
Number
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(IRS
Employer
identification
Number
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eWellness
Healthcare Corporation
1126
S Federal Highway #464
Ft. Lauderdale FL 33316
(Address
of principal executive offices)
Registrant’s
Telephone Number, including area code: (855)
470-1700
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Company under
any of the following provisions:
[ ] |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
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[ ] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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[ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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[ ] |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act: None
Title
of each class |
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Trading
Symbol(s) |
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Name
of each exchange on which registered |
N/A |
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N/A |
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N/A |
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging
growth company [X]
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
[ ]
eWELLNESS
HEALTHCARE CORPORATION REPORTS UNUSUAL HIGH
TRADING VOLUME OF THE COMPANY’S COMMON STOCK
2.02
Results of Operations and Financial Condition
FORT LAUDERDALE, FL – August 18, 2020 – eWellness
Healthcare Corporation (OTC: EWLL) today announced that it was made
aware of unusually high trading volume of the Company’s common
stock on or about August 12, 2020. The Company is unaware of any
current promotional activities nor is the Company aware of any
events that would cause the increase in the trading volume on such
date. There are now over approximate 26,000 Company related posts
on investorhub.com. The Company and its officers had no knowledge
of these recent postings, were not involved, either directly or
indirectly, with the creation, distribution, or payment of these
activities on investorhub.com and any other investor related
websites.
The
Company, following its being made aware of the trading volume on
August 12, 2020, has reviewed a number of statements about the
Company on the investorhub.com website and wish to clarify the
Company’s business activities.
In
the Company’s Annual Report on Form 10-K for its year-ended
December 31, 2019, filed with the SEC on March 24, 2020, the
Company disclosed that to date, “we have existing provider
agreements with 16 entities, pursuant to which their employees can
utilize our Platform. Additionally, we are actively pursuing as
clients for our services numerous large, mid-sized and even smaller
corporate self-insured companies, TPA’s and insurance companies to
sign provider agreements with us. We have historically had to
devote up to one year in sales and marketing activities and efforts
to sign new provider agreements and to date we have executed and
existing provider agreements with the following companies that we
expect to generate revenues during the first quarter of 2020.” The
Company did not name all of the 16 entities in the Form
10-K.
On
March 26, 2020, the Company, DBA as Phzio Telerehab, concluded a
Platform Licensing and Service Agreement with ATI Holdings, LLC
(“ATI”) for a one-year renewable agreement that allows ATI physical
therapists to utilize the Company’s PHZIO platform on a per use
basis for a small fee per session. The agreement’s terms have not
been disclosed due to the fact that it contains highly confidential
information about the Company’s PHZIO system and pricing
information, which constitutes secret and proprietary information
of the Company. To date, this agreement has not been directly
disclosed nor has it generated any revenue to the Company to date.
The agreement is currently being managed by Bistromatics, Inc.
(“BI”) as the Company has contracted with BI to operate its PHZIO
platform on behalf of the Company. In the future, it is anticipated
that the Company may receive a revenue share of any proceeds
generated by the ATI agreement from BI.
As
noted in the Company’s recently filed Form 10-Q for the period
ended June 30, 2020, the Company reported that: “The Company has
generated minimal revenues to date. On November 12, 2016, the
Company entered into a Services Agreement with Bistromatics (the
“Bistromatics Agreement”) pursuant to which Bistromatics agreed to
provide operational services to the Company for its PHZIO System
including development, content editing and training, support and
maintenance, billing, hosting and oversight, among other
services.”
Pursuant
to communications between the Company and both Darwin Fogt and
Curtis Hollister, principals of BI and former executive officers
and directors of the Company, regarding their resignations from
such positions with the Company, which resignations were accepted
by the Company’s Board on June 1, 2020, Messrs. Fogt and Hollister
represented to the Company that Bistromatics and its management
will continue to provide support services to the Company’s PHZIO
System.
As
noted above, the Company’s PHZIO and MSK360 systems are currently
operated on behalf of the Company by Bistromatics Inc., which is
based in Canada. These services are still operational and continue
to treat EWLL’s corporate patients and customers.
We
are in the process of completing a new Services Agreement with
Bistromatics, that, if completed, will likely re-position EWLL as a
Value Added Reseller (“VAR”) of the PHZIO and MSK360 platforms and
allow EWLL to earn marketing fees and would also be granted a
significant percentage ownership of Bistromatics in return for
transferring the marketing and IP rights for the PHZIO and MSK360
platforms from EWLL to Bistromatics.
Information about PHZIO may be found at www.phzio.com
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Dated:
August 18, 2020
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eWellness
Healthcare Corporation |
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By: |
/s/ Douglas MacLellan |
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Name: |
Douglas
MacLellan |
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Title: |
Chief
Executive Officer and Chairman |