HOUSTON, TX -- May 10, 2017 -- InvestorsHub NewsWire -- Quantum Medical Transport, Inc. (DRWN: OTCBB)
Quantum Medical Transport Shareholders Letter
We want to thank you for being shareholders in Quantum Medical Transport and supporting our growth initiatives. We want to share our vision going forward to establish shareholder value and confidence in our company. We have received many comments via phone calls and emails regarding the direction of the company and share restructuring going forward. We have given consideration to shareholders interest. The company has decided not to do a reverse split. We want to find a way to balance shareholders interest with company needs.
We expect to have our audit complete in the month of May, 2017. We will then seek tier up listing on OTC Markets to OTC Pink Current as audited financials will be available. We cannot seek OTCQB tier without the stock price being at least .01. We have considered a stock repurchase plan however, it would require a costly open market repurchase and that would not be a guarantee that the price will reach .01. Our shareholders have spoken and we listened. We believe over time with growth in market share and increased revenue growth the stock will be rewarded. Many municipalities have outsourced there emergency ambulance services to private companies like ours to cut cost. Healthcare reform and a growing number of individuals age 65 and older require ambulance services, thus driving demand and growth in our industry. We believe the industry is ripe for consolidation to drive economies of scale and efficiencies. We have to run fast to grab market share and establish our footprint as a large player in the industry, says, Ricky Bernard, CEO.
The global healthcare transportation services market is projected to reach $93.2 billion by 2021; the market will exhibit a single digit growth during the forecast period. Source-Industry ARC Analysis and Expert Insights.
About Quantum Medical Transport
QUANTUM MEDICAL TRANSPORT, INC. is a non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in a non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care. This is imperative as some patients depend on the NEMT Services for all their medical transportation needs.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as believes, expects, may, will, intends, plans, should, seeks, pro forma, anticipates, estimates, continues, or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under Risk Factors and Our Business. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Investor Relations: Ricky Bernard