Life On Earth, Inc. Plans to Acquire The CareClix Holdings, Inc. Group of Companies
November 17 2021 - 3:29PM
InvestorsHub NewsWire
Life On Earth,
Inc. Plans to Acquire The CareClix Holdings, Inc. Group of
Companies
Company Signs Binding Agreement And Expects A
Closing Date By Next Month
New York, NY -- November 17, 2021 -- InvestorsHub NewsWire -- Life
on Earth Inc, (OTC
PINK: LFER) ("LFER" or "The Company"), a technology and
software company currently in the business of Internet of Things
(IoT) and Cloud based solutions, has entered into a binding Letter
of Intent toIntent to acquire the CareClix group of companies
from Solei Systems, Inc. (OTC:
SOLI) to expand the Company's business into the
Telemedicine and Medical Software Services industry. The CareClix
group of companies will be acquired as wholly owned subsidiaries.
The CareClix subsidiaries being acquired by LFER are comprised of
the CareClix B-to-C division, its B-to-B division, the software
development division, and the RPM (remote patient monitoring)
division. More detailed information will follow regarding
theregarding the different operating entities and their
functions. The Company expects the acquisition to be
finalized after the final due diligence process is completed, with
the execution of a Stock Purchase Agreement on or before December
17, 2021, and the closing of the transaction on or before December
31, 2021.
Mahmood Khan, LFER CEO added "The Telemedicine industry has emerged
as one of the most effective ways to serve the needs of doctors and
patients and delivery services while keeping a safe distance from
exposure. Telemedicine is here to stay and growing fast and is
being embraced by Insurance companies, corporations, individuals
and doctors and medical staff." In addition, he added, "When we
were presented with this opportunity, we realized, after careful
vetting and examination, that we could enhance our overall
technical and software strategy by delivering safe, secure, and
effective medical services in a compliant cloud-based system that
raises business productivity and innovation while ensuring data is
secured from hackers."
Charles Scott, CareClix Holdings, Inc, Chairman and CEO,
added "The synergies from this transaction between
CareClix and Life on Earth are remarkable. Our respective
management teams work well together with complementary skill sets
which should serve the company well going forward. Our loyal
shareholders are the primary beneficiaries of this transaction, and
we look forward to our shareholders having a public market for
their shares with a company and team with a proven record of
compliance."
About Life on
Earth Inc.
Life on Earth, Inc. (OTC
Pink: LFER) is a cloud enterprise software developer and a
provider that enables rapid innovation that keeps the enterprise
operations safe, compliant and manageable. The products were
designed to help organizations innovate and modernize legacy
systems while minimizing cost and risk of business disruptions and
ensure regulatory compliance. For more information, please visit
our corporate website - www.lifeonearthinc.com Investors and corporate inquiries, please
contact: info@lifeonearthinc.com | (646) 844-9897
About CareClix Holdings, Inc.
CareClix Holdings, Inc., formerly Solei
Systems Inc. (OTC:
SOLI), is a leading virtual telehealth platform. The company,
through its multiple operating subsidiaries, provides software
applications coupled with medical services enabling patients to
receive care anytime at anyplace. CareClix' suite of services is
transforming the way hospitals, doctors, and clinical care
providers can interact with an increasing number of patients.
CareClix has an established track record of success partnering with
organizations and customers and millions of individuals in the U.S.
and in over 60 countries who are currently utilizing CareClix'
services. You may learn more about CareClix by
visiting: www.careclix.com.
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Inc.'s future revenues, financial performance or stock price. More
information about the potential factors that could affect the
business and financial results is and will be included in Life On
Earth, Inc.'s filings with the Securities and Exchange Commission
at www.sec.gov.