Building on 2021 success, Newtopia's expanded
rollout will propel growth as it will be larger and launch
six-months earlier in 2022 than the prior year
TORONTO, Jan. 18, 2022 /CNW/ - Newtopia Inc.
("Newtopia" or the "Company") (TSXV: NEWU)
(OTCQB: NEWUF), a tech-enabled habit change provider focused on
preventing, slowing and reversing chronic disease,
today announced that it is launching an expanded rollout with
an existing Fortune-50 Health Services client in Q1.
![Newtopia logo (CNW Group/Newtopia Inc.) Newtopia logo (CNW Group/Newtopia Inc.)](https://mma.prnewswire.com/media/1727357/Newtopia_Inc__Newtopia_Expands_Relationship_with_Fortune_50_Heal.jpg)
"We are thrilled that our Fortune-50 Health Services client has
encouraged Newtopia to capitalize on the 2021 momentum by
introducing a larger rollout to their employee population earlier
in the year so that we can address the significant mental and
physical health risks within their population as soon as possible,"
said Jeff Ruby, Founder and CEO of Newtopia. "As
a result, we expect a boost in welcome kit revenue in Q1 of this
year followed by increases in our recurring subscription fee base
throughout the year, providing solid organic growth for the
business. This expansion opportunity not only recognizes our mutual
enthusiasm for the industry-leading levels of engagement achieved
during 2021, but also the increased size and earlier timing of the
expanded rollout will help propel Newtopia's growth."
Mr. Ruby continued, "The two key questions on the minds of our
clients to evaluate success and determine expansion are: (1) do
employees like and engage in the experience; and (2) are there
outcomes to demonstrate that it works? I'm delighted that we've
been able to clearly demonstrate success on both fronts. Our client
is clearly seeing the kind of outcomes that are making them want to
expand, and we will be providing 12-month data points in the coming
months. Regarding engagement, we're very grateful for feedback from
our client's participants, like Felicia, who shared that, 'Newtopia
has changed my life with simple and easy small changes with big
results.' That enthusiasm translated into high levels of monthly
engagement averaging 81% over six months, with 88% of participants
indicating they would highly recommend Newtopia to
colleagues.
"As to demonstrable clinical outcomes, program results to-date
with this client are replicating the outcomes from Newtopia's peer
reviewed randomized control trial funded by Aetna and further
confirm the industry leading risk reduction and cost savings
efficacy of Newtopia's habit change outcomes. Since we focus on
whole-person health, it's rewarding to see outcome data that
displays significant improvement in both the physical and mental
health of participants. We could not be prouder to deepen our
partnership with one of America's largest leading health innovators
on the front lines of the pandemic, thereby helping healthcare
heroes help themselves," concluded Mr. Ruby.
About Newtopia
Newtopia is a tech-enabled habit change provider focused on
disease prevention and reducing the cost of care for risk-bearing
entities like large, self-insured employers. As a provider of whole
person care, we prevent, slow and reverse the progression of
chronic disease while enriching mental health, resilience and
overall human performance. Newtopia's programs leverage genetic,
social and behavioral insights to create individualized prevention
programs with a focus on type-2 diabetes, heart disease, stroke and
weight. With a person-centered approach that combines virtual care,
digital tools, connected devices and actionable data science.
Newtopia delivers sustainable clinical and financial outcomes.
Newtopia serves some of the largest nationwide employers and health
plans and is currently listed in Canada on the Toronto Stock Exchange (TSXV:
NEWU) and is quoted in the US on the OTCQB® Venture Market (OTCQB:
NEWUF).
To learn more, visit newtopia.com, Facebook, LinkedIn or Twitter.
Forward Looking Statements
This news release contains forward-looking information and
forward-looking statements, within the meaning of applicable
Canadian securities legislation, and forward looking statements,
within the meaning of applicable United
States securities legislation (collectively,
"forward-looking statements"), which reflects management's
expectations regarding Newtopia's future growth, results from
operations (including, without limitation, future production and
capital expenditures), performance (both operational and financial)
and business prospects and opportunities. Wherever possible, words
such as "predicts", "projects", "targets", "plans", "expects",
"does not expect", "budget", "scheduled", "estimates", "forecasts",
"anticipate" or "does not anticipate", "believe", "intend" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative or grammatical variation thereof or
other variations thereof, or comparable terminology have been used
to identify forward-looking statements. All statements other than
statements of historical fact may be forward- looking information.
Such statements reflect Newtopia's current views and intentions
with respect to future events, based on information available to
Newtopia, and are subject to certain risks, uncertainties, and
assumptions. Material factors or assumptions were applied in
providing forward-looking information. While forward-looking
statements are based on data, assumptions and analyses that
Newtopia believes are reasonable under the circumstances, whether
actual results, performance or developments will meet Newtopia's
expectations and predictions depends on a number of risks and
uncertainties that could cause the actual results, performance and
financial condition of Newtopia to differ materially from its
expectations. Forward-looking statements are not a guarantee and
are based on a number of estimates and assumptions management
believes to be relevant and reasonable, whether actual results,
performance or developments will meet Newtopia's expectations and
predictions depends on a number of risks and uncertainties that
could cause the actual results, performance and financial condition
of Newtopia to differ materially from its expectations. Certain of
the "risk factors" that could cause actual results to differ
materially from Newtopia's forward-looking statements in this press
release include, without limitation: the termination of contracts
by clients, risks related to COVID-19 including various
recommendations, orders and measures of governmental authorities to
try to limit the pandemic, including travel restrictions, border
closures, non-essential business closures, quarantines,
self-isolations, shelters- in-place and social distancing,
disruptions to markets, economic activity, financing, supply chains
and sales channels, and a deterioration of general economic
conditions including a possible national or global recession; and
other general economic, market and business conditions and factors,
including the risk factors discussed or referred to in Newtopia's
disclosure documents, filed with the securities regulatory
authorities in certain provinces of Canada and available at
www.sedar.com including Newtopia's final long form prospectus
dated March 30, 2020.
Should any factor affect Newtopia's in an unexpected manner, or
should assumptions underlying the forward- looking information
prove incorrect, the actual results or events may differ materially
from the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, Newtopia does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release, and Newtopia undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Newtopia Inc.