Project Will Leverage Proven Power of
Individual Habit Change to Prevent, Slow and Reverse Chronic
Disease to Improve Health, Lower Costs and Close Gaps in
Care
TORONTO, Nov. 13,
2023 /CNW/ - Newtopia Inc. ("Newtopia" or the
"Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled
whole health platform creating sustainable healthy habits that
prevent, slow and reverse chronic disease, today announced the
launch of an innovative Health Coaching Project (the Project) in
partnership with a prominent philanthropic foundation, designed to
positively impact chronic disease burden on a regional basis in the
southeastern United States.
The Project is strategically designed as a community approach to
intervene in preventable chronic diseases by offering Newtopia's
habit change platform as a no-cost health benefit to eligible
participants. The Project will commence with patients of a large
primary care provider which has nearly 20 locations in two
counties. Such patients will be identified through biometric
and diagnostic data indicating they suffer from type-2 diabetes or
hypertension and have a corresponding BMI greater than 30. The
Project is positioned to expand to other providers and employers in
the region, home to a population of more than 500,000 people, and
offers a blueprint for the deployment of scalable, value-based
primary prevention efforts across the
United States.
Throughout the Project, participants will work 1:1 with a
Newtopia health coach (known as an "Inspirator") to create
sustainable healthy habits proven to prevent, slow, and reverse
chronic disease. The Project, which will run for 12 months once
enrollment is capped, aims to increase patient activation and
employee engagement, improve health and reduce costs of care while
simultaneously increasing desired utilization by closing gaps in
care.
Project evaluation will begin with a preliminary read at 6
months, with a final assessment upon the Project's
conclusion. Metrics include participant engagement, physical
health & emotional/mental health outcomes and
satisfaction scores.
"We're deeply honored by the opportunity to collaborate on this
landmark primary-prevention Project to help alleviate the burden of
chronic disease," said Jeff Ruby,
Founder and CEO of Newtopia. "Based on our evidence-based
efficacy and proven, peer-reviewed results, we anticipate that our
personalized, value-based habit change approach will go a long way
in helping alleviate the significant personal and economic burden
of chronic disease in the region."
Project success is anticipated to lead to expansion among large,
national employers as well as other major providers and other
risk-bearing entities responsible for the health of millions of
individuals.
About Newtopia
Newtopia is a personalized whole health platform helping people
create positive lifelong habits that prevent, slow, or reverse
chronic disease while reducing healthcare costs. The platform
leverages genetic, social and behavioral insights to create
individualized prevention programs with a focus on metabolic
disease, diabetes, mental health challenges, hypertension, weight
management and musculoskeletal disorders. 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, LinkedIn or X.
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. These forward-looking statements include, among other
things, the Exchange and senior secured lender approval of the
Offering, the use of proceeds from the Offering, statements
relating to Newtopia's business plans and outlook. 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 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.
SOURCE Newtopia Inc.