Reliq Health Technologies Issues Statement Regarding Ongoing Litigation
February 26 2019 - 7:15PM
Reliq Health Technologies Inc. (TSXV:RHT or
OTCQB:RQHTF) (“
Reliq” or the
“
Company”), a technology company that develops
innovative mobile health (mHealth) and telemedicine solutions for
the community-based healthcare market, today issued the following
statement.
On January 2019, Reliq Health Technologies Inc.
served actions against Stephen Samson, Boby Deveros, Claudio
Damaso, George Rayner, Shelby Neal, Accuhealth Technologies LLC,
Evelyn Technologies LLC, and Evelyn Technologies Canada Inc. in the
Ontario Superior Court of Justice, the Superior Court of the State
of Delaware, and another court (under seal). The defendants are
former employees of the Company as well as various individuals
associated with the former employees (altogether, the
“Individuals”). The Company’s claims pertain to, among other
things, misrepresentation, fraudulent conduct and inducing breach
of contract by the Individuals, relating to events that resulted in
the restatement of the Company’s financial statements on October
16, 2019. The defendants in one of the actions have filed a motion
to dismiss based on Anti-SLAPP legislation. The Company believes
that the motion to dismiss is without merit, and intends to both
vigorously defend the motion and continue to prosecute its claims
against all defendants.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
ABOUT RELIQ HEALTH
Reliq Health Technologies is a healthcare
technology company that specializes in developing innovative
software solutions for the Community Care market. Reliq’s powerful
iUGO Care platform supports care coordination and community-based
healthcare. The iUGO Care platform integrates wearables, sensors,
voice technology and intuitive mobile apps and desktop user
interfaces for patients, clinicians and healthcare
administrators. iUGO Care allows complex patients to receive
high quality care at home, improving health outcomes, enhancing
quality of life for patients and families and reducing the cost of
care delivery. iUGO Care provides real-time access to remote
patient monitoring data, allowing for timely interventions by the
care team to prevent costly hospital readmissions and ER visits.
Reliq Health Technologies trades on the TSX Venture under the
symbol RHT and on the OTCQB as RQHTF.
For further information please contact:
Investor Relations at ir@reliqhealth.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward
Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not
historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts,
projections, objectives, assumptions, expectations or beliefs of
future performance, are "forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. does not
intend and does not assume any obligation, to update these
forward-looking statements except as required by law. These
forward-looking statements involve risks and uncertainties relating
to, among other things, technology development and marketing
activities, the Company's historical experience with technology
development, uninsured risks. Actual results may differ materially
from those expressed or implied by such forward-looking
statements.
SOURCE: Reliq Health Technologies Inc.
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