Reliq Health Technologies, Inc. Announces Filing of Quarterly Financials and Provides Corporate Update
May 31 2019 - 7:00AM
Reliq Health Technologies Inc. (TSXV:RHT or
OTCQB:RQHTF) (“
Reliq” or the
“
Company”), a technology company focused on
developing innovative mobile health (mHealth) and telemedicine
solutions for Community-Based Healthcare, announced that it has
filed its quarterly financial statements for the quarter ending
March 31, 2019. The Company is also pleased to provide the
following brief update on operations.
Financial Statements and MD&A
The Company has filed its Unaudited Financial
Statements and Management’s Discussion and Analysis (MD&A) for
the three and nine months ended March 31, 2019. The Company’s
fiscal year end is June 30th. The quarterly statements are
accessible on SEDAR at www.sedar.com under Reliq’s profile.
New Client Contracts
Reliq is pleased to announce that it has signed
three new contracts with clients in Maryland, New Jersey and Texas.
The clients include a cardiology group, a family medicine practice
and a community care organization. All three clients will go
live on the iUGO Care platform in June, 2019.
Patient Enrollment
The Company onboarded over 900 new patients
between April 1 and May 30, 2019, as part of a gradual return to
onboarding. The gradual ramp up was necessitated by the
significant interruption to existing clients’ businesses during the
quarter ending March 31, 2019 caused by changes to reimbursement
policies for telemonitoring that were announced by Texas Medicaid
in January 2019 and then reversed in March 2019. The pace of
onboarding is expected to accelerate significantly beginning in
June 2019.
New Hires
The Company has added new Sales and Business
Development staff in Florida, Texas, New Jersey and
California. The new Sales team brings decades of experience
in senior Sales roles in the healthcare space to Reliq, and an
extensive network of prospective clients. The Company has
also hired a new Implementations team with relevant Clinical and
Operations expertise and a proven track record of onboarding
patients to novel healthcare software platforms.
Upcoming Shareholder Webinar and
Guidance
The Company is pleased to announce that it will
host a webinar for shareholders on June 27, 2019, during which
management will provide more detailed updates and guidance for
calendar year 2019. Login details will be provided the week
of June 17, 2019.
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. (the
"Company") 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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