Reliq Health Technologies, Inc. Announces Five New Contracts in Texas
October 15 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, today announced that it
has signed contracts with five new Home Health Agencies in
Texas. All five new clients will go live on Reliq’s iUGO CARE
platform this month.
“Reliq’s local Sales and Implementations team in
Texas has successfully signed another five new clients,” said Dr.
Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Thanks
to their hard work, experience in the space and extensive clinical
network, the Texas team expects to have onboarded over 30 clients
by the end of this calendar year. Now that this team is in
place and consistently producing impressive results, the Company
will be focusing more of our attention on the other significant
opportunities in our pipeline, replicating the business model we
have validated in Texas in other States across the US. The US
Sales team for Reliq now includes senior Sales professionals in
Arizona, California, Florida, New Jersey, Pennsylvania, and Texas,
and the near-term opportunities in the US Sales pipeline span over
15 States. Based on the current contracts, Reliq expects to
achieve cash flow positive this quarter. For clarity, the
Company is not currently contemplating an equity raise and does not
anticipate needing to raise outside capital in order to reach
profitability in 2020.”
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.
ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director
For further information please contact:Investor
Relations at ir@reliqhealth.com
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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.
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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
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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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