Reliq Health Technologies, Inc. Provides Corporate Update
March 19 2020 - 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, would like to provide
shareholders with the following corporate update.
“The COVID-19 pandemic is obviously an
unprecedented event for Reliq as it is for every other business
worldwide,” said Dr. Lisa Crossley, CEO of Reliq Health
Technologies. “During this time of uncertainty we wanted to
let our shareholders know that we continue to provide the full
range of iUGO Care software solutions and services to our clients
remotely. In keeping with the CDC’s recommendations, many of
our clients are urgently moving to a virtual care model to reduce
the risk of virus transmission associated with in-office and
in-home visits. Our clients provide care to patients who are
at the highest risk for poor outcomes from COVID-19 infection –
elderly individuals with multiple underlying chronic conditions –
and we are responding to our customers’ urgent need to protect and
care for this vulnerable population remotely. Our new clients
in Florida (Comprehensive Partners and Direct Access at Home) and
Louisiana (Blum Telehealth) are onboarding patients to the iUGO
Care platform this month and have now requested that we accelerate
onboarding significantly relative to their original
schedules. In Texas, the Department of State Health Services
has issued guidance recommending that Home Health Care providers
conduct visits virtually wherever possible, and we are providing
our clients there with expanded features and support to meet these
evolving needs. Our clients are able to use the iUGO Care
platform to communicate virtually with their patients, monitor
patients’ existing chronic conditions, evaluate patients for
symptoms of COVID-19 infection (fever, cough, shortness of breath)
and document risk factors such as travel or exposure to anyone who
has tested positive for the virus. Our platform enables care
providers to remotely triage patients and determine who needs
further screening or emergency care, and to collect and transmit
critical information to public health units in their region.
The Company is able to provide all training, onboarding and support
services remotely. Further, since we have a substantial
inventory of biometric monitoring devices there are no supply chain
issues currently impacting or expected to impact deployments going
forward. This is an extraordinarily difficult time for high
risk patients and the clinicians who provide care to them, and we
are honoured to be able to contribute to the efforts to prevent and
protect.”
Reliq is also pleased to announce that the
Company has hired Mr. Matthew Lee as Reliq’s new Chief Financial
Officer. Mr. Lee has worked extensively with Canadian
companies doing business in the US, and his skill set and network
of US tax and accounting professionals will be invaluable to
support the anticipated rapid growth of Reliq’s US business.
Mr. Lee has experience in audit, finance and public company
financial reporting & operations management. He has
previously served as Chief Financial Officer for multiple TSX-V and
CSE listed companies, and holds a Chartered Professional Accountant
designation with a Bachelor of Commerce Degree from the University
of British Columbia.
The Company would like to thank outgoing Interim
CFO, Mr. Dong Shim, for his service and wish him well in his future
endeavors.
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. 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.
Learn more at https://www.reliqhealth.com/.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
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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