https://www.otcmarkets.com/stock/MMMM/security Latest News on Top:
Quad M Solutions and EdLogics Form Partnership to Engage & Empower Employees and https://stockhouse.com/news/press-releases/2020/07/23/quad-m-solutions-and-edlogics-form-partnership-to-engage-empower-employees-and
Create Innovative Health Insurance Offerings
EDGEWATER, NJ / ACCESSWIRE / July 23, 2020 / Quad M Solutions, Inc. (OTC PINK:MMMM) ("Quad M"), a public holding company that offers staffing services and employee benefits such as health plans, human resources (HR), and payroll services to small and mid-sized group employers, is pleased to announce a partnership with EdLogics, a digital health education and communications company focused on educating and helping consumers make better healthcare decisions. This partnership will increase business opportunities and add incremental revenue for both companies.
Quad M Solutions and EdLogics are dedicated to transforming the way small and mid-size businesses offer employee benefits and assist their covered lives in navigating an often complex healthcare system. The integration of both company's offerings provides a much needed solution and a differentiated offering to individuals and businesses.
EdLogics provides innovative education and empowers today's healthcare consumer. Through interactive health games, multimedia educational programs, creative gamification strategies, and rewards for educational achievement, EdLogics delivers a personalized and fun user experience that uniquely educates consumers on common and costly health conditions and the benefit resources that are available to them. EdLogics' powerful data-driven personalization engine enhances the user experience by recommending educational content and learning activities based on personal preferences, demographics, and medical history of the user. To date, over 99% of EdLogics users have shown significant documented increases in health knowledge and 81% report that they intend to change their behavior based on what they have learned.
Mr. Pat Dileo, Quad M Solutions' Chief Executive Officer, commented, "We believe EdLogics' digital health education and communications platform is a great fit for our self-funded health plans and other employee benefits. The content and experience that EdLogics has put together empowers consumers to improve utilization of their benefits and make better healthcare decisions. Their focus and success in engagement, personalization, and data analytics makes them an ideal partner. There are tremendous cross-over opportunities between our members and their community of users. We are confident this partnership will enable us to broaden our reach into new territories, industries, and customers - and add meaningful revenue."
EdLogics Founder and Chief Executive Officer, Thomas Chamberlain, PharmD, stated, "We recognize the uniqueness and high value-add of Quad M Solutions' self-funded health plans and view them as a game-changer for self-insured companies and the gig economy. We look forward to integrating our solutions and are excited about the opportunity to grow and cross-sell in these new markets."
EdLogics is a digital health education and communications company and innovator in game-based learning dedicated to transforming the way people learn about health. Through interactive health games, multimedia educational programs, creative gamification strategies, and rewards for educational achievement, EdLogics delivers a personalized user experience that uniquely educates consumers on common and costly health conditions, addresses the challenges of interacting with the healthcare system, and drives participation in other client-sponsored programs. By educating in fun and engaging ways, improving health literacy, and driving positive health behaviors, EdLogics empowers individuals to take greater responsibility for managing their health and become better informed healthcare decision-makers. The EdLogics Platform™ is utilized by a wide range of organizations including employers, health insurers, healthcare providers, academic institutions, and municipalities. For more information, visit www.edlogics.com.
About Quad M Solutions, Inc.
Quad M Solutions, Inc. (OTC PINK:MMMM), is a public holding company that offers staffing services and employee benefits such as self-funded health plans, HR-human resources, payroll services, retirement, supplemental and workers compensation insurance to small and mid-sized group employers. It has four subsidiaries, NuAxess 2, Inc., PrimeAxess, Inc., OpenAxess, Inc. and PrimeAxess 2, LLC.
NuAxess 2 is a full-service healthcare financial, employee benefits and self-insured insurance consulting company that provides comprehensive major medical self-insured value-based health coverage for group employers with 1 to 500 employees and their eligible dependents. Our proprietary offerings provide reduced premium cost savings compared to typical insured major medical health plans. NuAxess employer members have both choice and access to medical providers without network restrictions. Employees are able to manage their immediate and long-term healthcare needs through innovative wellness and prevention programs tied to financial incentives.
NuAxess gives employer members access to timely and reliable healthcare information through interactive member engagement programs, enabling them to manage and control their health decisions along with their doctors. NuAxess ‘Smart' Plans include no coinsurance, no medical copays, full transparency and unrestricted access to any doctor. Furthermore, the NuAxess Smart Plan has a unique dual deductible feature that includes a Health Savings Account. The Plan is supported by an extensive technology platform of strategic vender programs operating under a single source administration. The technology and these programs are available 24/7 365 to assist members in making healthcare-related decisions.
Included in the employee members' health plans are user friendly, best-in-class health products and services, offered via a menu-driven approach.
Our strategic partners bring comprehensive consumer-driven health and wellness focused services that are linked to our websites, mobile applications, wearable devices, remote monitoring, and other health-related tools, all of which broaden the value proposition offered to the employee.
NuAxess operates nationwide to meet the demand of the rapidly expanding market of small and mid-size group employers as well as the exploding essential worker "Gig Economy," this labor market is characterized by the prevalence of short-term contracts or freelance work, not permanent jobs.
Focused on Increasing Awareness and Enhancing Shareholder Value
EDGEWATER, NJ / ACCESSWIRE / July 14, 2020 / Quad M Solutions, Inc. (OTC PINK:MMMM) ("Quad M" or the "Company"), a public holding company that offers staffing services and employee benefits such as health plans, HR-human resources, and payroll services, to small and mid-sized group employers, announced today that it has retained ClearThink, a strategic advisory services firm, to implement a strategic investor relations program. ClearThink seeks to raise Quad M Solutions' visibility within the investment community by strengthening its relationships and increasing awareness with the goal of enhancing shareholder value.
"We are encouraged by our business progress and traction over the past several months and believe we are well positioned to penetrate market opportunities and for future revenue growth," said Mr. Pat Dileo, Quad M Solutions' Chief Executive Officer. "While we continue our focus on sales growth, we are also committed to improving our capital markets strategy, which includes a potential uplist to a major U.S. national exchange by early-2021. As we look to all of this positive momentum, the Board and management believed it was an appropriate time to retain a proactive strategic investor relations firm to help us reach new potential investors and effectively communicate our investment thesis. We are confident that throughout their national footprint, ClearThink will help us more effectively communicate our accelerated growth strategy, business objectives and corporate milestones to a wider audience of sophisticated investors."
ClearThink is a consulting firm known for its ability to connect underfollowed and undervalued emerging growth companies with sophisticated institutional investors, buy-side and sell-side analysts, retail brokerage firms and accredited individual investors. Leveraging decades of cumulative experience, ClearThink develops strategies to help clients effectively communicate with the investment community and works to increase their exposure through targeted outreach and transparent positioning. ClearThink helps public companies deliver the right message to the right audience. Over time, ClearThink helps its clients navigate up the Wall Street value chain and to help them secure a reasonable valuation by broadening their audience, expanding institutional ownership and ensuring clear, consistent communication with the public.
____________________________________________________________________________________________________________________________________________________________________________________________________________ https://www.globenewswire.com/news-release/2020/06/26/2054125/0/en/Quad-M-Solutions-Inc-OTC-MMMM-announces-that-its-convertible-debt-listed-in-the-10-Q-March-31-2020-filing-other-than-strategic-partners-has-been-converted.html Quad M Solutions, Inc. (OTC: MMMM) announces that its convertible debt listed in the 10 – Q March 31, 2020 filing other than strategic partners has been converted.
The Company foresees generating significant cash flow by late summer despite the Covid 19 pandemic and its associated shutting down of the American economy.
June 26, 2020 10:19 ET | Source: Quad M Solutions, Inc.
EDGEWATER, N.J., June 26, 2020 (GLOBE NEWSWIRE) -- The Company’s convertible debt as noted in the 10 -Q March 31, 2020 Balance Sheet of Quad M. Solutions Inc. (OTC: MMMM) has been converted into equity with the exception of select Company strategic partners. Pat Dileo CEO of MMMM said, “This debt conversion is a great achievement for the Company and relieves a significant overhang that has depressed our stock price.”
The Company is still projecting that its revenue and margin will grow despite the economic downturn and projects entering a sustained excess cash flow position starting late summer 2020. The Company intends to use a growing portion of that cash flow to repurchase and retire common shares in the open market should conditions warrant. The volatility of the market is unprecedented, and the Company will continue its drive to expand shareholder value.
Quad M Solutions Inc. OTC:(MMMM) Reports Record Quarterly Revenues of Approximately $5.0+ million for the second quarter ended
May 26, 2020, 2:49 PM EDT
Quad M Solutions Inc. OTC:(MMMM) Reports Record Quarterly Revenues of
Approximately $5.0+ million for the second quarter ended March 31, 2020
TOM'S RIVER, N.J., May 26, 2020 (GLOBE NEWSWIRE) -- Quad M Solutions Inc. (OTC
symbol – MMMM) reported record revenues approximately $5,100,000 for its
second fiscal quarter ended in March 31, 2020. The Company only commenced
actual operations of its staffing and benefits services business for small and
mid-size employers and the “gig” economy in November of 2019. As a result, the
Company believes that these results for Q2 2020 demonstrates its management’s
belief that the Company is rapidly achieving its business plan of being an
innovative staffing and benefits services company that offers employees
comprehensive major medical insurance benefits along with a full complement of
HR support at competitive costs, especially compared with more well
established old line staffing companies.
On April 6, 2020, the Company announced an important update on its progress of
technical connectivity and details about commencing the onboarding of
employees from its joint venture partner, Infiniti HR Inc., a leading PEO,
providing payroll, human resource consulting, risk management and other HR
services to businesses nationwide.
Despite the COVID-19 pandemic and national shut-down of businesses that
commenced in the U.S. in March 2020, the Company is continuing to make
substantial progress in meeting its anticipated level of revenues for its
fiscal year ending September 30, 2020. We are confident that as we enter our
fourth fiscal quarter commencing July 1, 2020 and especially during the first
quarter ending December 31, 2020, the Company should be generating staffing
revenue for at least 5,000 employees and depending on certain capital funding
plans the total number of employees receiving the Company’s comprehensive
major medical insurance benefits together with its full HR support at
competitive costs, could increase to more than 20,000 employees.
The Company believes that it will meet its anticipated growth schedule and
achieve the estimated level of 5000 employees receiving benefits, which will
result in the Company generating staffing revenue in excess of $5 million per
month with an estimated monthly operating profit of approximately $1 million.
Mr. Pat Dileo, our CEO, commented “We are extremely proud of the rapid growth
of our business and the success of our business model since mid-November 2019,
especially taking into consideration the pronouncements of the global pandemic
in March 2020. Our relatively small management team, which is expected to
increase during the remainder of 2020, has been undaunting and we look forward
to onboarding an increasing number of employees that shall need and use our
major medical insurance benefits and HR support products and services during
these difficult times. Notwithstanding some potential business slowdowns that
may be experienced by our JV business partners, Infiniti and others are
projecting business growth coming back as we open up the national economy
later this summer.”
Quad M Solutions, Inc. (OTC: MMMM) Signs Master Broker Agreement with Otegrity Inc.
June 19, 2020
Quad M Solutions Inc. Shareholder Letter by its CEO Pat Dileo Explaining the Economic Significance of Its Recent Joint Ventures PrimeAxess, Inc. and OpenAxess
Contract could add over 100,000 employees within the first 2 years
TOM'S RIVER, N.J., June 19, 2020 (GLOBE NEWSWIRE) -- Quad M Solutions, Inc. and Otegrity Inc. have signed a Master Broker Agreement.
Otegrity is a back-office solutions company that provides accounting, finance, insurance, payroll, Human Resources and staffing solutions to clients throughout the United States with a regional focus on the southeast, U.S. Otegrity Inc. provides unique solutions to the real estate broker, healthcare, and information technology industries, which are dominated by independent contractors and GIG economy workers. This is Quad M Solution’s ideal target market. Otegrity is a Managing General Agency (MGA) that has built a sales network that has access to 5 million employees and approximately 100,000 businesses. The Company has recently contracted with sales agencies/agents that sell various health indemnity insurance products. Alec Brophy, CEO of Otegrity Inc, said, “Quad M’s unique staffing solution that provides its employees with comprehensive major medical insurance via self-funding at rates up to 40% lower than what independent contractors and GIG economy workers currently pay for fully insured plans will be a game changer for our business. We believe we can add over 100,000 employees to Quad M’s staffing solution within two years.”
Pat Dileo, CEO of Quad M Solutions Inc. said, “The Otegrity contract is another milestone for the Company. If they achieve their internal goals using our proprietary solutions, we could add nearly $100 million of premium revenue per month with estimated earnings of $20 million/month. Most of these agents managed by Otegrity have not sold major medical self-funded health insurance plans previously. Many, if not most, of Otegrity agents address our target market of Independent Contractors, GIG economy workers and small businesses. These workers are the backbone of the U.S. economy and are deemed “Essential Workers” since the pandemic occurred. Otegrity combined with the successful migration of the Infiniti HR Inc. employees in our PrimeAxess, Inc. JV have positioned the company to achieve rapid revenue and earnings growth over the next several quarters and years. We are looking forward to supporting Otegrity’s sales efforts and believe it will aid in Quad M Solutions strong growth with superior value metrics, including achieving significant market share.”
Information on Forward Looking Statements
The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Quad M Solutions, in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.
For Further Information:
CEO, Chairman, Quad M Solutions, Inc.
The JV’s could lead to an earnings contribution in excess of $30,000,000, should full execution among all the parties occur
November 15, 2019 09:00 ET | Source: Quad M Solutions
TOM'S RIVER, N.J., Nov. 15, 2019 (GLOBE NEWSWIRE) --
The recent closing of two strategic joint ventures; (JV’s) PrimeAxess, Inc. and OpenAxess, gives our public holding company, Quad M Solutions, Inc., the ability to offer independent contractors, GIG economy workers, small group employers, and entrepreneurs proven quality health insurance and employee benefit options that offer partially self-funded comprehensive major medical health insurance under Federal ERISA law established in 1974, amended. Since nearly 90% of the nation’s largest employers utilize ERISA self-insurance plans, and nearly 15% of small group employers utilize self-funded insurance plans, they have successfully proven its effectiveness. It is time for entrepreneurs and GIG economy workers, who total nearly 60 million workers, to benefit from self-insurance (self-funded) plan options, too. These plans are designed as cost-effective comprehensive major medical plans to replace fully insured health insurance plan programs. These fully insured plans have seen their premium costs double in the last decade, raising plan deductibles while limiting and reducing individual benefits. The US Labor Department statistics show that employee wages have not kept pace with any of these rate increases and barely keep pace with taxes and inflation.
Our program seeks to offer sustainable health insurance plans that provide financial rewards to the insured members for their personal efforts in prevention, wellness, and health outcomes, in contrast to others that penalize all members alike, regardless of their own health conditions. The immediate cost savings have proven to range from a low of 5% to 10% to as much as 40% to 50% over fully insured health plans. Savings depend on the data received to underwrite the members.
PrimeAxess Inc. JV ownership is 51% owned by NuAxess 2, Inc., a wholly owned subsidiary of Quad M Solutions, Inc. and 49% owned by Infiniti HR Inc. Infiniti HR is one of the US’s leading Professional Employer Organizations (PEO) that services over 50,000 franchisor related employees as their national PEO provider. Over the past decade, Infiniti HR has witnessed the growing benefit-cost increases experienced by their Franchisor clients while acting as their PEO. These increased costs are also felt by their client’s franchisee customers.
The franchise business is a competitive marketplace and a driving factor for the rise of the GIG economy. These unsustainable benefit cost increases have a negative impact on many franchisors’ competitiveness. The PrimeAxess health insurance solutions significantly drives down benefit costs and, in many cases, may cause greater use of third party PEO services, as well. The employer of record option, provided by PrimeAxess, affords the franchise owner a sustainable health insurance and benefit solution that permits the business owner to concentrate on their operations, retain and recruit new employees while remaining highly competitive. Infiniti HR Inc. estimates there are over 500,000 franchisee employees working for their franchisor clients that can now access the PrimeAxess solution. The PrimeAxess solution should produce significantly better ROI for the franchise investment using PrimeAxess solutions. In fact, the CEO of Infiniti HR and PrimeAxess, Scott Smrkovski and Pat Dileo, CEO of NuAxess 2, Inc. will analyze the over 50,000 franchisor employee lives under contract with Infiniti HR PEO and offer to incorporate our self-funded cost savings through the NuAxess Smart Plan. This will exemplify the cost savings to their franchisee clients.
Quad M Solutions, Inc., through its subsidiary NuAxess 2, Inc., recently purchased a controlling interest in a staffing company called Valleybrook Consulting, LLC and will file to do business as (DBA) OpenAxess. OpenAxess uses a partially self-funded health plan program. As the plan administrator, it affords its member employees' health insurance benefits and can contract PEO services through Infiniti HR. OpenAxess will add new sales channels and begin various marketing campaigns focusing on small group employers, and the GIG economy market. We anticipate reaching 1,000 lives by the end of 2019 and be on track to reach between 10,000 to 40,000 employees by the end of 2020.
It is important to note that Quad M Solutions will consolidate its revenue from these JV’s into Quad M Solutions’ income statement. To help you understand how these impending employee lives impacts our consolidated revenue and gross income/earnings; assume each life will generate a contribution margin (less sales commission) of $45 per person/per month. This means each 1,000 lives will add $45,000 of contribution margin each month or $540,000/yr. If we achieve 20,000 total lives by the end of 2020, then our contribution margin run rate entering 2021 will be $900,000/month or over $10,000,000/year. If we are successful in migrating all 50,000 Infiniti HR lives in the near future, it would mean our achieving a contribution margin of $2,250,000/month or $27 million/year. The combined run rate amounts could be in excess of $35,000,000. Any penetration of the PEO franchisee lives would magnify these results.
Health Saving Accounts (HSA) are a key part of the NuAxess Smart Plan solution. It is alarming to note that, after 15 years, so few employees fund their health saving accounts. Since 2014, most employee health plans are qualified high-deductible HSA plans, and a one-time tax-free contribution is allowed from an IRA account into the HSA, which has a unique feature that allows any third-party tax-free contributions into an employee-owned HSA up to the annual contribution limits. This feature removes the burden from both the employer and the employee, and HSAs are the single best retirement plan resource ever given American workers by the IRS and Congress.
Traditionally, American workers have mostly used fully insured status quo health plans purchased from the same few insurance carriers for decades. Until Obamacare (the ‘Affordable Care Act’ - ACA) came along in 2010, there was no impetus for innovation and disruption of the status quo health insurance carriers.
By 2014, when the ACA was mandated, many workers’ health plans qualified as HSA plans, and yet only a small percentage of workers funded their HSA. Funded with pre-tax dollars, the HSA is used for medical purposes with no tax penalties. Funds roll over forever, and one of HSA’s unique features allows third-party tax-free contributions into an employee-owned HSA up to the annual contribution limits.
As it relates to business opportunities in the healthcare marketplace today, none is bigger and more important than the one we have to provide independent contractors and GIG economy workers our health plan benefits program, As CEO, I can state that we have built an effective and scalable eco-system for our company to compete and thrive in the self-funding insurance market. We are perfectly positioned to accomplish our goals and objectives garnering a market share in selected strategic markets.
About INFINITI HR
INFINITI HR is a leading Professional Employer Organization (PEO). The INFINITI HR PEO platform provides full regulatory compliance management, on-demand HR guidance, real-time payroll /tax filing, POS integration, and access into industry leading True-Group Master Policies for workers’ compensation, employment practices liability insurance, and other operational business coverages.
In partnership with INFINITI HR, clients are better positioned to navigate increasingly complex employment-related matters and meet federal and statutory obligations as it relates to human resource administration and compliance, payroll and tax processing, employee benefits, risk management, and safety compliance. INFINITI HR provides multiple service platforms including a professional employer organization (PEO) deliverable as well as administrative service support (ASO) and stand-alone payroll and insurance solutions.
INFINITI HR delivers its solution through an integrated combination of robust cloud technology and an active client relationship that emphasizes high-tech and high-touch interaction. The INFINITI HR Cloud is a 100% web based, easy to use, complete client-centric HRIS platform that couples with INFINITI HR’s expert services, all designed to simplify HR and let our clients focus on growth.
INFINITI HR is an IRS certified PEO, a seven time member of the Inc. 5000 Hall of Fame, and a 2019 Top Workplace in Washington DC by The Washington Post. HR outsourcing solutions nearing $1B in current activity are delivered to a diverse cohort of businesses throughout all 50 states.
About Quad M Solutions, Inc.
Quad M Solutions, Inc., (OTCBB Symbol – MMMM), is a reporting public holding company that collaborates with two wholly owned subsidiaries Quad M Staffing and NuAxess 2, Inc. in providing sustainable solutions for both the millions of small to medium sized group employers and entrepreneurs and independent contractors in the Gig Economy, all of whom are seeking affordable and sustainable health insurance plans, employee benefits, and retirement plans utilizing health saving accounts (HSA).
Using total transparency, Quad M has developed a proprietary eco-system of products and services whereby the patient-doctor relationship is centric to achieving better outcomes through value-based health plans. In a status-quo non-competitive insurance industry monopolistic environment, Quad M has assumed a leadership role in bringing about true innovation to the consumer-driven health care industry.
GREAT SHARE STRUCTURE AND SUPER LOW MARKET CAP AND CURRENT QUAD M SOLUTIONS POWER POINT PRESENTATION LINK; https://www.sec.gov/Archives/edgar/data/66600/000147793220000787/mmmm_ex991.htm
Source: OCEANS 9