NEWS RELEASE NEWS RELEASE NEWS RELEASE
CONTACT FOR MORE INFORMATION:
Mike Williams, EVP
480-759-9400
FOR IMMEDIATE RELEASE – October 6, 2016
ORHUB EXECUTES AN MOU WITH MAJOR HOSPITAL TO TRANSFORM THE BUSINESS OF SURGERY THROUGH ORHUB’S UNIVERSAL PLATFORM
ORHUB disrupts traditional industry processes, decisions & behaviors by replacing legacy systems with a universal cloud-based platform that collects hard to capture surgical and medical device data at the point of care focused on dramatically reducing costs and creating the world's largest source of intelligent surgical information.
Phoenix, Arizona, October 6, 2016 -- (OTC Markets News Service). ORhub, Inc. a Nevada corporation, (the “Company”) (MREG.OTC-PK) announced today that it has entered into a Memorandum of Understanding (“MOU”) with a major regional California based hospital. The MOU reconfirms the continued use of the Company’s cloud based productivity software in the
hospital’s Operating Rooms.
The MOU will initially cover a period of three years with automatic one year extensions. In accordance with the MOU, the Company will be implementing the production version of its productivity software.
ORhub’s CEO, Colt Melby said “This MOU recognizes that our intensive development over more than nine months has been successful. We have developed our platform by using it during more than 150 surgeries. The MOU just formalizes the deployment of our production software.
We estimate that each year more than 7 million implant related surgeries are performed in US hospitals, so this is a major milestone for entering this target market.”
About the Company. More information on ORhub’s business, product and the management team can be found on the Company’s updated website at www.orhub.com. The Company currently trades on the Pink Sheets-Current Information Tier under the symbol MREG.
Information on the Company, including unaudited financial information is available at OTC Markets under the symbol MREG. The Company is actively pursuing an audit for its fiscal year ending June 30, 2016 and will be changing its trading symbol as soon as its name change has regulatory approval.
ORhub’s office is located at 9830 S. 51st Street, Suite A-128, Phoenix, AZ 85044. The Company expects to continue to publish and post its financial information for investors on its web site.
Forward Looking Statements. Certain matters discussed within this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new business and limited capital.
