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Monday, 03/23/2020 7:04:25 AM

Monday, March 23, 2020 7:04:25 AM

Post# of 1416
Parallax Announces Immediate Availability Point-of-Care COVID-19 Diagnostic Testing Kits, Personal Protection Equipment (PPE) and Medical Supplies

March 23, 2020 07:00 ET | Source: Parallax Health Sciences, Inc.

Company Benefits from Unique Chinese, Hong Kong, Macau Diagnostic Patent Rights, and Closes Deal to Help America Now

NEW YORK, NY, March 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Parallax Health Sciences, Inc. (OTCQB: PRLX) (''Parallax'' or the ''Company''), an outcome-driven connected healthcare company, today announced that a wholly-owned subsidiary, Parallax Diagnostics, Inc., has signed a contract with a medical distribution company in China owned by a prominent businessman well-known to the Company. Beginning today, the Company is accepting orders for and has immediate availability of the Coronavirus, (“COVID-19”) Point-of-Care Diagnostics Kits for American medical practices, hospitals, nursing operations, emergency centers, and nursing homes. In response to the present national market demand related to the COVID-19 pandemic the Company will also be providing immediate availability and access to Personal Protection Equipment, (“PPE”) including, but not limited to, FDA approved medical masks, protective sterile gowns, eye protecting goggles, face shields, ventilators, and other medical grade equipment. Parallax is also providing free downloads of its patented Good Health Outcomes Remote Patient Monitoring, (“RPM”) platform that enables comprehensive telehealth capabilities.

The Company has created a Government and Medical Practice website to process orders immediately. It has access to large inventories of all the available products and is offering the products in all fifty U.S. states and all U.S. territories from the Company’s website located at www.goodhealthoutcomes.com.

Nathaniel Bradley, President of Parallax Health Management, stated, “Our Good Health Outcomes remote patient monitoring application is the only system that has our patented Data-Driven Outcome and FotoDigm® technology.” Mr. Bradley continued, “these capabilities allow us to capture in real-time the test results achieved from the test kits we are offering through this partnership today. Further, our platform enables care providers to communicate with patients remotely and conserve their use of PPE and serve the communities of the U.S. remotely, leveraging encrypted and Health Insurance Portability and Accountability Act, (“HIPAA”) compliant video, audio and data communications.”

"While our relationship with these suppliers in China formulate into a much more meaningful and robust partnership near-term, our long-term goals remain intact related to our patented diagnostics portfolio and our ultimate distribution of industry leading handheld point-of-care diagnostics,” stated Paul Arena, Chief Executive Officer of Parallax Health Sciences, Inc. Mr. Arena added, “The deployment of lateral flow-through point-of-care testing kits combined with our Good Health Outcomes Remote Patient Monitoring technology was a natural and expedient way for us to begin. We were also fortunate to have the U.S. Federal Government lift sanctions and tariffs on medical products from China that opened up this opportunity, while we work out the bigger relationship, and for Parallax to immediately provide a solution to fill the void of overwhelming demand related to Personal Protective Equipment currently being experienced throughout the entire American medical system. We are committed to keeping the price fixed and as low as possible for U.S. Medical Companies that purchase from us and we are managing through a number of significant initial orders from New York, California, Arizona, and other states. We are focused on helping our medical system recover fully and for us all to get back to the important work that we all do.”

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