TPT Global Tech Enters into an Agreement with Rennova Health to Create a New Public Company Mobile Telemedcine Joint Venture
Thursday, June 11, 2020 10:20 AM EDT
The Merger of Health Technology Solutions, Inc. and Advanced Molecular Services Group, Inc with TPTW's newly formed subsidiary will strengthen TPT Global Tech's Telemedicine Expansion
SAN DIEGO, CA / ACCESSWIRE / June 11, 2020 / TPT Global Tech, Inc. ("TPTW, the Company or TPT Global Tech") (OTCBB:TPTW) announced today it has entered into an agreement with Rennova Health, Inc. ("RNI or Rennova Health") to merge two RNI companies into a newly formed TPT subsidiary to be called "InnovoQor". The two RNI companies are Health Technology Solutions, Inc. and Advanced Molecular Services Group, Inc. The two RNI companies merging into the new InnovoQor begins the first stage development of TPT Global Tech's Mobile Telemedicine products and services capabilities which also will be offered inside TPTW's upcoming Mobile TV and Social Media platform. It is the intent of TPTW to assist InnovQor in being publicly traded as a vehicle for raising capital. Upon the merger, TPTW will become a minority interest owner in InnovoQor. Individuals can learn more about the Joint Venture in the Company's Form 8k filing on the transaction.
Rennova Health is a vertically integrated health care provider that owns and operates three hospitals and a physician's office in Tennessee and a rural clinic in Kentucky. RNI has developed a number of software products for the healthcare sector including lab ordering and reporting software, lab information services software and integration capabilities, electronic healthcare records software and has the ability to provide medical billing services and data analysis capabilities and dashboards for easy use by customers. RNI also owns technology for the interpretation of cancer diagnostics and pharmacogenomics.
"We are very much looking forward to working with RNI in creating a new joint venture in which both TPTW's strengths and that of RNI can be capitalized on. We strongly believe that Telemedicine is the way of the future especially in rural America and in less developed countries. We believe the transaction with RNI positions us to add a Telemedicine component to our upcoming Mobile TV and Social Media platform which we believe will truly be something special. As a New Generation Technology company it is important for TPT Global Tech to continue to diversify our portfolio of companies at the same time open up new markets and distribution channels to continue to expand our reach to deliver our Telecom, Media, Medical, SaaS and Smartphone technology platforms in the United States and Internationally. " said Stephen Thomas CEO
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