Update for CareClix stockholders:
Once again, Charles Scott is about to finalize a new sale of the company. See below. The same ploy he used last time when we were gaining traction in filing a suit against them. That time, the shareholders involved opted to stop our legal proceedings and put their faith in the LFER merger. He probably thinks that strategy will work again. I have indications that make me believe the company they are" selling to" is a company they themselves created. I may be wrong. Regardless, this time, we are farther along and we are resolved to keep going, regardless of any sale or merger. There are no guarantees, in any lawsuit, who will win, but we believe we have a case, and not just against the company. I will not post publicly our strategy or how far we have gotten, but if you have any interest in joining us, please give me a call. 765) 661-9983. Also, please pass this on to any shareholders you know who no longer reads this board.
Pamela
XSOVT BRANDS, INC (XSVT) ANNOUNCES AGREEMENT TO ACQUIRE TELEMEDICINE GROUP
February 28, 2023. Melbourne, FL. Xsovt Brands, Inc. (OTC Markets Pink- XSVT) announces that it has entered into a Stock Purchase Agreement with Solei Liquidation Trust, a Florida trust, to acquire all of the outstanding equity of Virtual Health Holdings, Inc., a Florida corporation, in a stock for stock exchange. As a result of this acquisition, which is expected to close by March 8, 2023, XSVT expects to request termination of its current shell company status as reported by OTC Markets and intends to apply for full SEC reporting status for the combined corporate group as soon as the pending audit of the CareClix Companies for the year ended December 31, 2022 is complete.
Virtual Health Holdings, Inc. is the parent company of four operating subsidiaries in the telemedicine markets: CareClix, Inc., CareClix Services, Inc., MyCareClix, Inc. d/b/a MyGuardianDoc™ and CareClix RPM, Inc., and manages CareClix Network, PA (together the CareClix Group).
XSVT is acquiring the CareClix Group in order to expand into the Telemedicine and Medical Software Services industry. The group of companies under the CareClix Group will operate as our wholly owned subsidiaries and include a telemedicine medical services company, a direct-to-consumer company, a software-as-a- platform company, and an RPM (remote patient monitoring) company.
CARECLIX, INC.
CareClix Inc is a cloud-based enterprise telehealth software development company which develops and supports the CareClix® Anywhere Virtual Care Management Platform. CareClix Inc mission is to improve healthcare delivery through increased ease, interoperability, data management, and patient engagement. The CareClix® Anywhere Telemedicine platform was first developed in 2012 by practicing physicians; and development continues to be overseen by active licensed physicians. This differentiates CareClix® from its competitors. Our doctor focused approach drives our success in creating a suite of tools that improve care access, coordination, cost and quality. The CareClix® platform seamlessly and modularly integrates popular EHRs, claims systems, e-prescription, diagnostic laboratories, payer eligibility, medical devices and patient education. Currently the CareClix® virtual care platform has been recognized worldwide as one of the most complete telehealth platforms for medical service providers and has been nationally and internationally ranked by major organizations including KLAS. CareClix, Inc provides the technical platform for the CareClix Group and sells it as Software-as-Service globally.
CARECLIX SERVICES, INC.
CareClix Services, Inc is a virtual healthcare delivery company. CareClix Services Inc combines the CareClix software with our multinational, multispecialty medical network to offer virtual healthcare services to a wide variety of health care services such as insurers, employers, affinity groups, healthcare systems, provider groups and independent physicians. CareClix Services, Inc is a leader in custom multinational virtual medicine. Our customers mix-and-match from our portfolio of technologies, medical services, and integrations. CareClix® also matches the transparency to our customers or partner’s comfort level allowing them to seamlessly grow their practice, their brand, and their revenue. CareClix Services is trusted by some of the best names in healthcare with more than 20 million individuals in the U.S. and over 35 other countries having access to CareClix' platform or services. Medical services are provided by our affiliate medical group CareClix Network PA. CareClix Network PA is a well-established network of primary care and specialist physicians, and hospitals – including mental health – both in the US and internationally.
MYCARECLIX, INC.
My CareClix, Inc operates as a direct-to-consumer healthcare delivery company providing affordable care with concentration on quality-of-care, patient safety and healthcare equity. MyCareClix operates as a subscription only program and has launched under the brand MyGuardianDoc™. Subscribers of MyGuardianDoc™ receive access to 24/7 on demand urgent care services, virtual primary care services, second opinion services, mental health, and medical guidance through CareClix’’ provider network and other outsourced healthcare vendors and suppliers. Subscribers also receive access to prescription discounts and in-home laboratory diagnostic testing for everyone residing in their household at wholesale pricing. For a small monthly subscription fee, consumers in the US can have access to these services. The company believes that MyGuardianDoc™ can help narrow the healthcare equity gap for our Subscribers and improve patient safety by providing an expert medical chaperone and other medical concierge type services under a simple, affordable and convenient model. MyCareClix has also formed a Patient Safety and Care Equity Council whose purpose is to help inform and advise MyGuardianDoc™ providers and patients on how everyday cultural and societal differences may irrevocably affect health outcomes. Each member of a MyGuardianDoc™ Subscriber’s households has unlimited access to licensed providers who are trained and expected to be sensitive and respectful of cultural, racial, and societal differences.
CARECLIX RPM, INC.
CareClix RPM, Inc will develop and support technologies and services related to expanding the reach of medical services through Remote Patient Monitoring and Remote Therapeutic Monitoring. CareClix RPM will distribute and monitor FDA approved healthcare devices for remote patient monitoring, remote therapeutic monitoring, and chronic care management. Utilizing the CareClix platform to track and report monitored patient data, CareClix RPM, Inc will create turnkey solutions for providers seeking to start or expand their remote patient monitoring, data integration, remote therapeutic monitoring, or chronic care management programs. CareClix RPM will procure and distribute devices and offer a multi-lingual patient engagement team with qualified medical oversight and thorough reporting for billing and care plan administration.
CARECLIX NETWORK PA is a Florida professional medical association affiliated with CareClix, Inc., which has contracted with medical professionals nationwide and globally to provide virtual healthcare consultations to patients of the CareClix Companies.
In the pending acquisition, XSVT will issue unregistered common shares to the Solei Liquidating Trust, which as a result will become the majority common shareholder of XSVT. As previously reported, Charles O. Scott, the Trustee of the Solei Liquidating Trust, acquired voting control of XSVT by the private acquisition of Series A, Series B and Series C Preferred stock of XSVT, and is also current Chairman and CEO of XSVT. The Solei Liquidating Trust was created as of January 1, 2022 when Solei Services, Inc. (a/k/a CareClix Holdings, Inc.) (Solei), agreed to sell the CareClix Companies in a stock for stock exchange transaction to an unrelated company and adopted a plan of complete liquidation, pending closing of that exchange transaction. On failure of that proposed transaction in Fall 2022, the CareClix Companies and other assets and liabilities of Solei were conveyed to the Trust in complete liquidation for eventual distribution to the former shareholders and creditors of Solei, and Solei has been liquidated and dissolved. It is the intent of the Trust to distribute all of the shares of XSVT received in the acquisition exchange to the former Solei shareholders in proportion to their holdings in Solei, and the remaining liabilities of Solei held by the Trust will be assumed by Virtual Health Holdings. That distribution will be undertaken as soon as the shares of XSVT held by
Forward-Looking Statements
Statements included in this release are forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
About XSVT
Xsovt Brands, Inc. Inc is an alternative reporting, public holding company incorporated in Nevada, and with its principal offices now located in Melbourne, Florida. It is currently a shell company, but will enter the health and wellness field with its primary focus on telemedicine.
Contact
Xsovt Brands, Inc.
1270 N. Wickham Rd., Suite 13, No. 1019
Melbourne, FL 32935
(321) 306-0306
