An interesting PR from Dec 16/2019 by eWellnes Healthcare Corp. https://www.proactiveinvestors.com/companies/news/909297/ewellness-healthcare-offers-optimistic-outlook-for-fiscal-2020-909297.html
eWellness Healthcare offers optimistic outlook for fiscal 2020
The digital physical therapy company projects it will bring in 30,000 new patients
and lodge gross sales of US$9 million in fiscal 2020 eWellness Healthcare Corp
eWellness bills itself as the first physical therapy telehealth company to provide PT assessments and treatments in real time via a smart phone
eWellness Healthcare Corp (OTCMKTS:EWLL) provided an optimistic forecast on Monday and the provider of digital physical therapy (PT) sessions now projects that it will bring in 30,000 new patients and gross sales of US$9 million in fiscal 2020. In the coming months, its business will be generated from 16 provider agreements, 14 of which are based in Canada with eWellness’s partner company Bistromatics Inc.
If business rolls in as expected, gross sales will equal about $9 million in fiscal 2020
for both Bistromatics and eWellness.
And thanks to its revenue-sharing agreement with Bistromatics
, eWellness expects to bring in net earnings of $1.5 million in fiscal 2020.
READ: eWellness Healthcare developing new rheumatoid arthritis treatment platform RA360
“This forecast is based on existing provider agreements only and does not include any additional prospective provider agreements in negotiation or that may be executed in 2020 and thereafter,” eWellness said in a statement.
The company’s forecast for fiscal 2021 looks even rosier as its utilization rate is set to climb from 0.5% (its expectation in fiscal 2020) to over 3% of an employee base of roughly 6 million individuals. In other news, eWellness plans to raise additional funds by offering up to 2 million units at an offering price of $25 per unit; each unit will be made up of one share of 13% cumulative perpetual preferred stock with a stated value of $25 per share; and five common share purchase warrants, which are exercisable for five years from the date of the closing of the registration statement.
Drilling down to the details, the first three years of dividends at 13% per year will be escrowed from the $25 offering price – at $9.75 per share- which will result in net proceeds to eWellness of $15.25 per share. Dividends will be paid monthly. Earlier this month on December 9, eWellness revealed that it will offer a 20% stock dividend.
Its distribution is set to be made on or around December 31. And in the wake of the dividend’s introduction, eWellness plans to apply to the Financial Industry Regulatory Authority (FINRA) to orchestrate a reverse split of its outstanding stock on a one for fifty basis.
Setting its sights on expansion, eWellness recently moved its offices to Fort Lauderdale, Florida from Culver City, California, in a bid to be closer to its customers. As a result, CEO Darwin Fogt and CFO David Markowski are now based in Fort Lauderdale, Florida. The company also boasts software development, system operations and marketing and sales offices in Ottawa, Canada.
eWellness bills itself as the first physical therapy telehealth company to provide PT assessments and treatments in real time via a smart phone or a laptop.
In addition to rolling out new treatments for PT and musculoskeletal diseases affecting the joints, bones and muscles, the company is developing a new rheumatoid arthritis treatment platform called RA 360, which is set to launch in the first quarter of 2020.
Digital PHZIO Treatment Platform is Exponentially Transferring PT Patients to Virtual Care
March 16, 2020 09:00 ET | Source: eWellness Healthcare Corp
eWellness Healthcare Corporation
PHZIO Treatment Platform is Exponentially Transferring PT Patients to Virtual Care
Ft. Lauderdale, Florida, March 16, 2020 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation (“eWellness”, “EWLL”, “the Company”), a provider of the state of the art PHZIO platform for the digital physical therapy (“PT”) and telehealth markets announced today that it has experienced a massive uptick in PHZIO treatments beginning last week due to patients seeking to significantly reduce the chance of exposure to the COVID-19. In an effort to train as many clinicians on the PHZIO platform to accommodate the increased demand from patients seeking online physical therapy care, daily group training sessions have been established.
See our new digital ad that started to run in selected markets over this past weekend.
Hello <provider name>,
Are your patients cancelling their appointments due to COVID-19 risk factors? Did you know that Phzio offers virtual care solutions to let you continue seeing patients?
Patients can interact with you online with an interactive video chat. You can prescribe and monitor their home exercises all from the convenience and safety of home.
Book yourself a group demo and training session today for just $49 USD per person and get your patients and practice back on track!
Book a Demo Today
*Providers who complete training will have unlimited free usage of the platform for 30 days and be eligible to receive patient referrals from our site.*
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eWellness Healthcare Corporation (OTCQB: EWLL) is the first physical therapy telehealth company to offer real-time distance monitored assessments and treatments. Our business model is to have large-scale employers use our MSK360 and/or our PHZIO platform as a fully PT monitored corporate musculoskeletal (“MSK”) wellness program. The Company’s MSK360 and PHZIO home physical therapy assessment and exercise platform has been designed to disrupt the $30 billion physical therapy market, the $4 billion MSK market and the $8 billion corporate wellness industry. PHZIO re-defines the way MSK physical therapy can be delivered. PHZIO is the first real-time remote monitored 1-to-many MSK physical therapy platform for home use.
For more information on eWellness Healthcare go to: http://www.ewellnesshealth.com/ http://phzio.com/ http://prehabpt.com/
EWLL TELE HEALTH Phzio VIRTUAL CARE VIDEOS
What is $EWLL Phzio Virtual Care ?
$EWLL Phzio Virtual Care Experience Video
COVID-19 $EWLL Phzio Virtual Care Treatment Video
President Trump Participates in Telehealth event[/color]
$EWLL CEO interview. Wants to establish Uber of physical*therapists