Hydreight Technologies Inc. (“
Hydreight” or
the
“Company”) (TSXV:NURS)(OTCQB:HYDTF)(FSE:S06) a
mobile clinical network and medical platform which enables
flexible, at-home medical services across 50 states, is pleased to
announce it continues to expanded its white label solution by
adding a new national wellness med spa franchise. The all-in-one
solution is designed to help brick-and-mortar locations provide
medical services to clients legally and in compliance with state
healthcare regulations.
Hydreight’s white label solution provides an
integrated, turnkey platform and the framework for business to
provide in-person medical services, supported by technology
infrastructure, connection to an independent doctors’ network, a
pharmacy network, and product distribution channel. The Company has
secured two national med spa partners with collectively almost 100
locations across the United States. Similar to its own technology
platform, Hydreight charges the franchises a licensing fee per
location to access its network, takes a percentage fee from every
mobile service provided from its platform, and these
brick-and-mortar businesses must use Hydreight’s pharmacy network
to order product, which Hydreight also takes a fee from.
Hydreight’s newest partner is a growing wellness
med spa with multiple locations across the United States. The
locations will use Hydreight’s proprietary technology to provide IV
drip therapy, aesthetics, NAD+, GLP-1s (semaglutide), various
peptides and other treatments. The integrated solutions will also
assist the wellness franchise continue expanding its footprint with
new locations opening next year.
Shane Madden, CEO of Hydreight
commented, “As we continue to grow and evolve our platform, we’ve
recognized that there are additional white label opportunities to
utilize and tap into our platform and network. Post Covid, as rules
and regulations have tightened, it has become increasingly hard for
brick-and-mortar wellness spas to provide some services without a
medical professional or telemedicine technology to see a doctor.
Our white label division has quickly become another revenue bucket
that we will continue to focus on growing and our team continues to
review these opportunities and onboard new businesses.”
To grow the division, the Company plans to build
a sales team to direct sell to these businesses and will continue
focusing on increasing and adding more partners using its white
label technology.
About Hydreight Technologies
Inc.
Hydreight Technologies Inc. is building the
largest mobile clinic network in the United States. Its
proprietary, fully integrated platform hosts a network of over
2,500 nurses, over 100 doctors and a pharmacy network across 50
states. The platform includes a built-in, easy-to-use suite of
fully integrated tools for accounting, documentation, sales,
inventory, booking, and managing patient data, which enables
licensed healthcare professionals to provide services directly to
patients at home, office or hotel. Hydreight is bridging the gap
between provider compliance and patient convenience, empowering
nurses, med spa technicians, and other licensed healthcare
professionals. The Hydreight platform allows healthcare
professionals to deliver services independently, on their own
terms, or to add mobile services to existing location-based
operations. Hydreight has a 503B pharmacy network servicing all 50
states and is closely affiliated with a U.S. certified e-script and
telemedicine provider network that provides services in over 650
cities and growing.
On behalf of the Board of DirectorsShane MaddenDirector and
Chief Executive OfficerHydreight Technologies Inc.
Contact
Email: ir@hydreight.com; Telephone:
(480) 790 6886
Cautionary Note Regarding
Forward-Looking Information
This press release contains statements which
constitute “forward-looking information” within the meaning of
applicable securities laws, including statements regarding the
plans, intentions, beliefs and current expectations of the Company
with respect to future business activities and operating
performance. Forward-looking information is often identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect”, “Approximately” or
similar expressions and includes information regarding the launch
date of MedicalMedIV.com, and the anticipated effect on bookings
and customer retention rates.Investors are cautioned that
forward-looking information is not based on historical facts but
instead reflects the Company’s management’s expectations, estimates
or predictions concerning future results or events based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information are the following: the ability to
obtain requisite regulatory and other approvals with respect to the
business operated by the Company and/or the potential impact of the
listing of the Company’s shares on the TSXV on relationships,
including with regulatory bodies, employees, suppliers, customers
and competitors; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws; compliance with extensive government
regulation; and the diversion of management time as a result of
being a publicly listed entity. This forward-looking information
may be affected by risks and uncertainties in the business of the
Company and market conditions.
Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and
factors which could cause actual results to differ materially,
there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not
assume any obligation, to update this forward-looking information
except as otherwise required by applicable law.
Neither TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer
of securities for sale in the United States. The securities being
offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and such
securities may not be offered or sold within the United States
absent U.S. registration or an applicable exemption from U.S.
registration requirements.
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