HealthLynked Corp.
Retires
Three
Convertible Notes
for a Total Amount Due of $588,453
Prior to Conversion
Naples, FL -- September 8, 2020 -- InvestorsHub NewsWire
-- HealthLynked
Corp. (OTCQB:
HLYK),
a
global healthcare network focused on care management
for
its
members and a provider of healthcare technologies that connects
doctors, patients and medical data,
today
announced that
it has retired
three
of its convertible
notes for a total amount
due of $588,453 thus
eliminating the
ability
of
these shares to be converted
into the market.
George
O'Leary, HealthLynked's
CFO
stated,
"With
the Company's strong cash position from Dr. Dent's recent equity
investment, we
selected and
prepaid
three
convertible
notes for
a
total
amount due of $588,453 before they
matured
or were able to
convert.
We
decided
that
paying off these
convertible
notes now was
a
responsible and
prudent use of the newly
invested funds. HealthLynked
will
continue to evaluate the remaining convertible notes with the
intention of satisfying our obligation prior to maturity and
potential future conversions and has no
intention of
using this type of
capital again
in the
future. We believe this strengthens
our balance sheet, eliminates unnecessary dilution, and
will
allow our stock to respond favorably to announcements in
the months ahead."
About
HealthLynked Corp.
HealthLynked Corp.
provides a solution for both patient members and providers to
improve healthcare through the efficient exchange of medical
information. The HealthLynked Network is a cloud-based platform
that allows members to connect with their healthcare providers and
take more control of their healthcare. Members enter their medical
information, including medications, allergies, past surgeries and
personal health records, in one convenient online and secure
location, free of charge. Participating healthcare providers can
connect with their current and future patients through the system.
Benefits to in-network providers include the ability to utilize the
HealthLynked patent pending patient access hub "PAH" for patient
analytics. Other benefits for preferred providers include HLYK
marketing tools to connect with their active and inactive patients
to improve patient retention, access more accurate and current
patient information, provide more efficient online scheduling and
to fill last minute cancelations using the
Company's "real time
appointment scheduling" all within its
mobile
application. Preferred providers pay a monthly fee to access these
HealthLynked services. For additional information about
HealthLynked Corp., please
visit
www.healthlynked.com and connect with
HealthLynked on Twitter, Facebook, and LinkedIn.
Forward Looking Statements
Forward-Looking
Statements in this press release, which are not historical facts,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Our actual results,
including as a result of any acquisitions, performance or
achievements may differ materially from those expressed or implied
by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue,"
"likely," "will," "would" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by our
management, and us are inherently uncertain. We caution you not to
place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no
obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other
forward-looking
statements. Certain risks and uncertainties applicable to our
operations and us are described in the "Risk Factors" section of
our most recent Annual Report on Form 10-K and in other filings we
have made with the U.S. Securities and Exchange Commission. These
reports are publicly
available
at
www.sec.gov.
Contacts:
George
O'Leary
Chief
Financial Officer
goleary@healthlynked.com
(800)
928-7144, ext. 99
Investor
Relations Contacts:
Stephanie
Prince
PCG
Advisory Group
sprince@pcgadvisory.com
646-762-4518
Jim
Hock
Hanover
International Inc.
jh@hanoverintlinc.com
760-564-7400