Vantage mHealthcare Strengthens Balance Sheet and Exchanges Debt at a Premium
05 March 2015 - 2:32AM
Business Wire
Vantage mHealthcare Inc., (OTCQB:VNTH) ("Vantage") or (the
"Company") today announced Vantage has extinguished debt owed to
its parent company, Nanobeak.
The Vantage Board, after careful consideration, deems it
advisable and in the best interests of the Company to issue
4,616,840 shares of Vantage’s common stock at a premium price of
$0.10 equal to $461,684.00 to Nanobeak in exchange for full
cancellation of the debt.
The infusions of cash were necessary over the past several
months to help with research and improve upon the technology and
design used for the advancement of the Vantage Health Sensor in
detecting early stage diseases.
About Vantage mHealthcare Inc.
Vantage mHealthcare Health Inc. - a mobile health technology
company - is developing personalized and point-of-care screening
using Apps based upon chemical sensing residing within a Bluetooth
device that works with any smartphone. With its foundations in
advanced nanotechnology, the company’s first product, the Vantage
Health Sensor, which is in development, is the convergence of
nano-electronics, bio-informatics, and wireless technology to
create the next generation mobile health application. The first
mobile App is expected to be for lung cancer screening with
additional mobile healthcare Apps in the planning stages. The
Company has offices in New York City and Mountain View, CA. For
more information, please visit http://www.Vantage
mHealthcarehealthinc.com
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties that could cause actual
results to be materially different from historical results or from
any future results expressed or implied by such forward-looking
statements. Such forward-looking statements include, among other
things statements with respect to our objectives and strategies to
achieve those objectives, as well as statements with respect to our
beliefs, plans, expectations, anticipations, estimates or
intentions. Such forward-looking statements may also include
statements, among other things, concerning the efficacy, safety and
intended utilization of Vantage mHealthcare’s product candidates,
the conduct and results of future clinical trials, plans regarding
regulatory filings, future research and clinical trials and plans
regarding partnering activities. Factors that may cause actual
results to differ materially include, among others, the risk that
product candidates that appeared promising in early research and
clinical trials do not demonstrate safety and/or efficacy in
larger-scale or later clinical trials, trials may have difficulty
enrolling, Vantage mHealthcare may not obtain approval to market
its product candidates, or outside financing may not be available
to meet capital requirements. These forward-looking statements are
based on our current expectations. We caution that all
forward-looking information is inherently uncertain and actual
results may differ materially from the assumptions, estimates or
expectations reflected or contained in the forward-looking
information, and that actual future performance will be affected by
a number of factors, including economic conditions, technological
change, regulatory change and competitive factors, many of which
are beyond our control. Therefore, future events and results may
vary significantly from what we currently foresee.
For a further list and description of the risks and
uncertainties the Company faces, please refer to the Company’s most
recent Annual Report on Form 10-K and other periodic and other
filings Vantage mHealthcare files with the Securities and Exchange
Commission and are available at www.sec.gov. Such forward-looking
statements are current only as of the date they are made, and
Vantage mHealthcare assumes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investors:CSIR Group,
LLC.Christine Petraglia, 212-386-7082
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