Castle Placement as Exclusive Placement Agent to Raise $ 5 Million to Fund Business Development / Growth for the Company’s Pivotal Product Launch of the Company’s iHelp MAX ™ Medical Alert / Surveillance System
NEW YORK, NY / ACCESSWIRE / October 6, 2021 / Wearable Health Solutions Inc. (OTC PINK: WHSI), a manufacturer of several lines of proprietary personal medical devices, tracking devices and wearable health technologies monitored and managed through its fully developed tracking and automation platform, announced today that it has engaged Castle Placement as the exclusive placement agent to raise $ 5 million to fund business development / growth for the launch of the pivotal product of the iHelp MAX ™ device from the society.
Wearable Health Solutions Inc. is a developer of personal monitoring technology focused on mobile alerting and tracking devices for emergency medicine and workplace safety markets worldwide. WHSI generates revenue from the sale of its medical alarm devices and recurring service charges based on monitoring subscription plans. In addition to the United States and Canada, which represent the vast majority of the Company’s business volume, WHSI has also sold its solutions on several continents, notably in countries such as New Zealand, Denmark, Ireland. , Brazil, Barbados, Bermuda and the People’s Republic. from China.
Peter Pizzino, President of Wearable Health Solutions Inc., said, “The iHelp MAX product is the latest in mobile personal emergency response systems (mPERS), and the partnership between WHSI and Castle is designed to capitalize on the growing need for location tracking, emergency alerting services and real-time portable health remote monitoring technologies. “
About the placement of the castle:
Founded in 2009, Castle Placement raises equity and debt capital for private mid-market companies across a wide range of industries. Highly experienced investment bankers and a robust, innovative, data-driven technology platform – including artificial intelligence / machine learning – connect large companies with global institutional investors. Castle Placement’s proprietary app, CPGO, connects businesses to investors in real time. It has more than 64,500 private, venture and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.
For more information, visit https://castleplacement.com
About wearable health solutions:
As a leader in the growing e-health industry, we offer innovative wearable health products, tracking services and turnkey solutions that empower consumers to be proactive with their health, as well as being safe and protected at all times. Our products and services are always at the forefront of technology, innovative and cost effective.
Our latest product, currently in development, is the iHelp MAX ™. The MAX device has enhanced features and functions, including fall detection and geolocation (the ability to preset an area and alert loved ones if the device user enters or leaves a predetermined area), and will be Wi-Fi and Bluetooth enabled, supporting our entry into the field of remote medical monitoring and wearable health technologies.
The advancement of wearable technology and the growing demand from consumers to take control of their own health has generated a booming market, and the demand for wearable devices is expected to increase over the next few years as more and more consumers express an interest in sharing their portable data with providers and insurers. . WHSI is uniquely positioned to respond to this demand.
Securities Exchange Act of 1934, as amended. All statements contained in this press release that are not statements of historical fact can be considered as forward-looking statements. Words such as “continue”, “will”, “may”, “could”, “should”, “expect”, “planned”, “plans”, “intention”, “anticipate”, “believe”, “Estimate,” “predict”, “potential” and similar phrases are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally beyond the control of Wearable Health Solutions and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to (i) the ability (or inability) of Wearable Health Solutions to obtain additional funding in sufficient quantities or on acceptable terms when required; (ii) the ability of Wearable Health Solutions to maintain existing contracts and secure additional contracts with users of its solutions; (iii) the ability of Wearable Health Solutions to successfully expand into existing markets and enter new markets; (iv) Wearable Health Solutions’ ability to successfully manage and integrate any acquisition of businesses, solutions or technologies; (v) operating costs, transaction costs and actual or contingent unforeseen liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) the negative effects of increased competition on the Wearable Health Solutions business; (viii) changes in government licenses and regulations that may have a negative impact on the Wearable Health Solutions business; (ix) the risk that changes in consumer behavior could have a negative impact on the Wearable Health Solutions business; (x) the ability of Wearable Health Solutions to protect its intellectual property; (xi) local, industrial and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the most recent quarterly report filed by Wearable Health Solutions with the Securities and Exchange Commission. Wearable Health Solutions anticipates that subsequent events and developments may alter its plans, intentions and expectations. Wearable Health Solutions assumes no obligation, and specifically disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Wearable Health Solutions Inc.
2300 Yonge Street, Suite 1600
Toronto, Ontario M4P1E4
THE SOURCE: Wearable Health Solutions Inc.
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