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Connectyx Technologies Holdings Group, Inc. (CTYX) Signs Binding Letter of Intent for $0.5 Million in Funding With Essential Strategic Partners Group, Inc.
Upon Closing, CTYX to Launch National Marketing Campaign for Its Wholly-Owned Subsidiary, Medical Alert US, GuardianOne Personal Emergency Response System
By: Marketwired .
Jan. 14, 2013 11:05 AM
STUART, FL -- (Marketwire) -- 01/14/13 -- Connectyx Technologies Holdings Group, Inc. (PINKSHEETS: CTYX), www.connectyx.com, a Healthcare Business Process Outsourcing (BPO) company with wholly-owned subsidiary companies in Personal Emergency Response Systems (PERS) and other personal health product offerings, announced today that the company has entered into a binding letter of intent with Essential Strategic Partners Group (ESP Group) of Tinton Falls, New Jersey, to launch a national marketing campaign incorporating television infomercials for its Medical Alert US subsidiary, GuardianOne Personal Emergency Response System.
Connectyx Technologies and ESP Group will be jointly promoting Medical Alert US, the Personal Emergency Response Systems (PERS) known as GuardianOne, and MedFlash®, the personal health and wellness portal, which includes telemedicine through its joint venture with iVox's and ESP Group's call centers.
Upon funding, management will focus on marketing three main areas: PERS, MedFlash -- Telemedicine and Connectyx's healthcare BPO. In addition to the existing revenue stream from its BPO, MedFlash and GuardianOne products, Connectyx will be actively pursuing Venture opportunities that will generate additional revenue, adding value to Connectyx Technologies Holdings Group, Inc. through joint ventures and/or acquisitions with additional support from ESP Group.
Ronn Schuman, President and CEO of Connectyx, said, "We are very excited about the partnership we've formed with ESP Group. Their access to capital, combined with our products, perfectly positions Connectyx to continue to execute our forward strategy of significantly increasing revenue in 2013 with our BPO, GuardianOne and MedFlash product offerings."
John Tobacco, President of ESP Group, said, "We are extremely excited about our strategic investment in CTYX. There is no doubt in my mind that, through the joint efforts of our team, the resulting success will create new marketing opportunities, generate organic revenue streams and position CTYX to create new business opportunities, delivering significant forward shareholder value. Upon completion of this first round of funding CTYX will start to make progress toward delivering the necessary components to list its securities on the NYSE Market in the near future and ultimately attracting institutional class investors."
The proposed funding with ESP Group and Connectyx is contingent upon the completion of due diligence, negotiation and execution of a funding agreement, and approval by the companies' Boards of Directors.
Interested investors and shareholders are invited to be added to the corporate e-mail database for future corporate press releases and industry updates by sending an e-mail to email@example.com.
For more information please visit our website at www.connectyx.com.
About Connectyx Technologies Holdings Group, Inc.
Connectyx Technologies Holdings Group, Inc. is a Healthcare BPO that provides unique products for the healthcare market including MedFlash®, the electronic Personal Health Manager (ePHM), Medical Alert US, a Personal Emergency Response Services (PERS) product and Medical Transcription, Disease Management, Revenue Cycle Management, AR Financing and Medical Consulting -- Billing. Connectyx's consumer product, MedFlash® PHM, is an easy to use Personal Health and Lifestyle Manager that is accessible using a powerful web portal suite. The MedFlash® PHM provides member benefits including instant access to members' Emergency Medical Profile and Personal Health Record in the event of an accident or a medical emergency. MedFlash also offers lifestyle and wellness features that provide significant health benefits to members and risk mitigation for employers and insurers alike. Medical Alert US, GuardianOne Personal Emergency Response Services product is for patients and senior citizens who want to live independently, but are concerned about falling and staying in communication with family members or emergency services, if necessary.
About ESP Group, Inc.
Safe Harbor Act: This communication includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this communication.
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