Posted by AGORACOM-JC
at 7:40 AM on Thursday, January 7th, 2021
Announced that the Company has appointed Danny M Spataro as Sr. Director of Sales, Sports, and Entertainment, effective January 11th.
Danny joins Loop Insights with over 15 years of sales experience in collegiate athletics, professional sports, and SaaS. Danny spent 11 years with Learfield IMG College, highlighted by sales leadership roles serving Texas A&M, Arizona, Penn State, Northwestern, and Harvard. Danny left Learfield IMG College to work with Fenway Sports Management, the parent company of the Boston Red Sox, Liverpool Football, and New England Sports Network.
VANCOUVER, British Columbia, Jan. 07, 2021 — Loop Insights Inc. (MTRX:TSXV OTCQB:RACMF) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue management for the brick and mortar space, is pleased to announce that the Company has appointed Danny M Spataro as Sr. Director of Sales, Sports, and Entertainment, effective January 11th.
Spataro Brings Over 15 Years Of Sales and Marketing Experience to Loop Insights, Including Roles In Collegiate and Professional Sports
Danny joins Loop Insights with over 15 years of sales experience in collegiate athletics, professional sports, and SaaS. Danny spent 11 years with Learfield IMG College, highlighted by sales leadership roles serving Texas A&M, Arizona, Penn State, Northwestern, and Harvard. Danny left Learfield IMG College to work with Fenway Sports Management, the parent company of the Boston Red Sox, Liverpool Football, and New England Sports Network. After Fenway, Danny spent time at New Hampshire Motor Speedway (SMI), part of the NASCAR circuit. Spataro’s last three years have been highlighted by successful tenures at technology giant Oracle Corporation and most recently SSB. Danny brings a wealth of sales and technology experience to Loop Insights that will greatly benefit the team moving forward.
Posted by AGORACOM-JC
at 7:55 AM on Wednesday, January 6th, 2021
Announced the Company has launched as of January 4, 2021, a Concierge Covid-19 testing service for the travelling public in both Toronto and Vancouver.
Concierge service is designed for individuals looking to be tested from the comfort of their own homes rather than using government locations and having to line up with crowds waiting to be tested at such locations.
Toronto, Ontario–(January 6, 2021) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex”) is pleased to announce the Company has launched as of January 4, 2021, a Concierge Covid-19 testing service for the travelling public in both Toronto and Vancouver.
Posted by AGORACOM
at 5:00 PM on Wednesday, December 30th, 2020
On December 29th, Loop Insights issued a press release titled “Loop Insights Reviews Its Most Successful Year in Its History ….” and rightfully so given the number of contracts and partnerships Loop has signed with the likes of TELUS, NTT DATA, Vend, VenueNext and so many others. With all of this under his belt, you would expect CEO Rob Anson to gloat just a little bit during our interview today (December 30th), so we pitched him the softball he earned to give him a chance to beat his chest and he answered with …. “When we look back at 2020 this time next year … what we’ve done is very little in my opinion to date.”
WAIT …… WHAT? Whereas most companies would dream of Loop’s 2020 if it happened to them over 5 years, Anson is telling investors that 2020 was just a set up year. “This year (2021) will see major major growth and expansion …. We’re about to reap the rewards from all the groundwork and that is exciting to me … This will be our biggest year by a country mile” Watch this great interview with Loop Insights CEO, Rob Anson.
Posted by AGORACOM
at 8:34 AM on Wednesday, December 30th, 2020
Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce completion of civil construction work and final equipment assembly on its Aukam Processing Plant in Namibia. The Gratomic team has made an extreme effort to maintain the activities at the Aukam site, while ensuring that every precautionary measure has been taken to prevent the likelihood of a COVID-19 infection on the premises.
Gratomic has engaged the services of 12 additional temporary workers, through the local community of Aus, to relieve the Company’s Aukam workers and to allow them time-off during the Holiday Season. This is one of the many additional steps that the team has undertaken to ensure that time constraints are met according to the strict construction timeline.
Final equipment assembly has started on metal structures and support frames, manufactured locally by Pro-Edge Steel. Each piece of equipment is being assembled over its custom designed structure.
Simultaneously, the onsite team is setting up water, slurry, hydraulic, and electrical installation in preparation of the commissioning phase that comes thereafter.
Karl Trudeau will travel to the Aukam Graphite Project in Namibia in Mid-January to oversee final equipment assembly and commissioning in person.
Andre Bennet has been appointed as Mechanic and maintenance Supervisor for the Aukam Graphite Project.
“I would like to thank the Gratomic workforce in Aukam for their extreme dedication and hard work, which made possible this great achievement, and I am sure that they will continue to be the backbone of our Company for the next steps to come,” said Armando Farhate, COO & Head of Graphite Marketing and Sales.
“Gratomic continues to excel against all odds in this new exciting phase that brings our Aukam Processing Plant even closer to commissioning. We couldn’t be more thrilled with the progress the team is making and with their ability to quickly adapt to changing circumstances. It is amazing to see how the team has come together to bring this eight-year-old vision to life.” commented Arno Brand, President & CEO at Gratomic Inc.
About Gratomic Inc. Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in early 2021 and aiming to transition to an open pit operation by Q4 of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
Posted by AGORACOM
at 8:28 AM on Wednesday, December 30th, 2020
Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex“) is pleased to announce the release of German language capabilities for both NexaSecurity and NexaSMART- Social Media Automated Reporting Technology. This is a major milestone for Nexalogy’s technology, as it is now working in the top four native languages in Europe: English, French, German, and Russian.
“This latest development opens up almost all of Europe and the German-speaking market, which is the world’s fourth largest economy by GDP and has a huge need for artificial intelligence-based tools to counter social media-based disinformation campaigns,” said Marshall Gunter, CEO of Datametrex.
“As mentioned in our investor webinar, market expansion plans for international markets are being realized by investing income from our COVID19-test-kit sales into the development of our core technology, artificial intelligence-based analytics.”
“Since the so called Querdenker movement was founded, national state actors are aware of disinformation campaigns throughout the COVID-19 pandemic. This movement and other actors will likely play a critical role within the five state elections and the election for the German parliament in 2021.”
“Building on Nexalogy’s previous disinformation work with the Canadian and US governments and NATO, we feel Nexalogy’s technologies could be great help to the German election and democracy protection efforts in 2021,” said Marshall Gunter, CEO of Datametrex.
About Datametrex AI
Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational Health and Safety goals with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.
Additional information on Datametrex is available at www.datametrex.com.
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Posted by AGORACOM
at 8:19 AM on Tuesday, December 29th, 2020
Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to provide shareholders with this review of the Company’s most successful year ever and thank all shareholders for helping make 2020 the most successful year ever. Moreover, given the partnerships, products, and financing discussed below, Loop Insights is extremely confident that 2021 will see an equal magnitude of growth experienced in 2020.
To this end, Loop Insights CEO Rob Anson stated the following:
Dear shareholders,
2020 was an extraordinary year and we hope you and your families are staying healthy and safe. COVID-19 has had a major impact on economies, families, and businesses. It has been one of Loop’s major focuses to combat the effects of this pandemic in order to help industries recover and thrive in this new normal. Throughout the year, my team and I have worked tirelessly to create products and solutions that would gain the trust of our partners such as Telus, Amazon Web Services, Vend, bdG Sports, and most recently, NTT DATA, so that they could have the confidence necessary to bring this into their global customer opportunities.
I am happy to report that we have accomplished this goal and as a result of these world-class partnerships, are now on the cusp of participating in global opportunities we never thought possible at the beginning of 2020. Moreover, we are very confident that additional significant developments will continue to be announced in 2021 when our partners and customers return from their holiday breaks to resume several high-level discussions across many verticals.
None of these accomplishments in 2020 and those awaiting us in 2021 would be possible without my great team and our great shareholders. I always express gratitude to my team and am especially grateful to the shareholders that have supported Loop this year. Our successes in 2020 have reflected the company’s long-term vision that we continue to execute. As we enjoy this holiday season to spend valuable time with our families, we are also enjoying a much needed but short break before returning to work to further execute on work that awaits us and our partners upon our return. The Loop Insights team has worked hard to achieve a year of incredible successes and looks forward to hitting the ground hungry and humble on behalf of our great shareholders. Thank you so much for your continued support which has been integral to our 2020 success and will be integral to our 2021 success.
2020 CORPORATE DEVELOPMENTS
Loop Insights achieved a number of monumental milestones this calendar year as it developed its leading services including:
AMAZON
On June 8th, Loop Insights was selected to join Amazon Web Services Partner Network, joining the majority of Fortune 100 companies that rely on Amazon’s services every day. As a preferred partner, Loop will seize this networking opportunity to gain access to hundreds of ongoing AWS portfolios, as well as co-development projects. More than 90% of Fortune 100 companies source their solutions and services from Amazon.
On October 22nd, Loop Insights and Amazon Web Services announced the two companies would be hosting an interactive webinar to showcase Loop’s venue tracing capabilities. The webinar was a great success and achieved its maximum attendance of 1,000 viewers, with more than 88% of viewers remaining engaged through to the end of the final Q&A segment. Loop received inquiries from large corporations in sectors such as Airlines, Sports & Entertainment Enterprises, Telecom, and Government, with many significant discussions now at advanced stages.
TELUS
On October 15th, Loop announced the significant milestone of having been accepted into the Telus IoT Marketplace. The Company’s first product accepted into the IoT Marketplace was our contact tracing product, which has received significant exposure to many of TELUS’s largest customers and ongoing significant discussions with them. The third-party validation that came with this acceptance has been instrumental in Loop’s contact tracing discussions with large corporate customers around the world.
On December 3rd, Loop announced the Launch Of A Second Product Into The TELUS IoT Marketplace For National Sales and Marketing To TELUS Business Customers. The Company’s second product accepted into the IoT Marketplace was our Insights service which consists of our IoT Fobi device, Loop Cloud API, and AI Insights Portal that provide automated marketing capabilities. Connected between the printer and point of sale, Loop’s Fobi device’s real-time capabilities are driven by Artificial Intelligence to enhance the shopping experience. Providing data-driven product suggestions and unique discount codes for future use, Loop enables customers to increase revenues through increased spend per customer.
NTT DATA
On December 17th, Loop announced the most significant partnership in its history with NTT DATA, a top-ranked global IoT services company, and subsidiary of Nippon Telegraph and Telephone, the world’s 4th largest telecom company, ranked 55th In Fortune Global 500. As a result of this partnership, Loop will be exposed to global opportunities never thought possible earlier this year. For example, Loop’s successful live deployment of its Venue Bubble solution and its published capabilities with respect to its Travel Bubble solution will be the subject of work on major projects with NTT DATA.
RETAIL – VEND AND SHOPIFY
On August 10th, Loop Insights announced a reseller partnership and API integration with Vend, a leading global PoS company that operates over 25,000 stores across 140 countries. The announcement came with the partnership’s first sale to a franchise with 30 locations. Through the reseller partnership, Loop is working with Vend’s global team to continue to onboard new customers monthly.
On August 20th, Vend and Loop Insights announced a 20-store pilot that successfully concluded on November 4th with an agreement to deploy its insights platform at 550 “Your CBD” locations across 41 states, the largest CBD retailer in the United States. The Your CBD Store win includes the implementation of Loop’s data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q2 of 2021.
Loop will significantly benefit from Vend’s large global sales team that is now actively selling Loop’s products and services to its current 25,000 retail customer base, which will provide additional recurring revenue opportunities through monthly SAAS, as well as, potential revenue share opportunities.
In the same announcement on November 4th, Loop announced the completion of its point of sale integration with Shopify, providing Loop with access to the 500,000 merchants currently using the Shopify platform. Completing our Shopify integration further bolsters Loop’s efforts to achieve global scale via e-commerce and bricks and mortar opportunities. Retailers look to leverage data to create personalized shopping experiences across channels and optimize retail supply chain and inventory management. This makes Loop’s real-time online and offline data connectivity vital.
UKLIPZ
On November 12th, Loop announced the 2021 integration of Uklipz into its product stack. This is a very important milestone for Loop due to the significant strength it adds to our offering and the disruption it creates in the massive but problematic consumer review industry. The UKLIPZ platform is another important strategic move by providing our partners and customers with another immediate complimentary plug-in to expand and significantly strengthen the current Loop solution offering. Revenues from UKLIPZ will be generated through multiple streams as follows:
Monthly SaaS fees from Brands and Retailers
Transaction fees when a consumer purchases through the platform
Brands purchasing use of consumer video reviews
Sponsored ads
Retail
WORLD’S FIRST EVER VENUE BUBBLES IN A LIVE ENVIRONMENT
On September 16th, Loop Insights signed an agreement with NCAA Division 1 school, the University of Houston, to implement its contactless venue tracing platform across its facilities. In addition, the school agreed to implement Loop’s contactless, artificial intelligence marketing solutions to provide personalized promotions and targeted engagement at University of Houston football games at TDECU Stadium.
On October 8th Loop announced it was selected as the Premier Venue Tracing and Fan Engagement Solution for NCAA College Basketball #VegasBubble in Las Vegas, where games were played at MGM Grand Garden Arena, Mandalay Bay Events Center, and T-Mobile Arena between November 25 and December 22, 2020.
On November 9th Loop announced it would Implement the First-Ever Fully Integrated “Venue Bubble” (End-To-End Testing, Contact Tracing, and Alert Notifications) at the #BeachBubble NCAA College Basketball Tournament in Fort Myers, Florida, hosting 14 NCAA Division I men’s and women’s basketball teams in November and December that are playing at both Hertz Arena and Alico Arena (FGCU) while lodging at the Hyatt Regency.
On November 23rd, Loop Insights partnered with VenueNext to deliver a seamless mobile commerce solution to both college and professional sports venues across North America. VenueNext was founded in 2014 with Levi’s® Stadium and the San Francisco 49ers and has since gone on to power mobile-first and frictionless commerce in more than one hundred arenas, stadiums, theme parks, universities, corporate cafes, and theaters across the globe.
On December 1st Loop announced achieving 100% success in delivering the first-ever fully integrated “Venue Bubble” in live environments at both NCAA College Basketball Tournaments. Live demonstrations of the Venue Bubbles lead to significant discussions about some of North America’s largest sporting events in 2021 that are set to continue after the holiday break.
EXTENDING VENUE BUBBLES TO FILM AND TRAVEL
On October 19th Loop Insights and Empower Clinics announced the combination of their respective Venue Tracing and COVID-19 testing expertise to create the first-ever “Travel Bubble” solution for the global travel industry. Subsequently, on December 9th Loop and Empower partnered with SimpliFlying, the world’s leading aviation marketing consulting firm, to support specific near-term opportunities with World Renown Resorts, National Tourism Boards, Major Airlines, Airports, Cruise Ships, and Ports.
On December 14th Loop Insights expanded its venue bubble platform to create a “Film bubble”, in partnership with Draganfly’s “Safe Set” solution, for an upcoming major motion picture (“MMP1”) that is scheduled to commence filming in January 2021. The name of the film and the starring actors will remain confidential until the commencement of filming.
HEALTHCARE
On December 8th Loop Insights joined KABN Systems NA Holdings Corp. (CSE:KABN), Liquid Avatar, Lumedic, The Campus Agency, and TripXpertz to form a consortium to manage verifiable identity credentials for COVID-19 vaccinations. Through this consortium and Loop Insights’ previous partnership with iStoc, the Company is now able to provide medical testing beyond the scope of the COVID-19 pandemic.
On December 21st Loop announced the January 2021 launch of its Digital Connect Health Platform, a fully-integrated digital healthcare solution designed for both government and private sector. The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months after the April 20 launch of the Beta version of its Smart Health contactless check-in platform, which streamlines patient engagement and operations. Loop’s Smart Health device requires a simple tap of the patient’s mobile phone to check in and verify their ID. Patients have frictionless access to everything they need in one simple wallet pass, including real-time notifications, testing and tracing updates, critical health information, and more.
FINANCING AND INTENTION TO UPLIST TO MAJOR NORTH AMERICAN STOCK EXCHANGES
As a result of our success in 2020 and anticipated success in 2021, Loop announced its “Uplist Plan” on December 7th to begin the process of uplisting to major North American Stock Exchanges. The Uplist Plan outlines Loop’s proposed plan to apply to have its common shares uplisted to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”), followed by an intention to apply for listing on NASDAQ. Completion of the Uplist Plan is subject to meeting certain conditions and approvals that are not assured and outlined in the press release for full review by shareholders.
Moreover, on December 11th, Loop announced the receipt of approximately $4,600,000 from the exercise of warrants up to December 10, 2020. The proceeds from this latest round of warrants being exercised are expected to provide Loop with the financial resources necessary to fund growth and operations to the end of 2021 at a minimum, assuming the Company wasn’t able to generate any further revenue from business operations. As such, the Company does not foresee the need for any financing with the exception of strategic client partners that may want to invest in Loop in order to participate in its growth.
Moreover, as the Company expects to generate meaningful revenue from its current and anticipated sales pipeline over the next 12 months, as well as, receive additional proceeds from further anticipated warrant exercises, the Company is confident it now has the war chest necessary to pursue all anticipated business opportunities as the demand for its solutions continues to grow on a weekly, if not daily basis.
CEO Rob Anson added “As shareholders can see from this year in review, Loop had an incredible year in 2020, and more importantly, is positioned with the right partners, products, pipeline, and financial resources to make the same quantum leap in 2021. Our success is reflective of our hard work and the exceptional quality of our people. Our team has grown and we’ve welcomed many passionate members who continue to drive innovation here at Loop. Despite the challenges created by the COVID-19 pandemic, the Loop team has overcome all obstacles and continues to work to drive the growth of the company, whether working remotely or together in our Vancouver office. We can’t wait to get back to work and deliver more big wins for our shareholders.”
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
Posted by AGORACOM-JC
at 10:26 PM on Monday, December 21st, 2020
Sometimes, you just have to let the numbers speak for themselves. With 165,000 patients, Empower Clinics (CBDT:CSE) (EPWCF:OTCQB) has a database that any small cap Health & Wellness company would kill for … but then you add in that CBDT has now delivered growth in 5 (FIVE) successive financial reports (Q4, FY 2019, Q1, Q2 and Q3), so it is safe to say that superstar CEO Steve McAuley can officially claim victory on the turnaround he inherited in 2019.
Since that day Empower has made several announcements that grew the Company by several magnitudes again. From record testing contracts to new products, partnerships (We see you Loop Insights $MTRX + SimpliFlying) and a $5.5 MILLION injection from warrant proceeds (that is now closer to $6.8M), McAuley was building the foundations of a health & wellness powerhouse.
Finally, for all the new investors that have joined Empower in the last several weeks, McAuley is Six Sigma certified under the quality initiative of legendary GE (General Electric) Chairman Jack Welch. We’ve never seen a Six Sigma certified CEO in the Canadian small cap markets. Never …. which explains how McAuley has been able to guide Empower Clinics through the most disruptive environment in recent history and turn it into significant growth through Q4 2020 and the foundations to turn it into a powerhouse over the next 3 years.
If you MISSED Well Health and CloudMD, you really need to take a close look at Empower as the next great potential small cap health & wellness company.
Posted by AGORACOM-JC
at 7:20 AM on Monday, December 21st, 2020
Loop Digital Connect Health Platform Will Provide Provincial and Federal Healthcare Systems The Ability To Connect Current Siloed Legacy and Antiquated Systems
The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months.
VANCOUVER, British Columbia, Dec. 21, 2020 — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce the January 2021 launch of its Digital Connect Health Platform, a fully-integrated digital healthcare solution designed for both government and private sector. The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months.
On April 20th, Loop Insights launched the Beta version of its Smart Health contactless check-in platform, which streamlines patient engagement and operations. Loop’s Smart Health device requires a simple tap of the patient’s mobile phone to check in and verify their ID. Patients have frictionless access to everything they need in one simple wallet pass, including real-time notifications, testing and tracing updates, critical health information, and more.
MOVING FROM BETA VERSION TO MARKET READY
Following ongoing conversations with stakeholders at the highest levels of government, as well as private markets, Loop Insights will integrate its real-time AI-driven data applications with its IoT solutions and digital wallet to create its Digital Connect Health Platform, which provides governments and private clients with the following:
A secure Digital ID
Integrated data functionality
Easy access to medical records
Integrated eCommerce
Loop’s Digital Connect Health Platform is regarded as a customized platform per government specifications.
BRIDGING THE HEALTHCARE JURISDICTIONAL DIVIDE TO DELIVER CONNECTIVITY NEVER BEFORE THOUGHT POSSIBLE
The attempted implementation of wildly varying COVID-19 medical and security protocols, as well as, restriction policies by health officials and government leaders from around the world, has clearly demonstrated how divided government leaders have become by jurisdictional lines due to the lack of a single platform capable of providing uniformity and consistency in the application of policies. Recognizing this breakdown, in conjunction with input from those same government leaders, Loop Insights developed the Digital Connect Health Platform to be capable of connecting Provincial and Federal systems while allowing Provinces to fully maintain their jurisdictional authority by managing their own internal data repositories.
Specifically, the Loop Digital Connect Health Platform sits on top of each Provincial (or State) system to aggregate and connect information into a Data Warehouse. This continuity across all platforms delivers the ultimate goal health leaders have always wanted, never thought possible but requested from Loop Insights – the ability for Provincial healthcare systems to speak to each other. Of the many benefits of having this platform, the simplest and most powerful is the ability for citizens to be away from their home province while using a singular platform to deliver the best healthcare possible.
Loop Insights CEO Rob Anson stated “This has been nothing short of a massive undertaking over the past 7 months. In conjunction with key stakeholders who have been expressing the need for continued digital transformation within the healthcare sector, we have delivered a complete end-to-end digital solution that solves the challenge of decades of siloed data, a lack of connectivity, and a lack of access. As a result, Loop provides governments and the private sector with the ability to connect their current legacy and antiquated systems. This is so revolutionary that it has attracted the attention of global technology companies and has positioned Loop for success within healthcare.”
CANADIAN HEALTHCARE INDUSTRY PROVIDE SIGNIFICANT OPPORTUNITY, PRESENTATIONS ALREADY COMMENCED THROUGHOUT NORTH AMERICA AND EUROPE
With provinces such as Ontario experimenting with the potential of digital wallet applications, Loop Insights sees a significant opportunity to provide a solution to the Canadian healthcare industry in particular. With individual Provinces considering a digital healthcare solution, a federal platform will require a fully-integrated solution that allows for secure electronic medical records, third-party billing services, and extended healthcare services.
According to IBISWorld, the Canadian healthcare industry represents a $74-billion market opportunity , with over 1200 businesses working in the space. Loop Insights has developed a smart health platform that will provide a gateway for these siloed platforms to work together, allowing for safe and secure collaboration between multiple large scale healthcare systems.
In addition to its business development progress in the Canadian healthcare industry, Loop Insights has presented to leading healthcare companies in North America and Europe.
LOOP DIGITAL WALLET HEALTHCARE APPLICATION WILL PROVIDE SAFE AND SECURE PATIENT CONNECTIVITY TO GO BEYOND COVID-19
In order to improve the lives of patients, Loop Insights’ digital healthcare wallet platform will provide instant medical reminders including appointments, prescription reminders, critical medical transportation services, and more. The platform will allow patients to book appointments with their family doctor or other healthcare professionals within their mobile device. In the era of social distancing, Loop Insights’ automatic queuing and notifications will allow doctors to keep their waiting rooms open while operating at full efficiency. Once at the doctor’s office or medical facility, patients will be able to tap to check-in with their smartphone, registering with their verified healthcare ID.
On December 9th, Loop Insights joined KABN Systems NA Holdings Corp. (CSE:KABN) , Liquid Avatar, Lumedic, The Campus Agency, and TripXpertzwas to form a consortium to manage verifiable identity credentials for COVID-19 vaccinations. Through this consortium and Loop Insights’ previous partnership with iStoc, the Company is now able to provide medical testing beyond the scope of the COVID-19 pandemic.
In partnership with iStoc, Loop Insights is now offering integrated testing for:
Infectious diseases
Blood alcohol levels (saliva based)
Women’s health screening
Pregnancy
Drug use
Sexually-transmitted diseases
Blood group testing
Veterinary diseases
In order to match growing demand, Loop Insights has also worked with Istoc to launch integrated global testing solutions for:
HIV
Malaria
Dengue
Hepatitis B
Hepatitis C
Tuberculosis, TB
Influenza, RSV, Adeno, Strep, Mycoplasma, WIDAL, RPR, Rota, Occult Blood, H Pylori AD
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM-JC
at 5:09 PM on Thursday, December 17th, 2020
Back on July 13th, Loop Insights stated the following:
As of today, December 17th, Loop has now signed 2 partnership agreements with TELUS and then dropped this headline today:
Loop Insights Partners With NTT DATA, Top Ranked Global IoT Services Company And Subsidiary Of Nippon Telegraph and Telephone, World’s 4th Largest Telecom Ranked 55th In Fortune Global 500
NTT DATA Corp of Japan (TYO:9613) is a global leader in technology services and a top-ranked global Internet of Things (IoT) consulting and system integration services company, with $USD 20-billion in revenues in 2020.
Loop and NTT DATA intend to combine their respective strengths to create new recurring revenue models for both companies. For example, the NTT Smart platform, first introduced as a solution in building smarter, more connected cities, is now the cornerstone for its Back to Business Application. Integrating Loop’s Insights and automated marketing capabilities with the NTT Smart Platform in a seamless manner is an obvious fit for both companies, each of which stands to benefit from the integration.
Watch this great interview with Loop Insights CEO, Rob Anson, discussing the global implications of this partnership.
Posted by AGORACOM-JC
at 4:16 PM on Thursday, December 17th, 2020
Acquisition Will Expand Company’s North American Footprint And Strengthen Vertical Integration From Patients To Laboratory, Strengthening Testing and Bubble Initiatives
Announced the execution of a definitive share purchase agreement dated December 16, 2020 to acquire Lawrence Park Health and Wellness Clinic Inc., 1100900 Canada Inc. dba Atkinson, and Momentum Health Inc.
Momentum Health operates a network of medical clinics with a team of healthcare professionals who provide para-medical care by applying a holistic and hands-on approach working with patients to unlock potential well-being.
Key services include physiotherapy, chiropractic, massage therapy, traditional Chinese medicine, athletic therapy and others.
Acquisition will include two standalone wellness clinics and five new co-located clinics in the Greater Toronto Area of Ontario, Canada, with immediate access to in excess of 20,000 patients.
VANCOUVER, BC / December 17, 2020 / Empower Clinics (CSE:CBDT)(OTC PINK:EPWCF)(FRA:8EC) (the “Company” or “Empower”), an integrated healthcare company serving patients through clinics, a telemedicine platform, and a leading medical diagnostics laboratory processing thousands of COVID-19 specimens and developing novel COVID-19 testing protocols for CE, FDA and Health Canada approval, is pleased to announce the execution of a definitive share purchase agreement dated December 16, 2020 (the “Agreement“) to acquire Lawrence Park Health and Wellness Clinic Inc., 1100900 Canada Inc. dba Atkinson, and Momentum Health Inc. (collectively “Momentum Health“).
Steven McAuley, Chairman and CEO of Empower stated “The acquisition of Momentum Health will be a significant milestone for both Empower and its shareholders that we expect will provide Empower with a growing accretive business, as well as, a winning business model with plans for immediate expansion across the Greater Toronto Area, the province of Ontario and then nationwide in very rapid succession. It is anticipated that this immediate and rapid nationwide expansion plan will be made possible by combining the winning Momentum Health model with the financial, marketing and operational control resources already successfully deployed by Empower in building its US operations, including the successful win of a $1.2 million testing contract with a film and television studio within just 45 days of acquiring our KAI Medical Lab. Significant discussions are already underway with potential nationwide partners and we expect to have developments in the very near future.”
ACQUISITION INCLUDES 7 CLINICS IN GREATER TORONTO AREA WITH IMMEDIATE PLANS TO EXPAND “CLINIC-IN-CLINIC” MODEL ACROSS CANADA.
Momentum Health operates a network of medical clinics with a team of healthcare professionals who provide para-medical care by applying a holistic and hands-on approach working with patients to unlock potential well-being. Key services include physiotherapy, chiropractic, massage therapy, traditional Chinese medicine, athletic therapy and others. The full range of services can be viewed at www.momentumhealthclinic.com.
The acquisition will include two standalone wellness clinics and five new co-located clinics in the Greater Toronto Area of Ontario, Canada, with immediate access to in excess of 20,000 patients.
More importantly, it is expected that expansion will be at a very attractive and cost-effective model of opening “clinics-within-clinics” in which the Company proposes to partner with large care facilities to provide para-medical clinics inside the physical location of the primary care facility. This model results in a win-win for both Empower and the primary care facility partner as follows:
Substantially improved care for patients of the primary care facility
Significantly reduced start-up costs for Empower
Immediate access to the large patient base of the primary care facility
Immediate rental income for the primary care facility
With this proven winning model, the nationwide roll-out it is planned to commence immediately upon closing of the acquisition with expansion in the Greater Toronto Area, followed by expansion throughout Ontario and finally West through all Provinces with a standardized brand and technology platform.
Moreover, the acquisition includes incentives for the two Co-Founders of Momentum Health to open an additional 30 clinics across Canada.
CEO McAuley added “Having Dr. Rabinowitz and Dr. Tsimerman join me in leadership to rapidly expand Empower’s clinic footprint across Canada will be invaluable toward meeting our ambitious objectives.”
Momentum Co-Founder Dr. Robinowitz commented “Joining Empower provides us with the opportunity to scale an intricately designed health care model alongside the outstanding professionals currently on their team. This transaction will not only allow our current patients to have increased access to integrative care, we also strive to exponentially increase our patient base with strategic, nationwide expansion.”
Momentum Co-Founder Dr. Tsimerman commented “I am thrilled to be joining Empower Clinics with a shared vision of nationwide, truly integrative medical care based on patient – centric services. This unique opportunity allows us to provide an unparalleled patient experience and create a leading approach to modernized health care.”
TERMS OF ACQUISITION
Pursuant to the terms of the Agreement, Empower will pay the vendors of Momentum Health $275,000 cash at closing (including $44,648 to settle an outstanding debt of Momentum Health) with an additional $75,000 to be withheld as a holdback for adjustments, for an aggregate cash payment of $350,000. In addition, at closing, Empower will issue Dr. Jordan Rabinowitz and Dr. Aviv Tsimerman or their affiliates 5,128,204 common shares in the capital of Empower (at a deemed price of $0.0975 per share), 2,564,102 of which will be subject to contractual resale restrictions resulting in them being released quarterly from the date of closing in eight (8) equal instalments.
PERFORMANCE INCENTIVES TO OPEN 30 ADDITIONAL LOCATIONS
The acquisition also includes long-term performance incentives for Dr. Rabinowitz and Dr. Tsimerman. If, within 18 months from the closing date, the Company or its affiliates have opened and have operating an aggregate of ten (10) new clinic locations in Canada (“Milestone One”), each of Dr. Rabinowitz and Dr. Tsimerman shall be entitled to receive incentive stock options of Empower to purchase 1,875,000 common shares of Empower, vesting as follows:
1/3 immediately;
1/3 upon of the Company or its affiliates having opened and operating an aggregate of twenty (20) new clinic locations in Canada; and
1/3 upon of the Company or its affiliates having opened and operating an aggregate of thirty (30) new clinic locations in Canada.
ADDITIONAL DETAILS
Empower has agreed to enter into employment agreements with Dr. Rabinowitz and Dr. Tsimerman on closing of the acquisition, to lead the Canadian clinic expansion strategy.
Completion of the acquisition contemplated by the Agreement is subject to customary closing conditions which the Company anticipates being completed on or before December 21, 2020.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company’s nationwide rollout and timing and results of such rollout; the Company expecting the acquisition will provide Empower with a growing accretive business, as well as, a winning business model with plans for immediate expansion across the Greater Toronto Area, the province of Ontario and then nationwide in very rapid succession; the Company’s expectation for the costs of expansion; and the Company’s plans to partner with large care facilities to provide para-medical clinics inside the physical location of the primary care facility and the results of such model. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that the Kai Medical Laboratory acquisition may not be completed on the terms expected or at all; that the Company’s products may not work as expected; that the Company may not be able to expand COVID-19 testing; that legislative changes may have an adverse affect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company’s control; as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
