Company highlights multi-state expansion plans, Announces Q1 Release Date
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PARKER, CO, May 29, 2017 /CNW/ - Assure Holdings Corp. (the "Company" or "Assure") (TSXV: IOM), announces today the commencement of trading on the TSX Venture Exchange ("TSXV"). As previously announced, the Company completed its Qualifying Transaction (as such term is defined in the policies of the TSXV) on May 26th, 2017.
Preston Parsons, the Chief Executive Officer and founder of the Company said of the announcement: "We are very pleased to begin trading on the TSXV today. We are proud and excited to showcase our historical results in addition to sharing some of our marketing and growth initiatives for Q3 & Q4 2017."
As illustrated in the Company's Filing Statement dated May 16, 2017, which can be accessed at www.sedar.com, the consolidated annual audited financial statements for the year ended 2016 contained the following highlights:
- 2016 Revenue of over $5,300,000 USD
- 2016 EBITDA of over $4,300,000 USD
- 2016 Net Income of over $4,000,000 USD
The Company plans to continue expanding in the State of Colorado while also selectively targeting additional States that are well suited for the Assure platform. By leveraging decades of experience and relationships in the spine industry, the Company sees tremendous opportunities in multiple strategically identified States.
Mr. Parsons also commented: "While we are continuously expanding in Colorado, the deployment of the additional working capital from our recent private placement will allow us to address other attractive opportunities outside Colorado at the same time. We feel the Assure platform has proven that it is well received and can be duplicated successfully in multiple environments simultaneously. We look forward to our continued expansion as we head into the busiest surgical time of the year. We anticipate these combined expansion initiatives will have a positive impact in the second half of 2017."
The Company also announced that it will be releasing its first quarter results after the market close on Wednesday, May 31st. These results, and the Company's MD&A will be posted on www.sedar.com upon release.
About Assure Holdings Corp.
Assure Holdings Corp. is a Colorado based company, incorporated in the State of Nevada, that works with neurosurgeons and orthopedic spine surgeons to provide a turnkey suite of services that support intraoperative neuromonitoring activities during invasive surgeries. Assure: (i) employs its own staff of technologists and uses its own state of the art monitoring equipment, (ii) handles 100% of intraoperative neuromonitoring scheduling and setup, and (iii) bills for all technical services provided. While Assure focuses primarily on supporting spinal surgeries, plans are in place to support other classes of medicine that rely on the standard of care that intraoperative neuromonitoring provides.
Investors are cautioned that, except as disclosed in the Filing Statement any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.
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.
The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Assure, Montreux and/or the Corporation anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Corporation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Assure, Montreux or the Corporation, as applicable, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Assure, Montreux and the Corporation, including information obtained from third-party industry analysts and other third party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this Filing Statement is expressly qualified by this cautionary statement.
SOURCE Assure Holdings Corp.
For further information: Matthew Willer, President, Assure Holdings Corp., Tel: (720) 287-3093, Email: Matthew.Willer@assureIOM.com, Website: www.assureIOM.com