SAN FRANCISCO, June 10 /CNW/ - Patient Home Monitoring (PHM) (TSX: PHM), a company focused on in-home cardiology healthcare services, today announced that it has retained The Equicom Group Inc. ("Equicom") to provide the Company with strategic investor relations.
"PHM is a very fast growing company." said Michael Dalsin, Chairman of Patient Home Monitoring, "It is crucial to ensure the capital markets are up to date on the progress the company is making as it matures. Equicom has a strong track record of supporting fast growing publically-listed companies and we are happy to have them supporting PHM."
Equicom provides strategic communications services to approximately 100 public companies across a diverse range of industries. Under the terms of the agreement, Patient Home Monitoring (PHM) will pay Equicom a monthly fee of $2,500 for select communication services. The initial contract term is 12 months and has been in effect since April 1, 2010 - prior to PHM's public listing.
Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in PHM or its securities, nor has the Company granted Equicom or its principals any rights to acquire any such interests. Equicom is a wholly-owned subsidiary of TMX Group Inc.
PHM is a healthcare services company focused on providing in-home testing for patients on blood thinner medications such as Coumadin or warfarin. Medicare recently expanded reimbursement for in-home patient self testing (PST) of blood coagulation levels. PHM has a unique value proposition to cardiology groups that manage patients on blood thinners, focusing on systemization of enrolling patients in PST. This unique, systemized approach creates an opportunity for physician groups to operate more efficiently, while providing a higher standard of care for patients.
About The Equicom Group Inc.
Equicom, a wholly-owned subsidiary of TMX Group Inc., is a leading Canadian provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com.
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of PHM and anticipated events or results, are assumptions based on beliefs of PHM's senior management as well as information currently available to it. While these assumptions were considered reasonable by PHM at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue operations, decline of reimbursement rates, dependence on few payors, possible new drug discoveries, a novel business model, dependence on key suppliers, granting of permits and licenses in a highly regulated business, competition, low profit market segments as well as general economic, market and business conditions, and could differ materially from what is currently expected.
Neither 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.
SOURCE PHM PATIENT HOME MONITORING
For further information: For further information: Michael Dalsin, Chairman, Patient Home Monitoring, Managing Director, Stanmore Capital Partners, (323) 253-3055, email@example.com; Michael Moore, Investor Relations, Equicom Group, (416) 815-0700 ext. 241, firstname.lastname@example.org