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PARKER, CO, Oct. 25, 2017 /CNW/ - Assure Holdings Corp. (the "Company" or "Assure") (TSXV: IOM; OTCQB: ARHH), a company that works with neurosurgeons to provide a turnkey suite of services that support intraoperative neuro-monitoring activities during invasive surgeries, is pleased to announce that it has retained Liolios Group, Inc. ("Liolios") to provide investor relations services to the Company in compliance with regulatory guidelines.
Liolios is a U.S.-based financial communications firm focused on public companies across a broad range of industry classifications. The firm provides high-level capital markets consulting, corporate communications, investor outreach and is also extensively experienced in helping Canadian companies access and navigate the U.S. capital markets.
"We believe our shareholders will benefit from Liolios' experienced team of financial communication professionals as we navigate the capital markets and generate greater awareness of our company —particularly in the U.S.," said Preston Parsons, Founder and Chairman of Assure. "Liolios brings a proven record of assisting emergent growth companies like ours enhance shareholder value by delivering the right message to the right audience and establishing long-term relationships with high-quality members of the financial community."
Liolios will work closely with Assure to develop and deploy a comprehensive capital markets strategy and campaign. Activities will include delivering effective messaging and corporate positioning, strategic advisory, and introductions to analysts, institutional investors and other key influencers. Liolios will also assist in scheduling road shows and financial conferences for Assure's management on a regular basis.
Under the terms of engagement, Liolios has been retained for a six month period at US$6,000 per month, which term will be extended on a month-to-month basis for up to an additional six month period at US$8,000 per month. Liolios will be reimbursed for pre-approved expenses associated with the services to be provided and the Company has also granted 60,000 stock options to Liolios at an exercise price of C$3.75, expiring October 25, 2022. The options will vest in four equal tranches on a quarterly basis and will vest in full on October 25, 2018. This agreement is subject to the approval of the TSX Venture Exchange.
Liolios is a comprehensive financial communications firm specializing in small-cap companies. The firm aims to deliver superior performance in corporate messaging and positioning, capital markets advisory, investor awareness and capital formation. Founded in 1999, Liolios executives have extensive experience in finance and investments, and represent public and private companies in a wide range of industries, including technology, digital media, consumer/internet retail, healthcare/life sciences, natural resources, financial services and business services. For more information about Liolios, please visit www.liolios.com.
About Assure Holdings Corp.
Assure Holdings Corp. is a Colorado-based company 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. For more information, visit the Company's website at www.assureIOM.com.
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 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 Company. 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 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, 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 press release 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: [email protected]; Cody Slach, Managing Director, Liolios Group, Inc., Investor Relations, Tel: (949) 574-3860, Email: [email protected]