SUGAR LAND, TX , April 11, 2018 (GLOBE NEWSWIRE) — Quantum Medical Transport, Inc., (OTC PINK: DRWN) Announces the filing of a patent for HIPAA updates shareholders regarding recent development and plans for the company moving forward.
Quantum Medical (OTC Pink: DRWN) management would like to take this opportunity to update our shareholders regarding recent developments and company plans as we enter Q2 2018 and move forward.
First of all, in the mist of this storm we have some exciting news “We will be filing our patent application this week for QuantH Medical Blockchain Technology V1.0. This HIPAA compliant technology is what sets us apart from other microcap companies in the space, and is sure to bring us to the next level as a leader in the medical blockchain space, stated Ricky Bernard, CEO”.
I know we have had some turbulence in our share price recently due to the 3(a)10 debt with Northbridge Financial which has reduced our debt by $108,000. However, this is not new debt and we vow to not issue any convertible toxic debt notes. We will not have this debt forever and the market valuation will rebound.
As a fellow stakeholder with you, we too are unhappy with the share price. In our opinion now is the time for dollar-cost-averaging for those long players. It is still our goal to raise enough capital through the ICO and have had talks regarding non-convertible preferred, coupon based equity, to pay invested in the further reduction of debt as well as the repurchase of our common shares in the open market.
We are committed to improving the direction of the Company’s stock price and overall shareholder valuation as we believe we will improve our position and build a great company with strong value in the near future.
We will be the front runner with our intellectual property and others will need to license our technology in the healthcare eco system. There is massive value in our IP and we are seeing some large players such as Amazon and Apple acquiring medical blockchain technology companies and patents.
These global techno behemoths are targeting the healthcare industry as a new revenue stream in patient information management. Apple’s CEO Tim Cook said in his keynote in September 2017, “healthcare is big for Apple’s future.” In fact in with over $7 trillion in health spending per year, it’s already almost 10% of global GDP. Apple acquired digital health company Glimpse and has partnered with Health Gorilla, the company is slowly shifting to offering a full personal health record.
Amazon Web Services (AWS), the company’s cloud business, partnered with healthcare tech giant Cerner in November 2017 to help medical providers use their data to make effective health predictions.
We would say the future of Quantum Medical Transportation, looks very bright in the grand spectrum of medical blockchain technology.
About Quantum Medical Transport/United Ambulance/QuantH
QUANTUM MEDICAL TRANSPORT, INC. /UNITED AMBULANCE, LLC is a medical technology and transportation company. The company is developing a proprietary medical blockchain technology for secure data storage and data transfer in a HIPPA compliant manner. We also provide emergency and non-emergency medical transportation services in the State of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
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