Premier Diversified Holdings Inc. Announces Closing of Unit Purchase of MyCare MedTech Inc.
September 22 2017 - 12:30PM
Not for dissemination in the United States of
America.
Premier Diversified Holdings Inc. ("
Premier" or
the "
Company") (CSE:PDH) announces that on
September 21, 2017, it acquired 572,000 units
("
Units") of MyCare MedTech Inc.
("
MMI"), a telemedicine company which uses
communication technology to deliver virtual medical consultations
with licensed healthcare providers for non-emergency conditions
through its app GOeVisit. The purchase price of the Units was $0.35
per Unit, for total consideration of $200,000 in cash.
Each Unit is comprised of one Class A Common
share ("MMI Share") and one half of a share
purchase warrant ("MMI Warrant") of MMI. Each
whole MMI Warrant will be exercisable to purchase an additional MMI
Share at $0.50 until December 31, 2018. Premier holds a total of
4,572,000 MMI Shares, approximately 30.50% (undiluted) of the
issued and outstanding MMI Shares. Sanjeev Parsad, Premier
President and CEO, sits on the board of directors of MMI.
MMI is a private company incorporated under the
laws of Alberta and is a Canadian telemedicine company which
provides virtual medical consultations with licensed healthcare
providers through computers, tablets and mobile devices. The
GOeVisit medical team can provide diagnosis, alternate remedies
and/or prescriptions for over 30 non-emergency conditions and
uncomplicated medical concerns such as a sore throat, stomach
virus, upper respiratory infection (e.g. bronchitis), strain or
sprain, sinus infection, urinary tract infection, rash, allergy,
headache, pink eye, burn or laceration. GOeVisit is available 24/7
and its certified healthcare professionals include licenses nurse
practitioners and doctors. More information is available at:
www.goevisit.com.
Further Information
Further information regarding Premier may be
found on Premier’s website at www.pdh-inc.com and filed on SEDAR at
www.sedar.com.
Premier Diversified Holdings Inc. participates
in diversified industries and company management through its
acquisitions of assets and/or securities of public and private
entities which it believes have potential for significant returns.
It may act as a holding company (either directly or through a
subsidiary) and may participate in management of its subsidiaries
to varying degrees. Its current holdings include interests in
medical diagnostic clinics located in Canada and China, in a
reinsurance business located in Bermuda, in a Canadian craft beer
brewery and in a Vancouver real estate development partnership.
On behalf of the Board of Directors
"Sanjeev Parsad"
Sanjeev Parsad President, CEO and Director
The Canadian Securities Exchange (CSE) has not
reviewed the adequacy or the accuracy of the contents of this
document. Company information can be viewed here:
www.thecse.com. Further information regarding the Company can
be found on SEDAR at ww.sedar.com.
Legal Notice Regarding Forward Looking
Statements: This news release contains "forward-looking statements"
within the meaning of applicable Canadian securities legislation.
Forward-looking statements are indicated expectations or
intentions. Forward-looking statements in this news release include
the telemedicine company will operate its business as described and
that the telemedicine company will generate income. Factors that
could cause actual results to be materially different include but
are not limited to the following: that the telemedicine company
will operate its business differently than described. Investors are
cautioned against placing undue reliance on forward-looking
statements. It is not our policy to update forward looking
statements.
For further information, contact:
Sanjeev Parsad, President and CEO
Phone: (604) 678.9115
Cell: (604) 612.3965
Fax: (604) 678.9279
E-mail: sparsad@pdh-inc.com
Web: www.pdh-inc.com