VitalHub Corp. Announces Board Appointment
Toronto, Ontario – October 18, 2017 – Vitalhub Corp. (the “Corporation” or “Vitalhub”), is pleased to announce that Mohan Plakkot has been appointed to the Board of Directors effective immediately.
Mr. Plakkot is a Partner and Chief Strategist at Valsef Capital (“Valsef”), a private investment company that focuses on investing in software companies in the public markets. He is also Chief Strategist at Valsoft Corporation, a subsidiary of Valsef that acquires and operates vertical market software companies. Mohan began his career as an enterprise software engineer at SunGard (now Fiserv), a Fortune 500 financial software solutions & services company. With an MBA in Strategy and Finance from McGill University, Mohan also has experience in structuring M&A transactions for internet assets.
“Mohan brings extensive experience and analytical skills to effectively evaluate the day to day operations of VitalHub along with the potential impact proposed acquisitions will have on the company in the future. His skill set will add extensive value as we move forward on our strategic plans,” said Dan Matlow CEO of Vitalhub.
“VitalHub possesses the foundation and strong business principals to execute on an M & A strategy in the healthcare software sector. I look forward to becoming part of the growth and success of the company,” said Mohan Plakkot.
About VitalHub
VitalHub delivers an innovate platform for the creation of mobile health applications that increases productivity within healthcare settings. The VitalHub platform provides the ability to integrate existing individual healthcare applications while maintaining the control, security and privacy essential in healthcare. VitalHub’s applications are focused on the fast-growing mental health and long term care markets and the company plans to strategically acquire and grow business in these areas. Currently over 50 healthcare institutions across Canada use products from VitalHub and its subsidiaries.
VitalHub is based in Toronto, ON, and publicly traded on the TSX Venture Exchange: VHI
Cautionary Statements
The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. 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 press release. This news release contains forward-looking statements relating to the timing and completion of the transactions, the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Acquisition, the projected cash flows of the Company post-Acquisition, and the future plans and – 3 – objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to effectively integrate B Sharp Technologies into the Company and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that transactions described herein, will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.