Business
eWellness Announces 2019 Convertible Debt Consolidation Strategy
eWellness Announces 2019 Convertible Debt Consolidation Strategy.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\nCulver City, CA, March 19, 2019 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation – (OTCQB: EWLL) – a provider of the state of the art PHZIO platform for the physical therapy (“PT”) and telehealth markets, announced today that it has initiated a new convertible debt consolidation strategy that is anticipated to provide additional financing to the Company in order reduce or eliminate any convertible note conversions into equity.\n David Markowski EWLL’s CFO stated, “Our new debt consolidation strategy is anticipated to provide additional financing to the Company in order reduce or eliminate any convertible note conversions into equity. If completed, this consolidation could have a positive effect to the Company’s share price. As we now anticipate revenue traction during the second quarter, coupled with the debt consolidation plans and one or more future strategic equity investment are all key steps toward the eventual up-listing to a senior exchange”. PHZIO PlatformOur PHZIO platform has been developed to significantly support us in becoming the leader in the new industry of digital telehealth physical therapy (“dPT”). Our focus is to highlight that a majority of all future PT treatments can be accomplished with a smart phone. This new digital adoption will lower patient treatment costs, expand patient treatment access and improve patient compliance. Our PHZIO platform allows patients and PT’s to cut the cord from the old-school, wait in line, brick and mortar clinical experience to an immediate response digital, in-home PT experience. 80% of all PT assessments and treatments can now be done on a patient’s smart phone in the privacy of their own home. Digital PT is clearly the next upgrade the industry needs to make. About eWellness eWellness Healthcare Corporation (OTCQB: EWLL) is the first physical therapy telehealth company to offer insurance reimbursable real-time distance monitored treatments. Our business model is to license our PHZIO (“PHZIO”) platform to any physical therapy (“PT”) clinic in the U.S. and or have large-scale employers use our PHZIO platform as a fully PT monitored corporate wellness program. The Company’s PHZIO home physical therapy exercise platform has been de...