Business
eWellness Cancels Reverse Stock Split
eWellness Cancels Reverse Stock Split.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n\n Culver City, CA,, Nov. 13, 2017 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation,– (OTCQB: EWLL) – a provider of the state of the art PHZIO Platform for the physical therapy and telehealth markets, announced today that it has withdrawn it’s application for a 1:12 reverse stock split.\n The initial reason for ratifying and approving the Reverse Split was to best position the company for possible up-listing from the OTCQB to the NASDAQ.   Based upon recent and anticipated business developments our Board of Directors made the determination on November 13, 2017 not to proceed with the reverse stock split because an up-listing to the NASDAQ may be achieved after the fiscal year ending December 31, 2017 without a reverse stock split. While there can be no assurance that up-listing on the NASDAQ will be achieved, the company has informed FINRA that it was withdrawing the application and we’re canceling the pending 1:12 Reverse Split. Mr. Darwin Fogt, CEO said \"With recent business developments we are excited about the possibility of achieving the qualification for up-listing to NASDAQ in 2018 without having to complete a reverse stock split.” 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 designed to disrupt the $30 billion physical therapy and the $8 billion corporate wellness industries. PHZIO re-defines the way physical therapy can be delivered. PHZIO is the first real-time remote monitored 1-to-many physical therapy platform for home use. Due to the real-time patient monitoring feature, the PHZIO platform is insurance reimbursable by payers such as: Anthem Blue Cross and Blue Shield. The PHZIO Solution: A New Physical Therapy Delivery System  ●SaaS technology platform solution for providers bundling rehabilitation services and employer wellness programs;    ●First real-time remote moni...