Business
eWellness’ Institutional Investor’s Complete Conversion of Debt to Equity
eWellness’ Institutional Investor’s Complete Conversion of Debt to Equity.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n\n Culver City, CA, Oct. 03, 2017 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation,– (OTCQB: EWLL) – a provider of the state of the art PHZIO (“PHZIO) platform for the physical therapy (“PT”) and telehealth markets, announced today that approximately $591,219 in convertible notes and interest have been converted to equity and sold into the market by EWLL Acquisition Partners, LLC and JEB Partners L.P. These conversions have significantly reduced the convertible debt outstanding. As of the date noted above there are approximately 136.3 million shares of common stock issued and outstanding.\n 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 platform to 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 PT exercise platform has been designed to disrupt the $30 billion PT and the $8 billion corporate wellness industries. PHZIO re-defines the way PT can be delivered. PHZIO is the first real-time remote monitored 1-to-many PT platform for home use. Due to the real-time patient monitoring feature, the PHZIO platform is insurance reimbursable. The PHZIO Solution: A New PT Delivery System             ●         SaaS technology platform solution for providers bundling rehabilitation services and employer wellness programs;                             ●         First real-time remote monitored 1-to-many PT treatment platform for home use;                             ●         Ability for physical therapists to observe multiple patients simultaneously in real-time;                   ...