Business
Novus Reports Third Quarter Results
Novus Reports Third Quarter Results.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"Accelerates Growth As Its MedPlan Is Integrated With Fully Guaranteed Issued Carrier Health PlansMIAMI, FL / ACCESSWIRE / November 16, 2020 / Novus Acquisition and Development, Corp. (OTC PINK:NDEV), through its wholly-owned subsidiary WCIG Insurance Services, LLC., is an insurance entity in health and, the nation's first carrier offering cannabis health plans to recreation and medicinal users, today reported, its financial and operational results for the three months ended September 30, 2020.Novus contended for 3 years to gain the interest of Third-Party Administrators that managed employee benefits for major health carriers to no avail. Then a series of breakthroughs occurred, with execution of deals that integrated Novus cannabis benefit packages with health carriers guaranteed issued insurance plans.This has been our most notable event since entering as a health insurance entity that includes cannabis in health plans to the mainstream. What makes this so unique is:a) For the carriers, our cannabis benefit packages can entice new customers and as a mechanism to upsell to current members,b) Transpiring Novus from being a Discount Medical Plan to a field of designated healthcare carrier with the premier level of guaranteed health coverageNovus' CEO, Frank Labrozzi, stated, "We foresee future success as we engage more health carriers through their Third-Party Administrators. Opening up greater opportunity through group distributions combined with our existing individual sales. Our business model objective has never changed, to position ourselves as a high growth insurance entity with minimal risk translating to a probable higher than average P/E ratios which insurance companies are accustomed to."Notable Third Quarter Accomplishments:Medova Healthcare Agreement Executed Novus has executed an agreement with Medova Healthcare that offers Bridgewell Health®, which are six guaranteed issued plans that offer preventive and wellness plans with robust medical benefits designed for employee group health benefits. Click Here To Learn More Unique Insurance Concepts UIC Agreement Executed Unique Insurance Concepts is a consortium of health insurance agents that focuses on group policies, Medicare supplements, dental and critical illness to over 5,000 corporate clients. Click Here To Learn More Go Enroll / Elevate Wel...