Business
Silver Scott Mines, Inc. Announces Acquisition of AffordableTelehealthplan.com in All-Stock Transaction
Silver Scott Mines, Inc. Announces Acquisition of AffordableTelehealthplan.com in All-Stock Transaction.
About this update from Silver Scott Mines, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Silver Scott Mines, Inc. Announces Acquisition of AffordableTelehealthplan.com in All-Stock Transaction \r\n \r\n \r\n\r\n\r\nSilver Scott Mines, Inc. Announces Acquisition of AffordableTelehealthplan.com in All-Stock Transaction \r\n\r\n\r\n\r\n\r\n\r\nMarks Entry into the Healthcare Sector and Initiates Revenue Generation FRANKLIN, NEW JERSEY / ACCESS Newswire / May 8, 2025 / Silver Scott Mines, Inc. (OTC Pink:SILS), an emerging technology holding company, today announced the acquisition of AffordableTelehealthplan.com, a leading provider of low-cost telehealth prescription services, in an all-stock transaction. This strategic acquisition marks SILS' first foray into the healthcare industry and the beginning of active revenue generation for the Company.\r\n AffordableTelehealthplan.com has established a reputation for providing accessible, affordable healthcare options through virtual consultations, offering patients access to custom compounded prescriptions. The acquisition positions SILS to capitalize on the rapidly growing telehealth sector and meet increasing consumer demand for convenient, cost-effective healthcare solutions.\r\n \"This acquisition represents a transformative step for SILS,\" said Stuart Fine, Chief Executive Officer of Silver Scott Mines, Inc. \"We are excited to enter the healthcare market with a proven business model that will contribute to our bottom line. AffordableTelehealthplan.com brings us an established customer base, operational infrastructure, and a path to long-term revenue growth.\"\r\n The all-stock nature of the transaction reflects the Company's confidence in the long-term value of the combined entity and aligns both parties toward mutual growth objectives.\r\n Alfred Farrington II, founder of AffordableTelehealthplan.com stated, \"I've been working with Stuart Fine for several weeks now. His vision for the healthcare market aligns with mine.\"\r\n Silver Scott Mines, Inc. has broadened its strategic vision to pursue high-potential acquisitions and develop technology in emerging sectors. The Company anticipates that this acquisition will be the first of several as it builds a diversified portfolio of revenue-generating businesses. The Company anticipates the transaction will close by May 31, 2025. Further details of the transaction and operational plans will be provided...