VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (CSE: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a Company focused on revolutionizing the delivery of healthcare, announces it has increased doctor onboarding efforts for CloudMD, the Company’s direct-to-consumer telemedicine app, to handle the expected increased demand amidst the growing coronavirus spread.
Recently, officials from both the Centers for Disease Control and the World Health Organization urged hospitals and clinics to expand their use of telehealth services. Virtual care options such as video visits can be an effective way to evaluate and treat illnesses from the comfort of one’s home, while minimizing exposure to other potentially contagious viruses.“As demand for our services is expected to rise amidst the current Coronavirus outbreak, we are increasing our physician recruitment to manage the increased demand.” said Dr. Essam Hamza, CEO of CloudMD. “It’s better to triage patients remotely, sending only complex cases to over-stretched hospitals, allowing for a more efficient use of healthcare resources and ultimately higher quality of care for the patient population.”MEDIA COVERAGE
The Company’s CEO has recently been interviewed by multiple news sources as the public health concerns around the Coronavirus grows. See links below:https://vancouversun.com/news/local-news/what-if-a-pandemic-is-declared-in-canadahttps://omny.fm/shows/steele-drex/using-technology-to-combat-illnesshttps://globalnews.ca/video/6614149/b-c-company-uses-simple-technology-to-help-manage-the-covid-19-outbreakhttps://ca.proactiveinvestors.com/companies/news/914509/cloudmd-has-built-solid-infrastructure-taking-telemedicine-to-whole-new-level-914509.htmlPRIVATE PLACEMENT UPDATE
In addition, the Company would like to announce, pursuant to its previously announced brokered financing with Gravitas Securities dated March 2, that the order book is through the base offering of $3 million based on significant interest, and the book will be closing Wednesday, March 11 at 4:00 PM EST.To learn more about CloudMD’s telemedicine services, visit www.cloudmd.ca. The CloudMD app is now available for download on the Apple Store and Google Play.ON BEHALF OF THE BOARD OF DIRECTORS“Dr. Essam Hamza, MD”
Chief Executive Officer About CloudMD Software & ServicesCloudMD is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). CloudMD currently has a combined ecosystem of 315 clinics, over 3000 licensed practitioners and almost 3 million registered patients.The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.FOR ADDITIONAL INVESTOR INFORMATION CONTACT:CloudMD Software & Services Inc.
investors.cloudmd.ca
Email: [email protected]Renmark Financial Communications Inc.
Bettina Filippone: [email protected]
Tel:(416) 644-2020 or (514) 939-3989
www.renmarkfinancial.comFOR MEDIA INQUIRIES CONTACT:
[email protected]
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