WINNIPEG, Manitoba, Oct. 10, 2019 (GLOBE NEWSWIRE) — People Corporation (TSX-V: PEO) (the “Company”) announced today that it has launched a new mental health and virtual therapy solution, People Connect. According to the Mental Health Commission, over 500,000 employees miss work in any given week, and approximately one in five will face a mental health challenge over the course of their lifetime.
Organizations and employers understand the impact of mental health challenges on absenteeism, drug utilization costs, short and long term disability costs and overall productivity. Collectively the workplace cost is estimated at over CAD $51 billion, annually.People Connect helps address these challenges by offering a one-stop site with resources and tools for organizations and their employees or members. People Connect includes an information blog, a Diagnostic and Statistical Manual (DSM)-based mental health assessment, virtual live therapy sessions, and psychiatric collaboration.“We are excited to bring this industry-leading option to our clients and their employees,” states Judith Plotkin, Vice President of Strategic Health Solutions, “It was important to include a connection for therapists and psychiatrists to collaborate, as well as an assessment tool based on the DSM, as it is the globally recognized gold standard diagnostic tool for mental health.”“Through our partnership with Inkblot, a leading virtual therapy provider, we have created a truly innovative and proprietary solution for our clients,” said Laurie Goldberg, CEO. “People Connect is a solution to help address the financial impact mental health has on the workplace, and more importantly, helps our clients to support their employees and members in living healthier and more productive lives.”Luke Vigeant, CEO and co-founder of Inkblot commented, “The Inkblot team is proud of the work we are doing in partnership with People Corporation to improve workplace mental health and the lives of employees across Canada.”To learn more about People Connect, please visit www.pcpeopleconnect.com today.About People CorporationPeople Corporation (https://www.peoplecorporation.com) is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company that is traded on the TSX-V. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation’s expertise and proven track record to work will make a difference to your people and your bottom line. Further information is available at www.peoplecorporation.com.About InkblotInkblot creates innovative solutions for mental healthcare. Inkblot explores the intersection of mental health services and technology to create data-driven, scalable, full-pipeline solutions for their clients. The partnership with People Corporation provides a cohesive mental wellness solution on a single platform, which includes resources for employees, managers and leaders, an assessment tool based on the world-renowned DSM (Diagnostic and Statistical Manual), and an embedded Inkblot treatment solution. Users choose their counsellor amongst a vetted list of best-matched practitioners based on their unique needs and preferences. Inkblot’s primary mode of counselling is video-based which ensures that client-counsellor match is not dependent on location, but rather on factors that predict the highest level of positive clinical outcome.Forward-Looking InformationThis news release contains “forward-looking statements” within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as “may”, “will”, “expect”, “believe”, “intends”, “likely”, or other words of similar effect may indicate a “forward-looking” statement. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Company’s publicly filed documents (available on SEDAR at www.sedar.com). Those risks and uncertainties include the ability to maintain profitability and manage organic or acquisition growth, reliance on information systems and technology, reputation risk, dependence on key clients, reliance on key professionals and general economic conditions. Many of these risks and uncertainties can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statement made by the Company or on its behalf. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this news release are qualified by these cautionary statements. These statements are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.Investor Relations Inquiries:Jonathan Ross, CFA
Investor Relations – People Corporation
(416) 283-0178
jon.ross@loderockadvisors.comDennis Stewner, CPA, CA
CFO and COO – People Corporation
(204) 940-3988
dennis.stewner@peoplecorporation.com
www.peoplecorporation.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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