ActiveCare Announces First Quarter Financial Results With A $6 Million Financing Partnership with Partners for Growth
Orem, Utah March 1, 2016 – ActiveCare, Inc. (ACAR), a leader in diabetes management products and wellness services for self-insured employers nationwide, reported financial results for the first fiscal quarter ended December 31, 2015.
“Our strong financial progress is the result of our continued progress in the market. We have restructured both the entire Company from sales to operations aligning ourselves to better serve our clients. As a result during the past quarter we exceeded our projected goals adding over 2,600 new members. In order to capitalize on our continual growth in February the Company was able to close $6 million in financing while restructuring the balance sheet,” stated James Dalton, CEO and chairman of ActiveCare.
First Quarter Results
The Company also reported the closing of transactions resulting in restructuring the Company’s cap table and providing financing to the Company. Those transactions include the following:
“We have strengthened our existing partnerships while we have continued to gain the attention of the market. We are now able to attract and acquire the talent we need on both our board of directors but also in sales and operations in order to take the Company to the next level. The increased financing puts the Company in a good position to capitalize on opportunities and accelerate our growth, which we believe will exceed our projected goals,” concluded Dalton.
ActiveCare, Inc. provides patented diabetes monitoring and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Utilizing proprietary monitoring technology, trained CareSpecialists can intervene in real-time and provide members with the support needed to control their disease 24 hours a day, every day. Headquartered in Orem, Utah and publicly traded on the OTC Bulletin Board under the symbol ACAR, ActiveCare's solution is changing the way employers, individuals and their health plans monitor chronic disease. To learn more about ActiveCare, Inc., visit the website at www.activecare.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, regulatory uncertainty and economic pressure on the healthcare industry in particular, the governmental regulation of our products, manufacturing and marketing risks, and adverse publicity risks. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.