Effective today,
'Salona Global is quickly becoming a larger and more complex enterprise and we are committed to recruiting experienced talent to our team as we drive rapid top line growth through acquisition and organic means,' said Salona Global CEO
'We listed just last June with
Additional National Sales Distribution Agreement
Salona Global also announced it has further expanded its product line through a national distribution agreement with Digitsole, a leader in the digital health space based in
'We anticipate this Digitsole product line will drive revenue growth by expanding the products we offer to patients, athletic trainers, and physical therapists,' said Salona Global's Executive Chairman
Salona Global is now offering Digitsole Pro, the human motion technology that helps healthcare practitioners improve their patient and business outcomes. This novel technology was developed by healthcare practitioners to measure biomechanical functions objectively, set baseline performance, and quantify the results of treatment. The system is portable and works using small sensors with a web interface and phone app. The Performance Rehab Module add-on product improves the technology by giving athletic trainers digital, quantified measurements of jump tests which can be administered in the field. The Digitsole products add to Mio-Guard's existing product line, further expanding the offerings to athletic trainers and physical therapy clinics that assist in improving patient recovery outcomes, while also aiming to improve the financial performance of the offering clinic.
'We expect to generate increased revenues from these new products in the current quarter,' said Salona Global's Chief Executive Officer
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Contact:
Chief Executive Officer
Tel: 1 (800) 760-6826
Email: Info@Salonaglobal.com
Additional Information
There can be no assurance that any acquisition (including the acquisitions contemplated herein and the targets Salona ?Global is currently negotiating within its pipeline) will ?be completed or the timing of any ?acquisitions. Completion of any transaction will be subject to, amongst other things, ?negotiation and execution of definitive agreements, applicable ?director, shareholder ?and ?regulatory approvals.?
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the ?policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.?
Unless otherwise specified, all dollar amounts in this press release are expressed in ?Canadian ?dollars. ?
Certain statements contained in this press release constitute 'forward-looking information' ?within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable ?Canadian securities laws. These statements can be identified by the use of forward-looking ?terminology such as 'expects' 'believes', 'estimates', 'may', 'would', 'could', ??'should', ??'potential', ?????'will', 'seek', 'intend', 'plan', and 'anticipate', and similar expressions as they ?relate ????to the Company, including: the Company closing the acquisitions disclosed herein; the performance of the acquisition targets post-closing; the Company anticipating that the Digitsole product line will drive revenue growth by expanding the products the Company offers to patients, athletic trainers, and physical therapists; the Company expecting to generate increased revenues from these new products in the current quarter; and the Company's expectations for the financial implications of the ?acquisitions?. All ?statements ?other than ?statements of ?historical fact may be ?forward-?looking ?information. Such statements reflect the Company's current views and ?intentions with respect to future ?events, and current information available to the Company, and ?are subject to certain risks, ?uncertainties and assumptions, including: acquisition targets ?achieving results at least as good as their historical performances; the financial information ??regarding targets being verified when included in the Company's consolidated financial ?statements prepared ?in accordance with GAAP?; the Company receiving all necessary approvals ?for the acquisitions; the Company being satisfied with its due diligence of the acquisition targets; and all ?conditions to closing an acquisition being satisfied or waived. Salona Global cautions that the forward-looking statements contained herein are ?qualified by important factors that could cause actual results to differ materially from those ?reflected by such statements. Such factors include but are not limited to the ??general business ?and ??economic ?conditions in the regions in ?which Salona Global operates; Salona Global not ?receiving the necessary approvals to close an acquisition; the ability of Salona Global to ?execute on key ??priorities, ?including the successful completion of acquisitions, business ?retention, ?and ??strategic plans and to ??attract, develop ?and retain key executives; difficulty integrating ?newly acquired businesses; ??the ability to ???implement business ?strategies and pursue business ?opportunities; ??disruptions in or ??attacks (including ?cyber-attacks) on Salona Global's ?information ?technology, internet, network ??access or other ??voice or data ?communications systems ?or services; the evolution of various types of fraud or other ???criminal ??behavior to which ?Salona ?Global is exposed; the failure of third parties to comply with their obligations to ??Salona Global ?or its ?affiliates; the ?impact of new and changes to, or application of, current laws and ?regulations; ?granting of permits and licenses in a highly regulated business; the ?overall difficult ??????litigation environment, including in
The securities referred to in this press release have not been, nor will they be, registered under ?
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