Attached files
file | filename |
---|---|
8-K - IGAMBIT 8-K LETTER OF INTENT - Clinigence Holdings, Inc. | igambitform_8khubcentrixloi2.htm |
HubCentrix Inc. and iGambit Inc. sign Letter of Intent for iGambit Inc.
to acquire the assets of HubCentrix Inc.
Smithtown, NY (Marketwired - August 26, 2016), HubCentrix and
iGambit Inc.(OTCQB:IGMB) sign LOI .
Under the terms of the LOI, iGambit Inc. will acquire substantially all the
assets of HubCentrix Inc. and will assume certain specifically identified lia-
bilities. Payment for the acquisition will be made in the form of iGambit
common stock.
iGambit Inc. and HubCentrix Inc. will collaborate in the preparation of
a Asset Purchase Agreement.
iGambit Inc. estimates a closing within 45-60 days from the signing of
the Letter of Intent and the commencement of due diligence. iGambit Inc.
will use its best efforts to speed the transaction to a closing.
The LOI has certain binding and non-binding obligations, and the transac-
tion is subject to various conditions to closing, including satisfactory com-
pletion of due diligence, approval of the Companys shareholders, if re-
quired, and definitive documentation. A copy of the Form 8-K report may
be accessed at www.sec.gov
John Salerno, Chairman of iGambit, stated, We feel their qualified
technical team and marketing and brand identity skills are the perfect com-
plement to our pending CyberCare Health Network acquisition. More-
over HubCentrixs newly launched wellness management software fur-
ther enhances the ability for CyberCare to fulfill its mission and grow
rapidly as the new industry gains momentum.
Jerry Robinson, CEO of HubCentrix, stated, We see significant syn-
ergy between our companies offerings. The HubCentrix Annual Wellness
Visit Portal automates the process by allowing the patient or provider to
complete a Health Risk Assessment (HRA) online. Our algorithm pro-
duces detailed patient reports, physician reports, and summary reports for
billing. The HRA identifies those patients who are at risk for chronic con-
ditions, allowing the physician and the patient to be pro-active on address-
ing issues before they become life-threatening and costly. As these chronic
care patients are identified the need for CyberCares Electronic Housecall
system and wearable medical devices expands.
For more information, please visit www.cybercarehn.com.
The importance of an Annual Wellness Visit (AWV) is so valued by
Medicare that this preventive care is provided at no cost. The AWV is a
Medicare-sanctioned, wellness program provided free of cost to medicare
patients 66+. There are over 44 million medicare recipients and less than
12% are enrolled in the AWV.
The HubCentrix AWV application was designed specifically for medi-
care patients; however, the HRA is a standardized method of collecting
health risk data that is used by multiple organizations to identify the
health risks of their population.
About: HubCentrix Inc.
HubCentrix is located in St. Petersburg, Florida and serves clients through-
out the U.S. The company has been at the forefront of web-based collabo-
ration and digital asset management. HubCentrix has a special expertise in
streamlining the process of capturing and managing information in the
document-intensive medical field.
For more information, please visit www.hubcentrix.com.
About: iGambit Inc:
iGambit (OTCQB: IGMB) is a fully reporting publicly-held company.
We are a diversified company pursuing specific technology strategies and
objectives. These objectives have included, among others, the acquisi-
tion of early-stage technology companies with strong growth potential
easily recognized in the public arena. We believe that the background of
our management and of our Board of Directors in the technology markets
is a valuable resource that makes us a desirable business partner. We ex-
pect to work to assume an active role in the development and growth of
the new company, providing both strategic guidance and operational sup-
port. The management of iGambit believes that it can leverage its collec-
tive expertise to help position the combined company to produce high-
margin, recurring and predictable earnings and generate long-term value
for our stockholders. For more information, please visit www.igam-
bit.com. Information on our website does not comprise a part of this press
release.
Safe Harbor:
Certain statements and information included in this press release consti-
tute "forward-looking statements" within the meaning of the Federal Pri-
vate Securities Litigation Act of 1995. When used in this press release,
the words or phrases "will likely result," "expected to," "will continue,"
"anticipated," "estimate," "projected," "intends," or similar expressions
are intended to identify "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
are subject to certain risks, known and unknown, and uncertainties, in-
cluding but not limited to, economic conditions, dependence on manage-
ment, dilution to shareholders, lack of capital changes in laws or regula-
tions, the effects of rapid growth upon the Company and the ability of
management to effectively respond to the growth, demand for products
and services of the Company, newly developing technologies, its ability
to compete, conflicts of interest related to party transactions, regulatory
matters, protection of technology, lack of industry standards, the effects
of competition, and the ability of the Company to obtain additional fi-
nancing. Such factors could materially adversely affect the Company's fi-
nancial performance and could cause the Company's actual results for fu-
ture periods to differ materially from any opinions or statements ex-
pressed within this press release.
Contact:
Bill Robertson
Ph. No. 604 837 3835