Millennium HealthCare Signs Exclusive Distribution Agreement with eWellness Corporation for Northeast and Mid-Atlantic Regions
GARDEN CITY, N.Y., June 18, 2013 /PRNewswire/ -- Millennium HealthCare Inc. (OTC Pink: MHCC) today announced that it has entered into an exclusive 25-year Supply and Distribution agreement for the Northeast and Mid-Atlantic regions with eWellness Corporation ("EWC") for its Distance Monitored Physical Therapy Program ("DMpt").
"An easy to use physical therapy program is a critical element in reducing the effects of diabetes and cardiovascular disease," said Chris Amandola, president, Millennium HealthCare Inc. "The DMpt has the potential to dramatically reduce the total health expenditures associated with these diseases, and we anticipate rolling out this important program to our East Coast network of physicians along the East Coast during the third quarter of 2013."
The DMpt program, which includes patient testing, exercise intervention, exercise demonstration, on-line program monitoring and follow-up, has been developed by accomplished Los Angeles-based physical therapist Darwin Fogt. Mr. Fogt has extensive experience and education in working with diverse populations from professional athletes to the morbidly obese. He understands the most beneficial exercise prescription to achieve optimal results and is able to motivate all patient types to stay consistent in working toward their goals. The program also includes a trackable physical therapy element along with reachable patient program goals.
"We are highly impressed with Millennium HealthCare's ability to market to a broad range of physician practices, managed-care networks and healthcare clinics," said Darwin Fogt, President of EWC. "Their ability to expand our unique exercise program's market acceptance in this multi-billion dollar market segment was the driving force behind our partnership."
About Millennium HealthCare Inc.
Millennium HealthCare Inc. through its wholly owned operating subsidiaries provide primary care physician practices, physician groups and healthcare facilities of all sizes with cutting edge medical devices focused primarily on preventive care through early detection. The Company also provides advanced billing & coding services and practice development & management services specializing in cardiology.
Millennium Medical Devices targets partnerships with medical device companies that provide innovative medical devices that are cost effective, utilize cutting edge technology and are FDA approved. The devices the company distributes have been selected due to their ability to detect medical issues early with a positive medical outcome. All of the products the company distributes are reimbursable.
About eWellness Corporation.
eWellness is a privately held Nevada corporation that provides Distance Monitored Physical Therapy Programs to diabetic, cardiac and health challenged patients, through contracted physician practices and healthcare systems. We anticipated launching our on-line services on or before September 1, 2013. EWC's plan is to become the new "Go-To" physical therapy solution in the national diabetes and obesity epidemic.
Millennium HealthCare Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.
SOURCE Millennium HealthCare Inc.
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