TUCSON, Ariz., Oct. 23, 2018 /PRNewswire/ -- Toron, Inc. (OTC Pink: TRON) provides its stockholders today with a corporate status regarding corporate actions.
"After our long and difficult road to finalize the complex documentation for the acquisition of The InMed Group, such was completed on October 10, 2018. Our acquisition was extremely complex given that we were acquiring numerous operating entities in 2 states and ensuring that all required permits and licenses remained intact. Our partner, Flagship Properties, has stood by our side during this process and we look forward to working with Flagship in the future," stated Rene Ortiz Morentin, Toron's Chief Executive Officer.
Under the terms of the transaction, Pantheon Partners SRL has agreed to transfer 100 Million shares of Toron, Inc. stock to Flagship Properties, LLC, and 100 Million shares of Toron, Inc. stock to InMed Group.
"Our transition team is poised to add efficiencies to the operations of The InMed Group to strengthen and grow cash flow. Moreover, we are negotiating with several financial institutions to provide Toron with a substantial operating line of credit to further add efficiencies for InMed operations and facilitate Toron's continued growth," further added Ortiz Morentin.
We are pleased to announce that Brad Eisemann, InMed's Chief Operating Officer, will be joining the Toron Board of Directors along with Rene Ortiz Morentin and Patrick Ryan. Mr. Eisemann has been with InMed for the past 15 years and has been key in developing and implementing new strategic revenue sources, creating sustainable change within healthcare facilities; enhancing medical management practices, and creating, evaluating and implementing strategically sound M&A opportunities. Mr. Eisemann has more than 10 years of experience as a Chief Executive Officer of healthcare facilities including hospitals and assisted living facilities. Mr. Eisemann served over 20 years in the U.S. Air Force and retired with honors as a Master Sergeant. Mr. Eisemann holds Bachelor of Science in Finance from Hawaii Pacific University in Honolulu, Hawaii.
"We will be finalizing our new board members in late November," stated Ortiz Morentin.
About Toron, Inc.
Toron, Inc. is an innovative disruptive healthcare technology company located in Tucson, Arizona. The Company's objectives are twofold: (1) focused upon integrating access to electronic data interfaces for healthcare providers and payer systems in a user-friendly manner by providing ease of use for patients by simplifying their check-in registration process; and (2) acquisition of healthcare facilities, critical care units, and senior care facilities. http://www.toronic.com and http://www.imedscan.com
About InMed Group, Inc.
InMed is a privately held corporation which has been in business since 1994. The company operates three (3) hospitals located in Alabama and Georgia. Additionally, the company owns and operates eight (8) adult assisted living facilities. http://www.inmedgroup.com; http://www.bullockcountyhospital.com; http://www.crenshawcommunityhospital.com; and http://mountainlakesmedicalcenter.com
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Toron, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Toron, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.
SOURCE Toron, Inc.