WHSI REAFFIRMS ITS
It is part of WHSI's strategy to become a fully reporting company to the
Harrysen Mittler, Chairman and CEO of WHSI, says "Form 10 includes the required two years financial audit."
WHSI FORM 10 HIGHLIGHTS
-WHSI is forecasting sales of
-Estimated sales of
-Based on that sales total, it would receive a projected
-Plus, it projects it would receive new revenue of
-Projected sales for full year 2022 is
Form 10 also offers a snapshot of WHSI's operations. WHSI gained
As of
-WHSI sharply reduced its net loss to
-Net increase in cash in 2021 to
-Reduced G&A expenses of
-Higher current assets of
-Current liabilities of
-Total working capital flat at (
WHSI 'TELEHEALTH-READY'
-WHSI reported that it is an emerging company in its Form 10. It is introducing new, more sophisticated technology in its 'smart' devices. It is a telehealth-ready company. It is also focused on developing its Next Generation Platform which will add updates and upgrades to it iHelp device.
The 4G iHelp MAX scheduled to launch early this year is a state-of-the-art technical device. As all 3G devices are phased out by telecommunications providers starting this month, 4G is the newest technology.
WHSI sells to the growing home security and home healthcare markets. It is now integrating the newest technology, such as voice artificial intelligence (AI), into its existing Smart products.
WHSI 'NOW SUFFICIENTLY CAPITALIZED'
"With the Company now sufficiently capitalized we are poised to increase inventories for our next generation of Personal Emergency Response Systems (PERS) devices ready for sales launch in early 2022," says Harrysen Mittler, Chairman and CEO. "In addition, we are retiring some corporate debt and hiring additional personnel to assist us in marketing our next generation of technologies and products globally."
Mittler says the Company is now fully funded for the 4G iHelp MAX launch through its
WHSI UPLISTING
"Once our Form 10 Registration Statement is effective, we will consider an up listing to a broader stock exchange which could expand our exposure to institutional investors, money managers, family office funds, broker dealers, and other investors which is an important milestone in our corporate progression," he concluded.
The Form 10 filing is subject to
WHSI will begin filing annual reports with the
WHSI'S 'NEXT GEN' INT'L DEALER NETWORKS
WHSI is anticipating that it may open 'next generation' dealer networks in
An analysis of WHSI's Form 10 shows for the FY ended
WHSI also cut its general and administrative expenses (G&A) for the year ended
New telecommunications will be driving its projected 2022 sales. The key investment catalyst for WHSI is a larger market share in several soaring remote monitoring markets employing the newest technology. They include artificial intelligence (AI), Blue Tooth, Backend As A Service (Baas), IoT, Wi-Fi, Central Cloud Management and 4G telecommunications.
Operating revenues for WHSI were
It also reported its net loss for FY ended
COMING SOON: 4G iHelp MAX(TM)
One of its newest products with sophisticated technology is its iHelp MAX(TM) 4G. It is currently in the testing and production phase. It features Wi-Fi, NFC (wireless data transfer) technology and Bluetooth 4.0 Low Energy features.
It also offers "telehealth-ready" advantages such as remote monitoring and transmission of the user's health vitals to emergency personnel and caregivers.
It will offer GPS tracking services plus remote patient monitoring (RPM). It will have body mounted sensors and artificial intelligence (AI). Fall detection and geofencing are other features included.
The iHelp Next Generation Platform (NGP) would monitor in real time medical vitals, such as blood pressure and oxygen levels.
15 MONITORING STATIONS
WHSI is a multiple revenue stream company. It sells high-technology wearable devices and body mounted sensors internationally. It also operates a subsidiary,
Keep WHSI stock on your watch list as it integrates technology into its increasingly sophisticated monitoring products. It competes in several dynamic remote monitoring growth markets. For more information, visit wearablehealthsolutions.com.
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