Mr. Michael Dalsin reports

PATIENT HOME MONITORING ANNOUNCES ANOTHER RECORD QUARTER OF REVENUE AND PROFIT, REPORTS 194% ANNUALIZED QUARTER-OVER-QUARTER INCREASE IN REVENUE GROWTH

Patient Home Monitoring Corp. has released its financial results for the third quarter of fiscal 2015, ending in June.

Third quarter 2015 highlights

Growth milestones:

• Completed more than $167-million in transactions for the quarter;
• Completed $67,275,000 equity financing, building the balance sheet for further acquisitions and organic growth;
• Closed a $100,175,545 acquisition of Sleep Management, a company with annualized revenues of $42.5-million, and earnings before interest, taxes, depreciation and amortization margins in excess of 30 per cent;
• Increased annualized run-rate revenues to $116-million in June compared with $62,148,000 in March;
• Appointed Casey Hoyt as chief executive officer.

Increased revenue:

• Revenue for the quarter rose to $19,354,728, a 48-per-cent increase from the previous quarter and a 255-per-cent increase year over year.
• Revenues included only one month of Sleep Management.

Improved profitability:

• Net income before stock-based compensation, transactional and non-recurring costs rose to $3,452,620, a 113-per-cent increase from the previous quarter and a 285-per-cent increase from the same quarter last year.
• Adjusted earnings before interest, taxes, depreciation and amortization before transactional and non-recurring cost rose to $4,600,591, a 61-per-cent increase from the previous quarter.

PHM is rolling up a large and fragmented market of small, profitable businesses providing health care products and services to chronically ill patients. The companies are acquired for their technical and market expertise in certain product and service lines, as well as their patient databases. Once acquired, PHM works to offer these newly acquired services to its entire patient base, thereby increasing revenue per patient, and achieving organic postacquisition revenue growth and profits.

"This was truly a transformational quarter for PHM," said Casey Hoyt, chief executive officer of PHM. "PHM's vision and goals have never changed, we're only adding to our arsenal. Not only will we continue to make accretive acquisitions that will benefit our shareholders, we will continue to cross-sell to increase revenues postacquisition. In addition to that, PHM will benefit from our organic growth strategy. We feel our organic growth platform will increase revenues in PHM's existing businesses. This approach resulted in Sleep Management's revenues growing 100 per cent year over year over the last three years. It's a proven model that works and it should have an impact on PHM's bottom line going forward. We have made investments since closing in order to increase organic growth that will have a positive financial impact as soon as the upcoming quarter. This opportunity is the key reason why Mike and I decided to take take the helm of PHM and lead the company to the next level.

"There is tremendous potential in this quarter-trillion-dollar market. I believe our competitive advantage in this fast-growing market will provide opportunities for significant revenue and profit growth over the coming quarters, and that we have really just begun in terms of building PHM to the vision the management team and board share."

"This is our ninth consecutive quarter of record revenues and profits," said Michael Dalsin, non-executive chairman of PHM. "And this quarter is certainly the most crucial quarter PHM has ever had. By raising $67-million and closing a $100-million deal, all in the same quarter, we have moved PHM into the next phase of its life cycle. As part of this transformation, we continue to work on finishing the process for uplisting onto a U.S. exchange and are currently finalizing our process for a senior listing in Canada."

PHM will host an interactive question-and-answer earnings call at 5 p.m. ET on Wednesday, Sept. 2, 2015, to provide in-depth data and analysis about the quarterly results.

Presenters from the company will be Casey Hoyt (chief executive officer), Andrew Folmer (chief financial officer), Edward Brann (merger and acquisition banker for PHM) and Michael Dalsin (non-executive chairman).

The details of the call are:

• Wednesday, Sept. 2, 2015, at 5 p.m. ET;
• United States and Canada toll-free dial-in: 855-886-8711;
• Meeting ID: 28287469.

Financial professionals are invited to call in to register 24 hours in advance to ask questions. To preregister as a qualified caller, please e-mail dwilson@myphm.com by 5 p.m. ET on Tuesday, Sept. 1, 2015.

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