03:24:43 EDT Wed 08 May 2024
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Leveljump Healthcare Corp
Symbol JUMP
Shares Issued 96,484,729
Close 2024-02-14 C$ 0.065
Market Cap C$ 6,271,507
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Leveljump reviews 2023 operations, talks 2024 plans

2024-02-16 09:27 ET - News Release

Mr. Mitchell Geisler reports

LEVELJUMP PROVIDES BUSINESS UPDATE; REFLECTION ON 2023 ACCOMPLISHMENTS & PLANNED GROWTH FOR 2024

Leveljump Healthcare Corp. has provided an update of its 2023 accomplishments and coming 2024 developments.

Doubling of Leveljump's independent health care facility footprint

On Oct. 6, 2023, Leveljump completed the acquisition of four Alberta-based diagnostic imaging clinics offering multimodality imaging to local communities in Calgary. Since the acquisition, the company has been working vigorously to streamline operations, increase revenues at all locations and elevate the overall patient experience.

"In 2023, JUMP strategically focused on acquisitions and modernizing operations in existing and newly acquired clinics," said chief executive officer Mitch Geisler. "With a commitment to boosting revenue and increasing shareholder value, the company is forging ahead, establishing an efficient operational framework for sustained growth and success in the evolving market landscape."

Leveljump's Yonge-Sheppard flagship clinic

Located at the central, high-foot-traffic location of the Yonge Sheppard Centre, Leveljump's highly anticipated flagship clinic is expected to open Q2 2024. Following the acquisition of the licence in December of 2022, the company has spent 2023 developing the multimodality clinic, ensuring its readiness to provide patients with high-quality X-ray and ultrasound services.

Beyond the initial focus on diagnostic imaging, Leveljump has plans to expand the Yonge Sheppard location, establishing it as the first location for in-person telehospital care, providing primary physician care. The clinic's central location, accessible via two subway lines, guarantees not only high visibility but also ensures convenience for Toronto residents seeking accessible health care.

Telehospital Web development

In 2023, the company began the development of Telehospital Canada in partnership with 247 Labs Inc., an award-winning team of experienced Web and mobile app developers. The digital health platform will provide remote urgent care and emergency room consultation services to Canadians, in hopes of marking a significant step toward revolutionizing health care accessibility and convenience.

Scheduled for launch in the coming year, this innovative platform aligns with the company's vision of leveraging technology to enhance and extend vital health care services to a broader population.

The company is expecting to launch the beta site in Q2 2024.

Expansion of teleradiology services beyond Ontario

In September of 2023, the company achieved a significant milestone by extending its teleradiology services beyond Ontario, into Saskatchewan. The expansion reflects the strategic vision of CTS (Leveljump's wholly owned operating subsidiary), which not only added on more client hospitals in 2023, but is actively pursuing new client acquisitions for the continuing year.

As part of this growth strategy, CTS aims to further solidify its presence in the health care sector, enhancing its network of client hospitals beyond the current scope through its commitment to innovation and efficiency. CTS presently serves as the largest teleradiology company in Canada, reflecting a substantial footprint that positions the company as a coming key player in providing essential health care services across the region.

Looking ahead, the company remains dedicated to expanding its reach, creating new partnerships, and providing health care solutions to hospitals and clinics across Canada.

Update on settlement with Real Time Medical (RTM)

Further to its news release of Aug. 30, 2023, the company wishes to announce that it has entered into a revised settlement agreement with RTM whereby RTM has agreed to purchase the company's interest in RTM in exchange for forgiveness of a shareholder loan and the discontinuance of an oppression claim brought by the company against RTM and its directors in Ontario Superior Court (CV-22-683214-00CL).

The settlement agreement originally provided that RTM would pay the company $1,084,000 in cash by Jan. 15, 2024. Under the revised settlement agreement, the company will now receive total cash of $1,184,000 of which $200,000 has been received, $100,000 is due on Feb. 28, 2024, and the balance of $884,000 is due on April 30, 2024. In the event of default by RTM, the company shall be entitled to obtain default judgement.

Update on non-brokered private placement

The company also wishes to announce that, following receipt of exchange approval, and further to its news releases dated Nov. 28, 2023, and Jan. 17, 2024, there have been no further closings under the company's now closed private placement.

About Leveljump Healthcare Corp.

Leveljump Healthcare provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in-person radiology services through its diagnostic centres. Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities it serves.

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