SOURCE: EncounterCare Solutions

August 03, 2015 09:46 ET

EncounterCare Solutions Announces Joint Venture Agreement With CNV Systems Ltd.

PALM BEACH GARDENS, FL--(Marketwired - Aug 3, 2015) -  EncounterCare Solutions (OTC PINK: ECSL) is pleased to announce that it has signed a Letter Of Intent to enter into a joint venture with CNV Systems Ltd. (CNV), a Vancouver, B.C. domiciled company, with sub- operations in San Francisco, Taipei, and Shenzhen. CNV specializes in research engineering and production of high efficiency wireless multi-vital-sign sensors for remote health monitoring and preventive care applications.

With multiple patents filed, CNV's VST (vital sign tracker) Sensor Engine enables continuous low power monitoring of: heart rate, activity, temperature, PTT (Pulse transit time), Sp02 (Blood oxygen), and GSR (Galvanic skin response) with the convenience of a single contact point on the arm. Encrypted data can be processed for biometric parameters relating to: sleep cycles, activity, anxiety, depression or seizures then calibrated into a "LifeScore" rating upon which pre-crisis, preventive measures can be applied and verified.

Ronald Mills, President of EncounterCare Solutions, stated that the combination of CNV's multi-sensor technology paired with the patented, FDA approved Electronic House Call System, under the Acculife™ brand, will establish a powerful and timely remote health diagnostic and monitoring solution. The combined technologies will allow medical professionals and non-professionals to improve individual care of patients through a centrally administered iOT (internet of things) based system of continuous health monitoring and quantification of treatment care.

We believe that Acculife™ sensor devices coupled with our Electronic House Call, CyberCare software will be a powerful, yet, easily managed system, enabling the company to position itself in the rapidly growing "telehealth" or "ehealth" market.

What is "telehealth" or "ehealth"? ;
http://www.mayoclinic.org/healthy-lifestyle/consumer-health/in-depth/telehealth/art-20044878

  • The annual smart wearable healthcare market volume will grow from $2 billion in 2014 to $41 billion in 2020, a compound annual growth rate of 65%. (CDW Healthcare)

We believe that the new Acculife™ turnkey solution will be uniquely positioned and provide us with the ability to capture a portion of that market. 

Personal health, wellness product market to reach $8B by 2018
The Consumer Electronics Association (CEA) has announced the results of a new report which predicts more than a 142 percent increase in personal health and wellness product sales and software and service revenues over the next five years.

During this period, product sales of software and service revenues will see the largest growth, according to the report, having generated more than $3.3 billion of revenue in 2013, and growing to more than $8 billion by 2018. With more than 40 million personal health and wellness products having sold in 2013, the figure is expected to rise to more than 70 million by 2018. 

Wearable technology market to hit $6B by 2016
http://www.fiercemobilehealthcare.com/story/wearable-technology-market-hit-6b-2016/2012-08-09#ixzz2BPjlfRpd

Market for embedded health monitoring-gadgets to hit 170M devices by 2017
http://www.fiercemobilehealthcare.com/story/market-embedded-health-monitoring-gadgets-hit-170m-devices-2017/2012-08-03

Paul Harris, CEO of CNV Systems, stated, "We are absolutely thrilled to have our leading edge technology paired with the equally impressive Electronic House Call system. It is our vision that the future of traditional health care and personalized remote health care are on a converging plane. With more accurate sensing and cutting edge technology to track, analyze, and relay that information, individuals will be empowered with clear understanding surrounding their health and lifestyle routine, providing ability towards major advances in long term quality of life and health care savings."

Ronald Mills, CEO of EncounterCare, added, "I have been deeply involved in the health care industry for most of my professional life. I have devoted years to perfecting the CyberCare Health technology with a vision focused on the introduction of remote health care becoming a significant part of individual health. With the anticipated joint venture between CNV and EncounterCare, the new company will be positioned to become a major player in that market as it gains ground and matures."

About CNV Systems Ltd.:
CNV Systems Ltd. is a Canadian owned bio sensor research company based in Vancouver, British Columbia. It is comprised of an international team is of highly experienced researchers, product managers and business executives with 20+ years tech dev experience, and 11+ years of health wearable R&D and production expertise. We focus on researching and applying the latest bio sensor technologies in commercial applications.
http://www.cnvsystems.com

About CyberCare Health Network:
CyberCare Health Network is a wholly owned subsidiary of EncounterCare Solutions (OTC PINK: ECSL), headquartered in Palm Beach Gardens, Florida, and is an integrated Healthcare and Energy company that operates its business through two divisions, the Healthcare Technology Division and the Healthcare Services Division. The Company's healthcare businesses offer a broad range of proprietary healthcare technology, products and services that address several substantial target markets including the Healthcare Information Technology Market, the Healthcare Telemedicine Market and the Homecare Visit our CyberCare Health Network website at 
www.CyberCarehn.com.

Safe Harbor:
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Act of 1995. When used in this press release, the words or phrases "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intends," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to, economic conditions, dependence on management, dilution to shareholders, lack of capital changes in laws or regulations, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth, demand for products and services of the Company, newly developing technologies, its ability to compete, conflicts of interest related to party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.

Contact Information

  • Contact:
    Bill Robertson
    604 837 3835
    Investor relations