Moseda Technologies Inc.
TSX VENTURE : MSD

Moseda Technologies Inc.

October 15, 2015 04:00 ET

Moseda Technologies Announces $350,000 Purchase Order from Health Care Client

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2015) - Moseda Technologies Inc. (TSX VENTURE:MSD) ("Moseda" or the "Company"), a technology company focused on developing progressive mobile health (the "mHealth") and telemedicine solutions for institutional and home healthcare, is pleased to announce that the Company has received an initial purchase order totalling over CAD $350,000 from an unnamed client for software and hardware. The client is servicing a company in the home care space with over 20,000 patients. The order will be delivered and implemented in full by the end of November.

"We are excited to be servicing this client in the health care space. The transaction validates the demand for technologies that allow for the implementation of effective mHealth and telemedicine initiatives," said Nicholas Murray, CEO of Moseda. "Progressive health care companies and providers are seeking out technologies such as ours. We look forward to providing them with state of the art hardware and software that are specifically designed to ensure cost efficacy and improve patient care."

The home care and long-term care market in North America is estimated to be $137 billion annually according to www.ibisworld.com.

ON BEHALF OF THE BOARD

Nicholas Murray,CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Moseda Technologies Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

SOURCE: Moseda Technologies Inc.

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