Empower Appoints Kai Medical Laboratory President Yoshi Tyler To Board of Directors

Rhea-AI Summary

Empower Clinics has appointed Yoshi Tyler to its board of directors. Tyler, who has over 13 years of leadership experience at Pfizer, has led Kai Medical Laboratory, acquired in October 2020, to surpass initial growth forecasts. Empower aims to strengthen its integrated healthcare presence across North America. The CEO, Steven McAuley, expressed confidence in Tyler's contributions, highlighting her performance and commitment. This addition is expected to enhance the leadership team as the company continues to expand its diagnostics and healthcare services.

Positive

• Yoshi Tyler appointed to board, bringing 13 years of healthcare leadership experience.
• Kai Medical Laboratory has surpassed initial growth forecasts since its acquisition.
• Strengthening leadership team to enhance company performance.

Negative

• None.

Kai Medical Laboratory, a state-of-the-art diagnostics laboratory in Dallas, was acquired by Empower Clinics on October 6, 2020 to further advance the Company's COVID-19 national testing programs for enterprise clients, including movie and television studios, businesses and travel industry

VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (8EC:Frankfurt) (EPWCF:OTCQB) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce it has appointed Ms. Yoshi Tyler to its board of directors.

With a professional and entrepreneurial background in healthcare, Ms. Tyler has more than 13 years of experience providing leadership at Pfizer, Inc., a Fortune 500 pharmaceutical company. This experience has provided her with in-depth knowledge and industry insights to found and lead Kai Medical Laboratory towards unprecedented growth. Empower fully acquired Kai Medical Laboratory in October 2020.

"We are delighted to welcome Yoshi as a valued addition to our board of directors," said Steven McAuley, Chairman & CEO of Empower. "Having diverse leadership continues to improve our company and since our acquisition of Kai Medical Laboratory, Yoshi has led her team to surpass initial growth forecasts and demonstrated an incredible work ethic and passion for excellence. I am privileged to now count Yoshi as a fellow board member in recognition of her talent, performance and passion."

"I'm thrilled to be contributing to the growth of Empower at another level of the company," said Yoshi Tyler. "After only a few months as part of the Empower team, I've witnessed the benefits of our synergies and know firsthand about the incredible potential we have to become a leading integrated health care company in North America."

This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics

ABOUT EMPOWER:

Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146

Investors:

Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the expected benefits to the Company and its shareholders as a result of the acquisition of Kai Medical Laboratory; the transaction terms; the expected number of clinics and patients following the closing; the future potential success of Kai Medical Laboratory, Sun Valley's franchise model; launch of new healthcare centers and the occurrence thereof; that the Company can bring healthcare to millions of Canadians; that new healthcare services can be added and that the Company will be positioned to be a market- leading service provider for complex patient requirements in 2020 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that Kai Medical Laboratory will successfully win any US Government RFP; that the MedX Health pilot program will be successful; that Empower will place the MedX Health teledermatology product in health centers in North America; that the Company's products may not work as expected; that the Company may not be able to expand COVID-19 testing; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; that the Company will be able to commence and/or complete build-outs and tenants improvements for Canadian clinics or Kai Medical Laboratory expansion inn 2Q 2021; that general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.

SOURCE: Empower Clinics Inc.

View source version on accesswire.com:
https://www.accesswire.com/640120/Empower-Appoints-Kai-Medical-Laboratory-President-Yoshi-Tyler-To-Board-of-Directors

FAQ

What is the significance of Yoshi Tyler's appointment to Empower Clinics' board?

Yoshi Tyler's appointment is significant as she brings extensive experience from Pfizer and has demonstrated strong leadership at Kai Medical Laboratory, expected to boost Empower's growth.

When was Kai Medical Laboratory acquired by Empower Clinics?

Kai Medical Laboratory was fully acquired by Empower Clinics on October 6, 2020.

What achievements has Kai Medical Laboratory made since its acquisition?

Since its acquisition, Kai Medical Laboratory has surpassed initial growth forecasts, showcasing its potential in expanding COVID-19 testing services.

How might Yoshi Tyler's experience impact Empower Clinics?

Yoshi Tyler's healthcare experience and leadership are expected to positively influence Empower's strategic direction and operational efficiency.