Healthcare Integrated Technologies welcomes Justin Freishtat as its Chief Capital Officer

Rhea-AI Summary

Healthcare Integrated Technologies (HITC) has appointed Justin Freishtat as its Chief Capital Officer. Freishtat brings significant experience, having built Heartland Foods to $87 million in gross revenue before its acquisition by a private equity firm in 2022. He also served as Managing Partner and President of Sales at Kerns Capital and Marketing, managing multiple investment strategies and a social media marketing segment serving over 5,000 clients since 2015.

CEO Scott Boruff emphasized that Freishtat's experience in capital raising will be important for HITC's growth aspirations. The company, which specializes in AI-driven safety and monitoring solutions, is expanding beyond its core focus in senior living and healthcare into education, transportation, and commercial industries.

Positive

• Appointment of experienced executive with proven track record in business growth (Heartland Foods: $87M revenue)
• Strategic expansion beyond healthcare into education, transportation, and commercial industries
• Addition of expertise in capital raising to support growth initiatives

Negative

• None.

Knoxville, TN, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Healthcare Integrated Technologies (OTC PINK: HITC), a global leader in AI-driven safety and monitoring solutions, proudly announces the appointment of Justin Freishtat as its Chief Capital Officer.

Mr. Freishtat spent the first decade of his professional career building Heartland Foods, which is the premier farm-to-table food service company on the east coast. The Company generated in excess of $87 million in gross revenue, when it was acquired by a private equity firm in 2022.

Mr. Freishtat was a Managing Partner and President of Sales at Kerns Capital and Marketing. Kerns Capital has several funds that utilize multiple strategies, including trading, joint ventures in real estate development and several unicorn companies in late state private equity. The Marketing segment of Kerns, which is a social media marking company, has served over 5,000 clients, since its inception in 2015. The Company specializes in assisting individuals and businesses launch and amplify their brands on social media.

Mr. Freishtat’s network and professional background will be instrumental in working with Healthcare Integrated Technologies’ CEO and CFO in the raising of capital for the Company’s growth.

HITC’s Chief Executive Officer, Scott Boruff stated, “Justin will play a key role in the future growth of HITC, his experience and track record of raising capital will enable the Company to achieve its goal of being a world class leader in AI safety and monitoring. We are extremely excited to start 2025 with Justin on our team.”

Industry Leader in AI-Driven Safety and Monitoring

HITC is the global leader in AI safety and monitoring solutions. While its core focus remains on senior living and healthcare, HITC is actively expanding into education, transportation, commercial industries, and beyond.

About Healthcare Integrated Technologies (HITC)

Healthcare Integrated Technologies (OTC PINK: HITC) is a publicly traded, fully reporting audited company specializing in AI-powered safety and monitoring solutions. The Company’s core focus is on senior living and healthcare, with growing expansions into education, transportation, and commercial industries. HITC’s innovative product suite is designed to improve safety, operational efficiency, and quality of care across various settings.

For more information, visit www.gethitc.com or contact HITC’s media team at contact@gethitc.com.

Media Contact:
Dustin Hillis
Healthcare Integrated Technologies
Email: dustin.hillis@gethitc.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are subject to uncertainty and may not come to fruition. Readers are cautioned not to place undue reliance on any forward-looking statement including statements that list numbers and dates.

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FAQ

Who is Justin Freishtat and what is his new role at HITC?

Justin Freishtat has been appointed as Chief Capital Officer at Healthcare Integrated Technologies (HITC). He previously built Heartland Foods to $87M in revenue and was Managing Partner at Kerns Capital and Marketing.

What are HITC's expansion plans for 2025?

HITC is expanding its AI safety and monitoring solutions beyond senior living and healthcare into education, transportation, and commercial industries.

What was Justin Freishtat's achievement at Heartland Foods?

Justin Freishtat built Heartland Foods into a premier farm-to-table food service company, generating over $87 million in gross revenue before its acquisition by a private equity firm in 2022.

What markets does HITC currently serve with its AI solutions?

HITC primarily serves the senior living and healthcare markets with its AI-driven safety and monitoring solutions, while actively expanding into education, transportation, and commercial industries.