STOCK TITAN

GALILEO ANNOUNCES THE START OF REVENUE GENERATION AND ITS EXPANSION PLAN.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Galileo Life Sciences Inc. (OTC: MDRM) has announced the commencement of revenue generation and plans for expansion. Operating in Ontario, the company aims to enhance healthcare accessibility through its telehealth platform, providing virtual consultations at pharmacies. Currently, three clinics serve the Toronto area, with a target of 25 by year-end 2022. An agreement with 2542153 Ontario Inc. facilitates access to licensed virtual care physicians. CEO Tito DiMarco emphasizes the company's commitment to growth and profitability, leveraging advanced technology for quality patient care.

Positive
  • Commencement of revenue generation.
  • Expansion plan targeting 25 clinics by end of 2022.
  • Agreement with 2542153 Ontario Inc. for access to licensed virtual care physicians.
  • Innovative telehealth platform enables real-time patient examinations.
Negative
  • Expansion relies on successfully completing additional financing.
  • Investment is classified as speculative and includes inherent risks.

GALILEO ANNOUNCES THE START OF REVENUE GENERATION AND ITS EXPANSION PLAN.

BRAMPTON, ON, Aug. 10, 2022 /PRNewswire/ -- August 10, 2022 --  Galileo Life Sciences Inc. (OTC: MDRM) (also known as Modern Mobility Aids Inc): ("Galileo or the "Company"), is a tech- enabled, healthcare service provider in Ontario, on a mission to make healthcare simple, accessible, and efficient for everyone. The Company's platform bridges gaps in the healthcare ecosystem through technology and innovation, providing easy access to primary-care physicians through its virtual walk-in clinics located in pharmacies for a one-stop medical visit by patients.

Galileo Life Sciences (Canada) Inc, a division of Galileo Life Science Inc (Nevada) currently has three clinics operating in the Toronto metro area with a plan to have twenty-five clinics operational by end of 2022. The Company has an agreement with 2542153 Ontario Inc, to provide licensed physicians trained in virtual care to Galileo clinics.

"Virtual-Care and digital health technology can be an effective tool to provide patients access to high-quality care and we are pleased to continue executing against our business model into 2022," said Tito DiMarco, CEO of Galileo Life Sciences Inc., "Our agreement with 2542153 to provide primary-care practitioners and specialists referrals to our patients is a great achievement for the Company and it has enabled the company to start generating revenue"  "Over the past six months, Galileo has seen transformative growth and we are very focused on a pathway to expansion and profitability". 

  • The vision of Galileo Life Sciences Inc is to expand globally and provide healthcare providers worldwide the technology and training in virtual care so that they may access patients in remote areas in their respective countries.
  • Unlike most telehealth platforms, which offer only video calls with a physician, who is unable to examine the patient, The Galileo Smart Clinics platform enables the physicians to examine the patient virtually in real-time, thus providing high-quality care.
  • The healthcare providers can:
  • Capture data from integrated medical devices in real-time
  • Review test results
  • Exchange documents
  • Provide necessary care and prescriptions.

Patients can book appointments using the Company's website www.galileolife.com or walk into a clinic for a quick consultation. 

About Galileo Life Sciences Inc. 

Galileo Life Sciences Inc. (Formerly known as Modern Mobility Aids Inc) is a company strategically focused on the telehealth and telemedicine industry. The company is dedicated to offering the most robust telehealth platform incorporating AI and IOT so that anyone can get access to quality healthcare regardless of location and financial status. The company is committed to providing access to healthcare to everyone. With the company's services, physicians can get direct access to the patient's vitals and examine the patient in real-time without affecting the quality of care.

Forward-looking Statements

This press release may contain information that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "Forward-looking Statements"). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward- looking Statements can be identified using forward-looking terminology such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. There are no guarantees or assurances that expansion in leadership will result in the hopes the company has mentioned here. Any investment made into Modern Mobility Aids, Inc., would be classified as speculative and risky. Such risks and uncertainties include, but are not limited to: market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional or adequate financing, government approvals or changes to proposed laws, and other risks and uncertainties further stated in the company's financial reports and filings. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Galileo Life Sciences Inc. and Modern Mobility Aids Inc. disclaim any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward- looking Statement.

Contact :

Tito DiMarco
President
tdimarco@mdrminc.com
+1 416 254 2581

Cision View original content:https://www.prnewswire.com/news-releases/galileo-announces-the-start-of-revenue-generation-and-its-expansion-plan-301603851.html

SOURCE Modern Mobility Aids, Inc.

FAQ

What is the revenue generation update from Galileo Life Sciences (MDRM)?

Galileo Life Sciences has announced the start of revenue generation as of August 10, 2022.

What are the expansion plans for Galileo Life Sciences (MDRM)?

Galileo plans to operate 25 clinics by the end of 2022, expanding its presence in Ontario.

What technology does Galileo Life Sciences (MDRM) use for healthcare services?

Galileo utilizes a telehealth platform that allows real-time patient examinations through integrated medical devices.

Who is the CEO of Galileo Life Sciences (MDRM)?

Tito DiMarco is the CEO of Galileo Life Sciences Inc.

What risks are associated with investing in Galileo Life Sciences (MDRM)?

Investments are classified as speculative, with risks related to market conditions, financing, and regulatory approvals.

MODERN MOBILITY AIDS INC

OTC:MDRM

MDRM Rankings

MDRM Latest News

MDRM Stock Data

1.77M
Health Information Services
Healthcare
Link
United States of America
Brampton