Wearable Health - WHSI STOCK NEWS

Wearable Health Solutions Inc. announces the launch of its new Direct-to-Consumer website, aiming to bring their personal emergency response systems (PERS) to customers worldwide. The global PERS market is expected to generate revenue of USD 8.20 billion by 2028. The company aims to increase profitability and market share through strategic pricing strategies and operational efficiencies. The newly launched website offers a range of PERS devices with innovative features and 24/7 monitoring services.

Wearable Health Solutions (OTC PINK:WHSI) has launched two new affiliate programs, iHelp-Pro and iHelp-Partner, aimed at enhancing shareholder value and expanding its market reach. These programs focus on partnering with individuals and organizations dedicated to improving healthcare for seniors and caregivers. The iHelp-Pro program targets community-oriented individuals looking to generate sales and assist with installations of WHSI's wearable health devices. Meanwhile, the iHelp-Partner program is tailored for enterprises in home care and senior living sectors, offering flexible business models. Participants in both programs must pass a background check and complete training, ensuring quality service delivery. This initiative aligns with WHSI's mission of enhancing the quality of life for seniors through innovative wearable technology.

Wearable Health Solutions (OTC PINK:WHSI) announced the beta testing of its ChatGTP model, a state-of-the-art AI technology aimed at enhancing customer support for dealers and consumers. This innovation is part of WHSI's commitment to leverage technology within the Personal Emergency Response Systems (PERS) industry. The ChatGTP system provides rapid access to product information and reduces response times, streamlining user support. Furthermore, it introduces a freemium subscription model for dealers, allowing them to contribute proprietary data for a fee. This integration aims to boost shareholder value and position WHSI at the forefront of technological advancements in the sector. WHSI emphasizes its goal of continuous improvement and exceptional service quality through this initiative.

Wearable Health Solutions Inc (WHSI) has been recognized in Investopedia's Top Healthcare Stocks for March 2023. The company has earned this distinction for its innovative wearable technology aimed at improving health management, especially for seniors and individuals with chronic conditions. WHSI focuses on real-time monitoring and seamless communication with healthcare providers through products like the iHelp MAX and iHelp GO. CEO Harrysen Mittler emphasized the company's commitment to enhancing safety and user experience. The recognition by Investopedia is a significant endorsement that could attract investor attention and bolster WHSI's market position.

Wearable Health Solutions Inc. (OTC PINK:WHSI) has filed a trademark application for iHelpGo, an innovative electronic personal emergency response system. The device will function as a wearable wristwatch equipped with vital sign sensors, aiming to enhance safety for seniors through real-time health data and mobile connectivity. VP Marc Cayle highlighted the potential demand increase in the wristwatch segment, noting that only 50% of personal emergency response dealers currently offer such devices. The company plans to provide a reliable and affordable option to expand its product offerings in this growing market.

Wearable Health Solutions Inc. (WHSI) has launched a new interactive website, ihelpalarm.com, designed to assist dealers in attracting customers and managing their businesses. The site includes a 'dealer locator' feature for consumers to easily purchase Personal Emergency Response System (PERS) devices. Additionally, the company introduced a Dealer Academy offering virtual business coaching for new and existing dealerships. These initiatives aim to enhance dealer support and drive growth in the PERS market.

Wearable Health Solutions Inc. (OTC PINK:WHSI) announced a contract with a physician's group to provide hardware and a backend SaaS portal for Remote Patient Monitoring (RPM). The initiative aims to enhance patient compliance and improve outcomes for chronic conditions like hypertension and diabetes. Peter Pizzino, President, expressed enthusiasm for leveraging this contract for future business. The RPM program will begin onboarding patients immediately, targeting significant improvements in healthcare delivery and reduced hospitalizations.

Wearable Health Solutions Inc. (WHSI) has released its fiscal year 2022 summary, reporting sales of $1,045,890, down from $1,394,149 in 2021 due to product delays. The company achieved a gross profit of $477,481, but faced a net loss of $13,049,155 largely due to non-cash stock compensation. WHSI is focusing on launching its upgraded iHelp4GMAX™ device, targeting the $1.5 billion PERS market. Debt reduction strategies yielded a 42% decrease in notes payable. The company plans to manufacture 10,000 units in 2023 to meet demand, with a target to sell up to 20,000 units as it expands its RPM business and direct sales.

Wearable Health Solutions (OTC PINK:WHSI) has launched its new 4G iHelp Mini Personal Emergency Response Systems (PERS) device, receiving positive feedback from its dealer network. The company is selling through its initial inventory and has placed a larger order, anticipating strong sales. Key features of the device include enhanced battery life and automatic fall detection. Wearable Health Solutions continues to innovate in the medical alarm sector with additional offerings planned, including the iHelp Max device, which includes advanced remote patient monitoring capabilities.