2017-05-29 09:09 ET - News Release
Mr. Preston Parsons reports
ASSURE HOLDINGS CORP. TO COMMENCE TRADING MAY 29, 2017 (TSXV: IOM)
Assure Holdings Corp. has commenced trading on the TSX Venture Exchange. As previously announced, the company completed its qualifying transaction (as such term is defined in the policies of the TSX-V) on May 26 th, 2017.
Preston Parsons, the Chief Executive Officer and founder of the Company said of the announcement: "We are very pleased to begin trading on the TSXV today. We are proud and excited to showcase our historical results in addition to sharing some of our marketing and growth initiatives for Q3 & Q4 2017."
As illustrated in the Company's Filing Statement dated May 16, 2017, which can be accessed at www.sedar.com, the consolidated annual audited financial statements for the year ended 2016 contained the following highlights:
- 2016 Revenue of over $5,300,000 USD;
- 2016 EBITDA of over $4,300,000 USD;
- 2016 Net Income of over $4,000,000 USD.
Mr. Parsons also commented: "While we are continuously expanding in Colorado, the deployment of the additional working capital from our recent private placement will allow us to address other attractive opportunities outside Colorado at the same time. We feel the Assure platform has proven that it is well received and can be duplicated successfully in multiple environments simultaneously. We look forward to our continued expansion as we head into the busiest surgical time of the year. We anticipate these combined expansion initiatives will have a positive impact in the second half of 2017."
The Company also announced that it will be releasing its first quarter results after the market close on Wednesday, May 31 st. These results, and the Company's MD&A will be posted on www.sedar.com upon release.
About Assure Holdings Corp.
Assure Holdings Corp. is a Colorado based company, incorporated in the State of Nevada, that works with neurosurgeons and orthopedic spine surgeons to provide a turnkey suite of services that support intraoperative neuromonitoring activities during invasive surgeries. Assure: (i) employs its own staff of technologists and uses its own state of the art monitoring equipment, (ii) handles 100% of intraoperative neuromonitoring scheduling and setup, and (iii) bills for all technical services provided. While Assure focuses primarily on supporting spinal surgeries, plans are in place to support other classes of medicine that rely on the standard of care that intraoperative neuromonitoring provides.
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