American International Holdings Corp. Launches EPIQ Scripts Onlin…
Adds to AMIH’s Portfolio of Complementary Technology Driven, Purchaser Centered Healthcare Companies
Plano, Texas, Feb. 15, 2022 (Globe NEWSWIRE) — American Worldwide Holdings Corp. (OTCQB: AMIH), (“AMIH” or the “Firm”) a diversified holding agency that develops, acquires and operates technology-based wellness and wellness companies, is delighted to announce the beginning of EPIQ Scripts, LLC (“EPIQ Scripts”), an on line mail-purchase pharmacy with a selected purpose to companies customers and victims by the rising choice of telemedicine companies coming into into the present market. EPIQ Scripts will at first purpose its initiatives on getting licenses and accreditations in key states with packages to in the long term protected licenses and accreditations in all 50 states all through the U.S.
In accordance to a July 2021 report by All The Investigation, the World extensive On-line Pharmacy sector was valued at $68.2 billion in 2020, and it’s anticipated to get to $202.3 billion by 2027, a compounded yearly progress charge (CAGR) of 16.8%. All The Analysis expects the enlargement of the on line pharmacy market to be attributed to a enhance within the number of world-wide-web folks, elevated accessibility to on the web companies, elevated federal authorities assist with favorable polices, and the increasing execution of e-prescriptions in well being care companies.
Along with servicing the anticipated demand from clients from the Firm’s wholly-owned subsidiary, EPIQ MD and its associates, EPIQ Scripts plans to present market its companies to the rising amount of telemedicine companies coming into the market place since early 2020. In accordance with a examine by McKinsey & Enterprise, in April 2020, all spherical telehealth utilization for workplace atmosphere visits and outpatient care was 78 conditions larger than in February 2020. Moreover, a March 2020 Sykes examine discovered that by March 2021, excess of 61% of Folks in america skilled manufactured a telehealth/telemedicine appointment, a big enhance from simply 19.5% a calendar 12 months prior.
“With the current exponential enhance in want for telemedicine, there was an maximize in telehealth and telemedicine platforms,” commented Jacob Cohen, President and CEO of American Worldwide Holdings Corp., who ongoing, “This has created a brand new unmet demand for pharmacies with the capabilities to take care of the prescription amount produced by these platforms. We consider that that EPIQ Scripts, which is deliberate to have subtle API capabilities and infrastructure, and supported with nationwide licenses and accreditations, will likely be succesful to scenario by itself to capitalize on the current trade alternative and fill this void.”
EPIQ Scripts will likely be led by pharmacy and healthcare enterprise veterans, Sultan Haroon and Maja Matthews, who collectively have about 40 yrs of expertise in well being care, pharmacy possession, features, and administration.
“The possible value creation alternative in on the web pharmacy options has been proven by TruePill, the on the web pharmacy that delivers success skilled companies to well-liked telemedicine companies Hims and Hers and GoodRx, and which was recently valued at $1.6 billion,” commented Sultan Haroon, Supervisor of Epiq Scripts, who continued, “Our objective is to inevitably placement EPIQ Scripts to deal with TruePill and different on-line digital pharmacies as we search for to speedily rollout our cures within the sizeable telemedicine markets.”
Sultan Haroon
Mr. Sultan Haroon began out his affluent pharmacy profession with American Specialty Pharmacy. Utilizing his info, experience, and exploration, Sultan launched a Pharmacy Consulting Firm which linked medical docs to ancillary services a lot of these as pharmacies, labs, and durable scientific instruments firms. Mr. Haroon later went on to create Complete Wellbeing Kinetix (WHK) which specialised in customizing dietary dietary supplements and well being care based on a affected person’s blood work and DNA. Proper after its efficient begin, WHK was obtained by a bunch of physicians within the Dallas/Ft Worthy of metroplex. Sultan then went on to maintain, private and performance 5 Texas Class-A Pharmacies and was additionally a co-proprietor of a Course-G Pharmacy. Mr. Haroon grew the pharmacies to a number of hundreds and hundreds of {dollars} in revenue proper up till they had been lastly ordered by an enormous east-coast dependent Endeavor Cash group.
Maja Matthews
Drawing on her 27 a very long time of data in nicely being care, Ms. Matthews affords in-depth info in quite a lot of sides of the Pharmacy/Well being Remedy Market. Maja has arms-on expertise in administration and growth of pointers & therapies, alongside with a number of years of sensible expertise in credentialing new pharmacies. This entails Level out Board, NPI, NCPDP, DEA, URAC, all PBM Contracts, Level out/Federal Compliance, and out of level out licensing. Ms. Matthews managed and operated 5 Texas Course-A Pharmacies and was additionally Co-Operator of a Class-G Pharmacy. Previous to her venturing out on her particular person, Maja was District Coach and Sr. Pharmacy Technician with CVS Pharmacy. She was additionally Director of Capabilities and Sr. Technician at American Specialty Pharmacy (ASP) the place she managed and skilled a whole bunch of execs within the processing of prescriptions, auditing, and personnel cost. Maja has been a Level out Licensed Pharmacy Technician on condition that 1996.
About American International Holdings Corp.
American International Holdings Corp. (OTCQB: AMIH) is an dealer, developer and asset supervisor of diversified, synergistic wellbeing and wellness enterprises. Now, the AMIH portfolio encompasses telemedicine and different digital wellbeing platforms, moderately priced subscriber-based main care and concierge medication choices, preventative remedy choices and wellness associated belongings these sorts of as psychological & behavioral well being and health services, as very nicely as its private proprietary existence teaching system. AMIH markets its varied companies by immediate-to-consumer and organization-to-enterprise distribution channels. AMIH’s emphasis is on bringing to trade applied sciences and solutions that advance the high-quality of existence for the worldwide local people.
Ahead-Searching Statements
This push launch may comprise ahead-looking statements, similar to particulars about administration’s perspective of the Firm’s potential expectations, concepts and potential clients, inside the which means of the federal securities pointers, which incorporates the Non-public Securities Litigation Reform Act of 1995. Forward-seeking statements additionally could possibly be concerned in different publicly obtainable paperwork issued by the Company and in oral statements constructed by our officers and associates every so often. These forward-wanting statements are supposed to current administration’s newest expectations or concepts for our long run working and monetary effectivity, depending on assumptions presently thought-about to be legitimate. They are often acknowledged by way of textual content these as “anticipate,” “intend,” “plan,” “purpose,” “search,” “consider,” “mission,” “estimate,” “count on,” “technique,” “future,” “possible,” “might,” “ought to,” “would,” “may,” “will” and different phrases of comparable meaning in relationship with a dialogue of foreseeable future working or monetary total efficiency. Examples of ahead-seeking statements incorporate, between different folks, statements relating to approaching revenue, features, enlargement, earnings, {dollars} flows, ultimate outcomes of operations, works by utilizing of money and different steps of cash effectiveness. Just because ahead-seeking statements relate to the longer term, they’re subject material to inherent dangers, uncertainties and different elements which will nicely result in the Firm’s exact results and financial situation to vary materially from folks expressed or implied within the forward-looking statements. These sorts of risks, uncertainties and different parts contain, amongst different folks these sorts of as, however not restricted to the proposed features of EPIQ Scripts, the ability of EPIQ Scripts’ to get mandatory licenses and accreditations, the timing of those sorts of licenses and accreditations, and limits on its operations if such licenses and accreditations are usually not in spot, and potential projected revenues, consumers, and outcomes of operations of EPIQ Scripts monetary illnesses, adjustments within the pointers or restrictions, demand from clients for options and skilled companies of the Enterprise our restricted functioning report our need to have for extra funding to assist our operations, repay debt and develop our operations the results of COVID-19 on our features and prospects, and the foreseeable future outcomes of COVID-19 on us and our operations impairments we might maybe be important to evaluate in hyperlink with our property and goodwill risks affiliated with our prior launch of a telehealth system, which incorporates obligation in relationship therewith, funding needed to assist a lot of these operations and different dangers related to the features of the telehealth platform disruptions to our features or liabilities associated with potential acquisitions our means to go on as a possible concern our dependence on our sole officer and director, Jacob D. Cohen, and linked get collectively transactions affecting the Enterprise Mr. Cohen’s voting deal with across the Group competitiveness we take care of our capability to handle our completely different operations, and supplier our indebtedness supplies weaknesses in our controls and strategies our capability to get and retain satisfactory insurance coverage insurance policies approved challenges and litigation legal responsibility related with our contracting operations the phrases of Mr. Cohen’s work association dilution prompted by the conversion of fantastic notes, exercising of incredible warrants, and potential fund-raising pursuits worth of, volatility in, and deficiency of robust investing market for, our prevalent stock and different features that would set off actual ultimate outcomes to differ materially from folks projected or represented within the ahead-hunting statements. These menace parts and different persons are concerned every so often in filings manufactured by the Firm with the Securities and Commerce Charge, which incorporates, however not minimal to, within the “Threat Components” sections in its Type 10-Ks and Kind 10-Qs and in its Selection 8-Ks, which it has filed, and information every so often, with the U.S. Securities and Change Fee. These experiences can be found at www.sec.gov. The ahead-searching statements included on this press launch are produced solely as of the day hereof. The Company cannot guarantee long run results, phases of train, total efficiency or achievements. Appropriately, you shouldn’t location undue reliance on these ahead-on the lookout statements. We undertake no obligation to replace publicly any of those ahead-searching statements to duplicate true advantages, new info and details or long run gatherings, changes in assumptions or changes in different parts influencing ahead-hunting statements, apart from to the extent mandatory by relevant legal guidelines. If we replace one explicit or far more forward-wanting statements, no inference must be drawn that we’ll make added updates with respect to these or different forward-seeking statements.
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