Healthcare Integrated Technologies, Inc. Provides Update to Shareholders

Knoxville, Tennessee, April 01, 2020 (GLOBE NEWSWIRE) -- Healthcare Integrated Technologies, Inc. (“HITC”) is pleased to update our shareholders with a brief overview of the key initiatives we have successfully completed over the past two years. On March 20, 2020, Healthcare Integrated Technologies, Inc. (the “Company”) filed a comprehensive annual report on Form 10-K with the Securities and Exchange Commission for the fiscal years ending July 31, 2019 and July 31, 2018 and the quarterly periods ended April 30, 2018, October 31, 2018, January 31, 2019, April 30, 2019, October 31, 2019, and January 31, 2020 as part of its continuing effort to become current in its filing obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company is currently quoted on the OTC Pink under the symbol HITC. The following are highlights from our recently filed Form 10-K.

On March 13, 2018, we acquired Indeliving Holdings, Inc. (“IndeLiving”). IndeLiving uses proprietary technology to monitor seniors in real time by both caregivers and family without the need for the senior to wear any type of monitoring device. The monitoring system is customized to the needs of the individual and, if applicable, to an assisted or independent living facility’s requirements. It provides real-time information to a monitoring station at an assisted or independent living facility. It also can be set up to provide real time information via text, voice, email, and a mobile phone application to family members or other caregivers. The residential model, called “Inde Companion,” is a monitoring concept with custom modifications that can be applied to individual seniors in a variety of applications including seniors living independently in their own home, with family members, or in a senior living community.

Simultaneous with the IndeLiving acquisition, Scott M. Boruff became our Chief Executive Officer. Mr. Boruff is a proven executive with an extensive professional background in investment banking and consulting in the public markets and commercial real estate development. During his career he has successfully led multiple transactions and raised in excess of $750 million in debt and equity capital for various companies. Mr. Boruff holds a Bachelor of Science degree in Business Administration from East Tennessee State University.