Todos Medical CEO Releases Letter to Shareholders

•  Significant progress in establishing COVID-19 PCR-based diagnostic testing business in US
• 3CL Protease-based saliva test making progress in Israel
• 3CL Protease inhibitor NLC-001 dietary supplement added to commercial portfolio
• 2019 convertible note holders and institutional Q1/2020 convertible note holders sign temporary lock-up agreement

NEW YORK, REHOVOT, Israel and SINGAPORE, Sept. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Todos Medical Ltd. (OTCQB: TOMDF), an in vitro diagnostics company focused on developing and distributing comprehensive solutions for COVID-19, and developing blood tests for the early detection of cancer and Alzheimer’s disease, today released a letter to shareholders from CEO Gerald Commissiong:

Dear Shareholders:

2020 has been quite the year for Todos Medical. We began the year laser-focused on advancing our cancer testing business, and as we now sit here soon heading into the fourth quarter of 2020 we have now positioned the Company as a full service solutions provider for COVID-19 testing and immune support, as we take a data driven, scientific approach to solving COVID-19.

PCR Testing Business

Todos Medical has established a comprehensive suite of testing solutions for addressing the COVID-19 crisis. We have formed distribution partnerships with companies commercializing the most sensitive PCR tests in the market, and we have thought through the key bottlenecks to scaling and are now implementing those solutions for our clients now. In so doing, we have entered into COVID-19 testing supply contracts with 5 high complexity CLIA labs that we anticipate will generate over $36.5 million dollars in revenue for Todos over the next 8 months. Each one of these clients has informed us that the demand for testing has increased substantially since those contracts were entered into and we are now preparing to support larger demand for our products from those clients, as well as expand that client base as we successfully complete the implementation process. We see this as a huge growth opportunity for Todos that could generate sufficient cash flow to also support our cancer and Alzheimer’s testing business. We also see high complexity mobile labs, a novel opportunity we have been investing in since June 2020, have the potential to completely change the landscape for CLIA labs in the US by bringing labs closer to our clients in order to mitigate many of the logistical challenges that COVID-19 has exposed in our national testing infrastructure. We believe mobile labs may be the ultimate solution to supplement the brick and mortar lab infrastructure with tailored solutions to meet the needs of the population.