Collection Sites, LLC Named AditxtScore Channel Partner to Offer AditxtScore for COVID-19 Immunity Status Monitoring Through Its Mobile Testing Centres - Seite 2

“While we believe researchers at Mount Sinai, Sunnybrook and Amino are performing valuable work, at this time management has determined it is more advantageous for the Company to focus on its telehealth strategy,” commented Doug Sommerville, Medivolve CEO. “By reducing the future capital investments required by these agreements, we can more efficiently deploy our capital to grow Medivolve’s telehealth and diagnostics business.”

Specifically, Medivolve has terminated the Mount Sinai agreement, relinquishing its rights to the Royalty and Option on any commercial IP developed as part of the agreement. This termination eliminates $375,000 of aggregate research investment that would be owed to Mount Sinai. Further, Medivolve has amended its Sunnybrook agreement to reduce its royalty interest in half in exchange for a 50% reduction in the consideration payable to Sunnybrook. Medivolve also amended its share purchase agreement with Amino to reduce the company’s equity ownership interest in Amino to 10% in exchange for a release of all outstanding payments still owing to Amino.

About Medivolve Inc.
Medivolve Inc. (NEO:MEDV; OTC:COPRF; FRA:4NC)  seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. Specifically, Medivolve offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment.

Medivolve has a team of renowned global medical and business advisors that have developed a proprietary business strategy to capitalize on high-margin opportunities in the COVID-19 space. This panel includes prominent immunologist Dr. Lawrence Steinman and Dr. Glenn Copeland, who has 45 years of experience in orthopaedic treatment, foot and ankle care, and sports medicine.

Medivolve’s primary focus is to provide convenient and assessable medical services for testing of the COVID-19 virus to help combat the pandemic. This is achieved largely through two acquisitions: 100% of Collection Sites, LLC and 28% of Colombian Sanaty IPS. Collection Sites is setting up a series of COVID-19 testing sites across the United States with appointments and payments will be handled through the online portal  www.testbeforeyougo.com. Sanaty is setting up a series of full-service medical clinics offering a complete COVID-19 testing solution.