Wellteq Announces Strategic Partnership in Spain With Frontier Wellness Management / Apotheek Pharma Consulting

• Wellteq (CSE.WTEQ) (OTC.WTEQF) signs letter of intent (LOI) detailing the general terms of a strategic partnership agreement with Frontier Wellness Management and its operating subsidiary Apotheek Pharma Consulting (FW-APC).
  
• FW-APC are focused on marketing health and wellness solutions into their unique network of 140,000 medical professionals in the healthcare, pharmacy, and pharmaceutical markets in Spain.
• Under the expected terms of a formal strategic partnership agreement, FW-APC will pay an initial EUR100,000 to Wellteq which will be expended on localization, further development, and integration. It is expected that Wellteq will be paid by each customer in accordance with their Software-as-a-Service (SaaS) user pricing.
• Working with Wellteq’s sales and marketing personnel, FW-APC will immediately initiate marketing of the Wellteq application into FW-APC’s existing client list.
• Wellteq will also be tasked with sourcing and integrating third-party applications under the strategic partnership.
  

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VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Wellteq Digital Health Inc. (CSE:WTEQ) (OTC:WTEQF), (the “Company” or “Wellteq”) is pleased to announce the Company has signed a letter of intent (the “LOI”) detailing the general terms of a strategic partnership with Frontier Wellness Management and its operating subsidiary Apotheek Pharma Consulting (FW-APC) in the European Union.

The FW-APC team have a combined 100 years of experience focused on marketing health and wellness solutions into their unique network of 140,000 medical professionals in the healthcare, pharmacy, and pharmaceutical markets in Spain.

Upon execution of a Formal Strategic Partnership Agreement, FW-APC will advance EUR100,000 to Wellteq. This amount will be applied toward application localization, development, and integration. Working with Wellteq sales and marketing personnel, FW-APC will immediately initiate marketing of the Wellteq smartphone application, working with Wellteq sales and marketing personnel, into FW-APC’s existing client base. FW-APC will ensure that white label solutions of Wellteq applications will be identified as “powered by Wellteq”.