ARCPOINT EXPANDING DISTRIBUTION NETWORK WITH MYACPOINTLABS PLATFORM

Greenville, South Carolina, Aug. 10, 2023 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) a leading US-based franchise system providing drug testing, alcohol screening, DNA and direct to consumer (“DTC”) clinical lab testing services is pleased to provide an update on the roll out of its consumer e-commerce platform, MyARCpointLabs, (“MAPL”) as previously announced in the Company’s July 10, 2023 news release.

ARCpoint’s President and CEO, John Constantine commented “With the full launch of MyARCpointLabs last month, 90 of the Company’s 135 locations have now gone through the MyARCpointLabs onboarding and training process and 36 of those locations have begun using and integrating the platform into their daily business. In addition, 105 affiliate businesses are signed up through 21 of our franchise locations to use the MyARCpointLabs platform on a SaaS basis. This currently gives us 240 physical locations where consumers could purchase our tests and services.”

Affiliate businesses (“affiliates”) are businesses that are separate from ARCpoint, such as health or vitamin stores, fitness facilities, chiropractor offices, physician offices, clinical and genetic reference labs and pharmacies. Given regulatory, licensing, technology and other issues, many of these types of businesses have not been previously able to offer DTC healthcare testing services. Using the MyARCpointLabs platform, affiliates are able to offer some or all of ARCpoint’s products and services to their customers to both enhance their own product and service offerings and, in some cases, generate additional revenue, while at the same time meeting applicable regulatory and other compliance obligations.

Mr. Constantine added “We will continue to onboard and train our existing and new franchisees on the MyARCpointLabs system as quickly as possible. At the same time, we are working hard to add affiliate users on both an individual location and national accounts basis, with the intention of dramatically increasing our distribution network and number of potential consumer touchpoints as rapidly as possible.”

MyARCpointLabs was developed to make it easier for the Company’s franchisees to attract and better serve individual healthcare consumers and to make it easier for consumers to purchase the Company’s products and services. The affiliate program is an excellent example of the culture of innovation at ARCpoint that helps drive business into franchisee locations.