ARCPOINT SEEKS TO EXPAND AFFILIATE NETWORK WITH LAUNCH OF SUBSCRIPTION MEMBERSHIP PLANS

Greenville, South Carolina, Oct. 17, 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 report that it has launched two new subscription plans that offer businesses and individual consumers discounts on ARCpoint healthcare diagnostic testing services when subscribed for on an annual basis.     

ARCpoint CEO John Constantine commented, “The launch of the ARCpoint Access programs is a win-win-win scenario for our individual and business customers, and our franchisees. Under either an Individual or an Employer Access plan, annual subscribers will get bundled pricing on certain services and access to discounted pricing on all our other services. With the Access Employer program, business customers will be able to offer their employees certain healthcare benefits at a significant discount to the cost of traditional insurance plans”.

ARCpoint Access is not insurance, but it works where insurance doesn’t. It helps fill an important gap for those people who are left behind by the insurance system. ARCpoint Access provides access to valuable preventive and urgent care services that many people with no insurance or high deducible healthcare plans don’t have access to in an affordable way. As with most ARCpoint services, the Access programs are offered on a “cash” basis and vary in scope, degree of coverage and may include access to bundled wellness and preventative diagnostic testing service packages. All the Access plans offer varying discounts on ARCpoint services which are not included in a purchased bundle.

Mr. Constantine added “Our franchisees will also have a new opportunity to engage individual and business customers at a time when overall healthcare and employer funded healthcare costs are rising. Given that our franchisees have commercial relationships with over 4,000 businesses, this is an excellent opportunity to expand our affiliate network by turning those businesses into affiliates, which would expand our distribution reach and generate monthly subscription revenue”.

As the Company discussed in its August 10, 2023, news release, affiliate businesses are health-related 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 can offer some or all 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. With the launch of ARCpoint Employer Access, any business can now become a new type of affiliate by offering ARCpoint wellness and preventative diagnostic testing services to their employees, including discounts on all ARCpoint testing services not explicitly included in the particular employer-purchased subscription package. According to an October 16, 2023, Wall Street Journal article on employee healthcare benefits entitled “Surge in Health-Insurance Costs Pose Next Challenge for Finance Chiefs”, “Healthcare costs are rising at the steepest rate in years, leaving CFOs to manage the price tags”.