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     157  0 Kommentare ARCPOINT SEEKS TO EXPAND AFFILIATE NETWORK WITH LAUNCH OF SUBSCRIPTION MEMBERSHIP PLANS - Seite 2

    The Company also reports that it has undertaken new measures to reduce costs by USD$1,000,000 on an annualized basis. These cuts include annualized reductions in staffing and compensation of approximately USD$800,000 and USD$200,000 in sales, general and administration costs. As a function of these cuts, the Company will incur severance costs of USD$67,000 in the current month and start to see the full impact of financial benefits beginning in November of this year.

    About ARCpoint Inc.
    ARCpoint is a leading US-based franchise system that leverages technology along with brick-and-mortar locations to give businesses and individual consumers access to convenient, cost-effective healthcare information and solutions with transparent, up-front pricing, so that they can be proactive and preventative with their health and well-being. ARCpoint is based in Greenville, South Carolina, USA. ARCpoint Franchise Group LLC, formed under the laws of the state of South Carolina in February 2005, is the franchisor of ARCpoint Labs and supports over 130 independently owned locations. ARCpoint sells franchises to individuals throughout the United States and provides support in the form of marketing, technology and training to new franchisees. ARCpoint Corporate Labs LLC develops corporate-owned labs committed to providing accurate, cost-effective solutions for customers, businesses and physicians. AFG Services LLC serves as the innovation center of the ARCpoint group of companies as it builds a proprietary technology platform and a physician network to equip all ARCpoint labs with best-in-class tools and solutions to better serve their customers. The platform also digitalizes and streamlines administrative functions such as materials purchasing, compliance, billing and physician services for ARCpoint franchise labs and other clients.

    For more information, please contact:

    ARCpoint Inc.
    Jason Tong, Chief Financial Officer
    Phone : (604) 889-7827
    E-mail : invest@arcpointlabs.com

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
    This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to hereafter as “forward-looking statements”) within the meaning of applicable Canadian securities legislation.

    All statements that address activities, events or developments that ARCpoint expects or anticipates will, or may, occur in the future, including statements about ARCpoint’s future growth, business prospects, future trends, plans and strategies, expected benefits from business activities and the Company’s prospects for new business are forward-looking statements. In some cases, forward-looking statements are preceded by, followed by or include words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “proposes”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words. Although the management of ARCpoint believes that the assumptions made and the expectations represented by such statements are reasonable.

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    ARCPOINT SEEKS TO EXPAND AFFILIATE NETWORK WITH LAUNCH OF SUBSCRIPTION MEMBERSHIP PLANS - Seite 2 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 …