HIMALAYA TECHNOLOGIES ADDS FORTUNE 100 TELECOMMUNICATIONS EXECUTIVE TO ADVISORY BOARD; COMPANY TARGETING VAST TELEHEALTH MARKET - Seite 2

VK Digital Health

VK Digital Health is facilitating improved access to primary healthcare at points-of-convenience at lower costs versus today’s healthcare system. Hospitals and clinics deploying VKD systems will be able to directly reduce the cost of quality outpatient services for patients with seasonal and chronic diseases. Cost savings are derived by moving expensive medical staff from the point of service to a more efficient hospital call center where fewer staff can support many more locations. By deploying the units, wherever patients live, work, travel and/or shop, the system reduces drive times, wait times for appointments, and wait times at doctors’ offices, urgent care centers and emergency rooms.

VK Digital Health platform users are interested in convenient, on-demand services that are low cost for low acuity conditions. Locations such as nursing homes, retirement communities, K12 schools, colleges and universities, big box chains, grocery stores, airports, municipal government buildings, correctional facilities and many more have the traffic, and host hospitals and insurers want lower overall costs for such situations. A patient visit will include telediagnostic remote exams, including reading temperature, blood pressure, heart rate, breathing, weight and other, at a mini clinic at half the cost of staffed locations. The value proposition is magnified in rural/remote areas and in developing countries where medical treatment is often minimal or unavailable.

Management Commentary

Said Vik Grover, CEO: “I am thrilled Mr. Nahabedian has joined Himalaya to help us build a significantly larger organization. His vision, expertise, and network of contacts is a competitive advantage for our plans for the telehealth market. With his help, Himalaya intends to capture meaningful share of the segment’s multi-billion dollar market. We are in the preliminary stages of investment for a move into the smart mini-clinic and smart chair markets, which may include direct investment or acquisition of private companies. Because smart point-of-care endpoints will be connected by broadband or satellite networking, they can aggregate into a large and growing footprint generating recurring monthly rental revenues from hosts and transactional visitation revenues paid for by patients or their insurance companies. The big data captured by such a network, bolstered by artificial intelligence (“AI”), will be highly valuable for healthcare companies and the insurance industry. I would like to thank Charlie for his vote of confidence in our organization. I am very excited to bring HMLA into the telehealth market and create significant value for our shareholders.”