Nova Leap Health Corp. to Participate in the Inaugural RAI$E Quebec Small-Cap Investing Conference
HALIFAX, November 8, 2018 – NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or the “Company“) is pleased to announce that it will be presenting at the Inaugural RAI$E Quebec Small-Cap Investing Conference in Quebec City, PQ on November 23, 2018.
Nova Leap, which reports all amounts in United States dollars, unless otherwise specified, plans to present information on the following:
- Financial highlights for the quarter ended June 30, 2018, as reported on August 23, 2018, included the following:
|Revenue||$ 2,425,066||$1,265,021||+ 91.7%|
|Gross Margin||$786,321||$444,544||+ 76.9%|
|Net loss||$171,463||$438,742||– 60.9%|
|Total one-time or non-cash items included in net loss comprised of the following:||$135,364||$255,688||-47.0%|
|· Acquisition related expenses||$41,255||$171,412||– 75.9%|
|· Amortization||$151,514||$63,616||+ 138.2%|
|· Stock-based compensation||$26,567||$81,580||– 67.4%|
|· Foreign exchange gain||($83,972)||($60,920)||+ 37.8%|
|Annual recurring revenue run rate (defined below)||$11,400,000||$7,600,000||+ 50.0%|
- General outlook for the home health care industry, one of the fastest growing industries in Canada and the United States;
- How the Company has attracted, acquired and successfully integrated seven home care companies with operations in Rhode Island, Vermont, New Hampshire, Massachusetts and Nova Scotia in less than 14 months while ensuring both the U.S. and Canadian operating segments are profitable;
- The anticipated financial and operational impact of the acquisition of Comprehensive Home Care in Massachusetts announced on October 1, 2018;
- The anticipated financial and operational impact of the acquisition of Living at Home SeniorCare in New Hampshire announced on October 22, 2018;
Management also plans to present 2018 Q3 results which are expected to be released pre-market on November 23, 2018.
Nova Leap’s updated Corporate Presentation can be found at https://novaleaphealth.com/corporate-presentation/.
While in Quebec City, Nova Leap Management will be meeting with new potential investors as it looks to broaden the Company’s investor base as part of the Company’s ongoing market awareness strategy.
This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Nova Leap
The Home Care Providers industry is one of the fastest growing healthcare industries in Canada and the United States. Home care saves patients billions of dollars every year by treating them in their own homes instead of in hospitals. An aging population, the prevalence of chronic disease, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options from public and private payers have all fostered industry growth. Nova Leap is focused on a highly fragmented market of small privately-held companies providing patients one on one care in their homes, facilities or hospice. Nova Leap’s post-acquisition organic growth strategy is to increase annual revenue per location through a combination of increased employee investment, including training, focused sales and marketing efforts, billing rate increases, expansion of geographical coverage, and improved referral sources.
About RAI$E Quebec Small-Cap Investing Conference
RAI$E Quebec is a conference connecting small-cap companies with funds, finance professionals and investors on September 23 at the Fairmont Le Chateau Frontenac Hotel in Quebec City, Quebec. The conference is in association with MI3 Communications Financiers.
FORWARD LOOKING INFORMATION:
Certain information in this press release may contain forward-looking statements, such as statements regarding future expansions and cost savings, the Company’s expected 2018 revenue run rate and plans regarding future acquisitions and financings. This information is based on current expectations and assumptions, including assumptions concerning the Company’s ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include regulatory changes affecting the home care industry, unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management’s current expectations and plans relating to the future. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
For further information:
Christopher Dobbin, CPA, CA,
Director, President and CEO Nova Leap Health Corp.,
T: 902 401 9480 F: 902 482 5177
Founder & CEO of RAI$E Conference Series
T: 604 380 4888
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.