Quantum Medical Transport Letter to Shareholders
August 31 2017 - 6:00AM
Access Wire
HOUSTON, TX / ACCESSWIRE / August 31, 2017 / Quantum
Medical Transport, Inc. (OTC PINK: DRWN), letter
to shareholders:
Quantum Medical Transport, Inc. /United Ambulance, LLC would
like to take this opportunity to address shareholder questions and
concerns regarding our operations during Hurricane Harvey.
First of all we want to thank our shareholders for your concerns
and well wishes for our staff and The Great State of Texas and all
of its residents in our time of catastrophic distress caused by
Hurricane Harvey. The devastation and number of lives affected is
unprecedented. Our staff, operations and vehicles were not impacted
by the storm by the Grace of God, mother nature spared us, but our
neighbors through various cities and counties were impacted
severely. We have spent a lot of time rearranging patient's
schedules and moving patients out of harm's way through facility
transfers. Our prayers go out to the families affected. We are here
to support the many patients we transport to hospitals and nursing
homes and care facilities daily. We salute our first responders for
all of the challenges they have faced in their many rescue efforts.
We thank Texas Governor Greg Abbott and President Trump for moving
quickly to declare a state of emergency and declaration of national
disaster, so the great people of the State of Texas can get the
Federal assistance needed to rebuild. In the coming months the
families affected in Texas will need the help and support of many
to rebuild their lives. We are moved with overwhelming compassion
by some many neighboring volunteers coming to aid those in need. We
are here with you, strong, resilient and we will get through this
together! Please support the Red Cross and all the charitable
causes that provide disaster relief because the citizens of Texas
need your support.
We have experienced some challenges in our lengthy audit process
with our auditors MaloneBailey, LLP not to our satisfaction. We
have been promised final audit numbers on several occasions and
they have missed the deadline every time. We hired a third party
CPA firm to work with the audit firm to reconcile items that
existed on the public companies books prior to our acquisition back
in 2011 financials, which are the items that have caused the delay
in our auditors issuing their audit opinion. We are determined to
have this audit completed and released in September. We will then
move to become OTC PINK current reporting. We will report unaudited
financials for the remaining periods.
We apologize to our shareholders for not managing expectations
appropriately, this was unintentional and beyond managements
control.
We are experiencing significant growth through acquiring new
clients since our acquisition of United Ambulance as a wholly owned
subsidiary. We are adding new nursing home facilities to service
and adding new vehicles to accommodate the growth. We expect to
show significant financial growth over the next quarter.
We have hired a third party marketing firm to provide greater
visibility and support our growth efforts. Expect to see a lot more
social media presence, targeted audience advertising and SEO
support to bring greater awareness to the company. We have signed a
six month contract to support these efforts.
We have signed new contracts with nursing home facilities and
have already increased revenue by 9% compared to the same period
last year with Gross Profits YTD $878,000. We have already beat
guidance of our projected revenue for 2017 in our business plan. We
expect to achieve year end profits between $1.3-1.4 Mil based upon
current sales and growth, which will beat historic revenue of $1.2
Mil annually. We have just secured $3,000,000 receivables based
financing to provide immediate working capital to support
growth.
We are not planning a reverse split, although we reserve the
right to do so, that is not part of our plans. We have terminated
our previous 3(a)10 agreement with Northbridge, severing our
relationship with that group. We believe they have liquidated their
positions. We are actively working with a different institutional
investor to provide equity capital to restructure our debt. We are
still vetting other strategic acquisition opportunities for growth.
We hope to make this company great and build shareholder value in
the process.
About Quantum Medical Transport/United
Ambulance
QUANTUM MEDICAL TRANSPORT, INC./UNITED AMBULANCE, LLC is an
emergency and non-emergency medical services transportation company
that operates in the State of Texas. The Company provides basic and
advanced life support ground transport in a emergency and
non-emergency setting, 24 hours a day, and seven days a week. The
Company makes both local and regional out-of-town services
available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality
patient care at the Advanced and Basic Life Support levels.
Employees will work diligently to achieve goals while maintaining
the highest standards of care.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "intends," "plans," "should," "seeks," "pro forma,"
"anticipates," "estimates," "continues," or other variations
thereof (including their use in the negative), or by discussions of
strategies, plans or intentions. A number of factors could cause
results to differ materially from those anticipated by such
forward-looking statements, including those discussed under "Risk
Factors" and "Our Business." Forward-looking statements are subject
to known and unknown risks and uncertainties and are based on
potentially inaccurate assumptions that could cause actual results
to differ materially from those expected or implied by the
forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons.
Investor Relations:
Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com
SOURCE: Quantum Medical Transport, Inc.
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