New identity aligns with initiatives to improve liquidity, strengthen brand recognition, and prepare for future listing on a senior exchange
PHOENIX (February 9, 2017) MemReg, Inc. (OTC: MREG) (the “Company”), a cloud-based health care software-as-a-service company focused on decreasing costs and increasing outcomes in surgical care, today announces that it was approved by FINRA to change its name to ORHub, Inc. to reflect its current business. Effective February 10, 2017, the Company will trade under the ticker symbol “ORHB.” The Company’s new CUSIP number for its common stock is 68620R107.
CEO Colt Melby states, “Our official name change and new stock ticker symbol signifies the final step in the Company’s transformation into a publicly traded software company focused on development and commercialization of productivity and information software for surgical operations.”
Since the merger between MemReg and ORHub on June 30, 2016, the Company has focused on raising capital, conducting early Alpha pilots, and improving shareholder liquidity as part of its overall strategy to uplist to a senior exchange.
Melby, who was appointed CEO on July 1, 2016, has been a key part of developing and executing the business strategy underway. In the past 15 years Melby has been involved with the NASDAQ uplisting of Smith and Wesson (now American Outdoor Brands), CUI Global Inc., and Quest Resource Holdings Corp.
“Our new identity is timely. Two weeks ago we reached a final agreement to expand ORHub operations into a flagship high-volume hospital specializing in orthopedics,” says Melby. “U.S. News & World Report for two years in a row ranked this hospital as one of the top orthopedic hospitals in the nation; it also ranks as the highest-volume provider of joint replacements in California. In addition, it is part of a 50-hospital group. We are extremely excited to expand our footprint in such a large organization and look forward to continuing to build our corporate and shareholder value.”