NEWPORT BEACH, CA (January 10, 2018) ORHub, Inc. (OTC: ORHB), an advanced medical software provider focused on real-time digital data analytics, today announces it has received gross proceeds of $3,860,000 from the exercise of warrants prior to their expiration on December 31, 2017. The Company had previously announced a Special Exercise Price of $0.35 for all series of warrants outstanding. All warrants issued by the company have now been exercised or expired as of year-end 2017.
“ORHub is privileged to have strong support from our investor community as demonstrated by the successful warrant exercise,” said Colt Melby, CEO of ORHub. “This additional capital will help our expansion efforts as we scale the ORHub software platform Nationwide.” Since July 1, 2016, the Company has raised the capital to allow for the transition from a development stage company into a revenue generating service provider.
Upon the closing of the year, all series of warrants set to expire eliminated the resulting overhang on the Company’s capital structure, positioning the structure for clean appreciation as revenues and ultimately earnings increase. “We believe that we are standing on the threshold of a new age in medical systems technology. It’s beyond reason that this market has remained so unpenetrated,” said Melby. “Nevertheless, we are pleased with the magnitude of opportunity in this industry and have worked diligently to get to this point. It’s very exciting to get a strong start for 2018.”
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
https://customers.microsoft.com/en-us/story/hoi-health-azure
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new software product business.
ORHub Contact
Jason Brown,
Shareholder Communications
jason.brown@orhub.com
714.228.5667