International Advanced Healing Group Comment on Public Offering in 2013
IAHG has moved to end speculation that its recent application for an ISIN is a precursor to an initial public offering.
- (1888PressRelease) October 21, 2013 - Singapore - IAHG [International Advanced Healing Group], the Singapore-based wound management technology group, along with its wholly owned US based subsidiary AHI (Advanced Health Institute) has announced that it will not be seeking a listing for its common stock on a public exchange before the end of 2013.
The announcement is intended to end speculation that a recent application for an ISIN (International Securities Identification Number) is an indication of a forthcoming initial public offering.
International Advanced Healing Group's Peter Schilling said, "IAHG remains focused on the further proliferation of our flagship HOOP software platform product throughout our target markets in the Asia Pacific regions and the completion of the Lilson Health Technologies integration and re-branding under the name of our subsidiary, Advanced Health Institute."
Lilson Health Technologies announced on September 12th, 2013 that it would begin operating under the trade name, AHI (Advanced Health Institute) which it believed would better reflect the company's growth and its growing capabilities.
"While IAHG has an obligation to maximize shareholder value, our over-riding priority is to ensure market penetration and profitability of the caliber that makes the most compelling case to those who might consider taking up an offering in the event the company decides to seek a public listing," Mr. Schilling concluded.
IAHG cannot comment on speculation as to the possibility that it will seek a public listing in 2014.
HOOP is an internet-based, cloud-enabled wound management system which, as well as being compatible with all desktop and mobile devices equipped with a browser, also complies with strict rules governing the protection of privacy of patient information in the US, Europe and several Asian jurisdictions. It delivers wound management reports, patient care plans and solutions while recording time savings on procedures and administration thereby freeing time for healthcare professionals to spend more time interacting with patients.
About International Advanced Healing Group, Ltd.
International Advanced Healing Group is a multinational company that has developed a trainable, repeatable, scalable system and protocol that is applicable across all types of wound care. Through their research and development IAHG has become the leader of information, technology and outcomes in the wound care field. No other area of health care has taken the time to collect the data that we have, data that drives the decision mechanism this system provides.
About Advanced Health Institute, Inc.
AHI was formed in 2005 with a goal to provide a more effective and efficient clinical solution to heal chronic wounds. After a strategic reorganization in 2013, AHI is now positioned to move aggressively towards fulfilling its Vision: To transform the wound care segment of the healthcare industry by providing a Formulary process that improves the health and care of the patient while reducing the cost burden to all stakeholders. AHI has been a revenue-generating company since 2007 with the first two non-revenue producing years devoted to building algorithms, testing products, documenting case histories, comparing outcomes of AHS treated chronic wound patients with outcomes of patients treated by traditional protocols.
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