ActiveCare Announces Engagement of Ansley Securities
ActiveCare, Inc. (OTCBB: ACAR) ("ActiveCare" or the "Company") announced today that it has engaged Ansley Securities LLC ("Ansley") to provide strategic advisory services and act as its exclusive financial advisor for a capital raise to support the organic growth of its operations. Ansley has been at the forefront of helping to build innovative companies with disruptive technologies in the healthcare industry with over $500 million in capital raises and mergers and acquisitions over the past several years. The strategic advisory services to be provided by Ansley will include strategic planning, product positioning, strategic partnership services and talent acquisition services. In addition, Ansley will advise the Company in connection with the restructuring of its balance sheet. "This is an exciting time for ActiveCare," stated David Derrick, the Company's Chairman and CEO. "With Ansley's assistance, we will be able to focus our time and efforts in continuing to pursue a robust quarterly growth rate. We now have approximately 13,000 members; with new investment capital we believe it is realistic to expect to increase our customer base to 50,000 members by the end of calendar 2013. We believe that the Company is well positioned for dramatic growth in the future as it delivers on the management of chronic conditions with the support of remotely located telehealth devices and assists its members and health plan clients to control healthcare costs. Given its wide network of contacts in the market and its focus on technology enabled healthcare services, we also believe that Ansley is the right partner for us at this time." "Ansley is equally excited about the relationship with ActiveCare," stated Russell Burks, Managing Director of Ansley. "We are very impressed with ActiveCare's technology and executive team and look forward to helping ActiveCare become a leader in telehealth solutions." About ActiveCare ActiveCare, Inc. is a provider of telehealth and personal emergency response solutions. Headquartered in Salt Lake City, Utah, and publicly traded on the OTC Bulletin Board under symbol ACAR, ActiveCare is committed to providing consistent excellence in quality and safety as well as friendly care for members and caregivers alike. To learn more about ActiveCare, Inc., visit the corporate website at www.activecare.com or contact investor/media relations at 877-862-5545. About Ansley Securities Ansley Securities LLC, a registered broker-dealer and a member of FINRA and SIPC, is a wholly owned subsidiary of The Ansley Capital Group, LLC, a boutique investment banking and strategic advisory firm to small and middle-market healthcare services and information technology companies. Ansley Capital leverages the deep, hands-on operating experience and healthcare industry insights of its Managing Directors to provide clients with a unique combination of practical strategic guidance, business development assistance and investment banking services. Ansley principally serves small and middle-market companies in need of seasoned strategic advice, growth capital or assistance with the sale or purchase of a business. For more information, please visit www.ansleycapital.com or contact Russ Burks at (630) 579-1683. Safe-Harbor Statement This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements such as the statement regarding expectations for future member enrollments and revenue growth. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products and services are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, market demand for the company's products, availability of financing at cost-effective rates, and the risk factors listed from time to time in the Company's SEC reports.
