VANCOUVER, BC / ACCESSWIRE / July 17, 2019 / EGF Health Holdings Corp. (formerly, Automated Techno Medical Corp.) (the “Company”) is pleased to provide corporate updates for name change, the pending appointment of new CEO and director, and plan of arrangement with its parent company Theramed Health Corporation (CSE: TMED).
Name Change
Effective July 10, 2019, the Company has changed its name from Automated Techno Medical Corp. to EGF Health Holdings Corp. and the new CUSIP for the Company is 268470101. There is no consolidation or change in shareholder share positions in conjunction with this name change.
New CEO and Director
The Company is also pleased to announce the pending appointment of Chris Yu-Kai Hung* as CEO and director in conjunction with the pending resignation of Syd Au as CEO, subject to receipt of consent to act and completion of board approval.
*Bio of appointee: Mr. Hung is a capital markets and corporate finance professional with more than two decades of investment banking experience. He has served as CFO of an investment bank and has extensive experience in handling a wide variety of international merger and acquisition transactions.
Plan of Arrangement
The Company has set the effective date as Friday, July 19, 2019 (the “Effective Date”) for its plan of arrangement dated February 6, 2017 (final court order March 16, 2017) with Theramed Health Corporation (“Theramed”) and several other subsidiaries of Theramed. The Effective Date may be set separately for each subsidiary pursuant to the Arrangement and was previously announced by Theramed on March 17, 2017. Upon completion of the Arrangement and spin out of the Company from Theramed, it will become a reporting issuer in provinces of Alberta and B.C. On May 31, 2018, Theramed previously transferred the TULIP related intellectual property to the Company pursuant to the Arrangement.
About EGF Health Holdings Corp.
EGF Health Holdings Corp. is a Vancouver, B.C. based early-stage life sciences and technology company looking to acquire or develop business ventures in health and technologies.
For further information please contact:
Syd Aug, director
E-mail: [email protected]
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE: EGF Health Holdings Corp.