Quantum Medical Transport, Inc. (OTC Pink: DRWN) is a provider of emergency and non-emergency medical transportation services. The company currently operates in the state of Texas and operates 24 hours a day, seven days a week. Shares of the medical transportation services provider are soaring 100%, through early trading on Friday, January 12, 2018. Over the past month, Quantum Medical Transport, Inc. has seen average daily volume of 31.78 million shares. However, volume of 566.21 million shares or dollar volume of $226,484, has already exchanged hands on the day.
Shares of Quantum Medical Transport, Inc. are surging today, after the company announced plans to launch a $50 million Initial Coin Offering (ICO) through a private placement. The company say the gross proceeds will go to debt restructuring, growth capital, stock buybacks, and acquisitions. Furthermore, the company is currently finishing the development of its whitepaper and private placement memorandum for its Pre-ICO offering. Management seeks to make the new cryptocurrency capable of encrypted information sharing for HIPPA-compliant health information data exchange. Here is the full press release detailing of the $50 million ICO:
HOUSTON, TX / ACCESSWIRE / January 12, 2018 / Quantum Medical Transport, Inc. (OTC PINK: DRWN) announces plans to launch a $50 Million ICO (Initial Coin Offering) via Private Placement to raise capital for growth, debt restructuring, stock repurchase, and acquisitions. The company is in the process of having its white paper/private placement memorandum developed to launch its Pre-ICO offering. The digital tokens or custom coins are known as cryptocurrency, similar to Bitcoin and Ether, will be offered via a known credible Fintech public blockchain Etherum based platform, which will enable digital coin traders known as miners to purchase the utility coins in fiat currency, Bitcoin or Ether. A formal prospectus/white paper will be released soon. Our prospectus will be offered to accredited investors pursuant to Rule 506(c). We believe this will become the norm for venture capital type capital raises. The company will seek to develop a FINTECH blockchain technology that enables secure encryption data sharing (Health Information Data Exchange) that will be HIPPA compliant. We believe this technology platform can be a significant revenue generator for the company as healthcare professionals such physicians, medical facilities including nursing homes we currently service will be able to utilize the subscription service that will use a multi-signature, multi-layer secure key code through a set of customized nodes to transport data.
(This announcement appears as a matter of record only and is not an offer to sell any securities. No party has been authorized to sell securities on behalf of the company. Any offer and sale will be conducted via prospectus only to qualified investors).
About Quantum Medical Transport/United Ambulance
QUANTUM MEDICAL TRANSPORT, INC. / UNITED AMBULANCE, LLC is an emergency and non-emergency medical services transportation company that operates in the state of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as ”believes,” ”expects,” ”may,” ”will,” ”intends, ”plans,” ”should,” ”seeks,” ”pro forma,” ”anticipates,” ”estimates,” ”continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under ”Risk Factors” and ”Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.