Greenville, South Carolina, Nov. 28, 2024 (GLOBE NEWSWIRE) — ARCpoint Inc. (TSXV: ARC) (the Company or ARCpoint) will host a conference call at 12:30pm Eastern time, Thursday, December 5, 2024 to review the Company’s Q3 financial results for the period ending September 30, 2024. The Company will also discuss new opportunities following the transaction with Any Lab Tests Now and the creation of CRESSO Brands, LLC., (CRESSO) as announced August 20, 2024.
The dial-in number for the conference call is as follows:
Canada / USA Toll Free 1-844-763-8274
International Toll +1-647-484-8814
Callers should dial in 5 “ 10 min prior to the scheduled start time and ask to join the ARCpoint call:
ARCpoint President and CEO, John Constantine commented With the completion of the CRESSO transaction in mid-third quarter, we are working hard to complete integration work so that we can begin on-boarding Any Lab Test Now locations onto our MyARCpointLabs technology platform. As additional CRESSO Brands locations begin using our platform, we expect this to have a very positive impact on our financial performance.
On Aug. 20, 2024, the Company announced that it had entered into a transaction with Any Lab Test Now (ALTN) to bring together the franchise operations of both Any Lab Test Now and ARCpoint into a new joint venture company, CRESSO Brands LLC. Any Lab Test Now, based in Atlanta, Ga., was founded in 1992 and at the time of the Aug. 20, 2024, transaction, had more than 235 U.S. franchise locations, providing direct access to clinical, DNA, and drug and alcohol lab testing services, as well as phlebotomy and other specimen collection services, through its retail storefront business model. When combined with the more than 135 ARCpoint Franchise Group (NASDAQ:) locations, also at the time of the transaction, CRESSO is now the largest franchise network of its kind in the United States. At the time of the CRESSO transaction, ALTN and ARCpoint also agreed to make ARCpoint’s MyARCpointLabs technology platform (MAPL) the systems choice for CRESSO brand franchisees.
Mr. Constantine concluded, The addition of more locations and users of MAPL will greatly enhance the offering of the franchisees to their customer bases as well as the functionality of the health and wellness care ecosystem we are building by allowing service providers, such as telehealth and direct primary care providers, independent pharmacies and diagnostic labs, to better serve customers. In turn, we believe…
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