New York, November 17, 2021 (GLOBE NEWSWIRE) – Life on Earth Inc, (OTC PINK: LFER) (âLFERâ or âThe Companyâ), a technology and software company currently engaged in the Internet business objects (IoT) and cloud-based solutions, has entered into a binding letter of intent to acquire the CareClix group of companies from Solei Systems, Inc. (OTC: SOLI) to expand the company’s business in the telemedicine and medical software services industry. The CareClix group of companies will be acquired as wholly owned subsidiaries. The CareClix subsidiaries being acquired by LFER consist of the CareClix B-to-C division, its B-to-B division, the software development division and the RPM (remote patient monitoring) division. . More detailed information will follow concerning the different operational entities and their functions. The Company expects the acquisition to be finalized once the final due diligence process has been completed, with the signing of a share purchase agreement no later than December 17, 2021 and the closing of the transaction by later than December 31, 2021.
Mahmood Khan, CEO of LFER, added: âThe telemedicine industry has emerged as one of the most effective ways to meet the needs of physicians and patients and delivery services while keeping a safe distance from l ‘exposure. Telemedicine is here to stay and grow rapidly and is being adopted by insurance companies, businesses, individuals, physicians, and medical personnel. In addition, he added, âWhen this opportunity was presented to us, we realized, after careful verification and review, that we could improve our overall technical and software strategy by providing safe, secure and secure medical services. efficient in a compliant cloud environment. system that increases business productivity and innovation while ensuring that data is protected from hackers.
Charles Scott, CareClix Holdings, Inc, President and CEO, added: âThe synergies of this transaction between CareClix and Life on Earth are remarkable. Our respective management teams work well together with complementary skills that should serve the company well in the future. Our loyal shareholders are the primary beneficiaries of this transaction, and we look forward to our shareholders having a public market for their shares with a company and team with a proven track record of compliance. “
About Life on Earth Inc.
Life on Earth, Inc. (Rose OTC: LFER) is a cloud-based enterprise software developer and provider that enables rapid innovation that keeps business operations secure, compliant and manageable. The products have been designed to help organizations innovate and modernize their existing systems while minimizing the costs and risks of business disruption and ensuring regulatory compliance. For more information, please visit our corporate website – www.lifeonearthinc.com Investors and companies, please contact: [email protected] | (646) 844-9897
About CareClix Holdings, Inc.
CareClix Holdings, Inc., formerly Solei Systems Inc. (OTC: SOLI), is a leading virtual telehealth platform. The company, through its multiple operating subsidiaries, provides software applications coupled with medical services enabling patients to receive care anytime, anywhere. The CareClix suite of services is transforming the way hospitals, physicians and clinical providers can interact with growing numbers of patients. CareClix has an established reputation for success in partnering with organizations and clients and millions of people in the United States and in over 60 countries who currently use CareClix services. You can learn more about CareClix by visiting: www.careclix.com.
Forward-looking statements: This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in this release and include all statements that are not statements of historical fact regarding the intention, belief or current expectations of Life On Earth, Inc., its directors or officers with respect to, between other: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may”, “would”, “will”, “expect”, “estimate”, “may”, “believe”, “may” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the control of Life On Earth, Inc., and actual results may differ materially from those projected. in the forward-looking statements due to various factors. Nothing in this press release should be construed in any way as an indication of future earnings, financial performance, or the share price of Life On Earth, Inc.. Potential factors that could affect business and financial results are and will be included in the documents filed by Life On Earth, Inc. with the Securities and Exchange Commission at www.sec.gov.