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Mitesco, Inc. reports developments tied to its technology company strategy, including the Centcore cloud and data center business and software initiatives under Vero Technology Ventures. Company updates have covered secure cloud services, managed data center resources, GIS-related infrastructure offerings, and AI-based application software for sales automation.
Recurring announcements also address capital restructuring, advisory board and executive appointments, acquisition-oriented growth plans, and partner platforms such as Sportzfolio, a digital marketplace for sports facilities and users hosted within Mitesco's infrastructure environment.
Mitesco, Inc. (OTCQB: MITI) has appointed Tom Brodmerkel as CFO, effective immediately. Brodmerkel has an extensive background in financial management, having served as Chair of the Board since April 2020 and involved with the company since 2020. He replaces Phillip Keller, who resigned on June 12, 2022, for personal reasons. Keller will assist in the transition as a consultant. CEO Larry Diamond emphasized Brodmerkel's experience supporting the company's financial reporting and strategic plans, including the upcoming Nasdaq uplist.
Mitesco, Inc. (OTCQB: MITI) announced the lease signing and acquisition of building permits for its seventh clinic, The Good Clinic, in Wayzata, Minnesota, scheduled to open this summer. This new location is part of a mixed-use development near Lake Minnetonka. CEO Larry Diamond highlighted plans for additional clinics in Denver and aims for 50 clinics within three years. The company believes its nurse practitioner model may provide a 25% cost advantage, with rapid expansion expected due to higher-than-anticipated patient growth and unique service offerings.
Mitesco, Inc. (OTCQB: MITI) announced that CEO Larry Diamond will present at the Emerging Growth Conference on April 13, 2022, at 12:15 PM Eastern. The presentation will cover the company’s recent progress and plans for expanding and uplisting to Nasdaq, followed by a Q&A session. Interested parties can register for the live event at EmergingGrowth.com.
Mitesco, Inc. (OTCQB: MITI) reported a significant increase in its net loss for 2021, amounting to $11.2 million, or $(.06) per share, on revenue of $116,000, up from a loss of $2.9 million in 2020. The revenue stemmed from three new clinics opened during the year. Operating expenses rose by $3.5 million, influenced by increased Preferred Stock dividends. Despite challenges, the company plans to open 14 to 20 additional clinics in 2022, aiming for breakeven in Minnesota by year-end 2023. Cash on hand improved to $1.2 million, with a successful focus on expanding its clinic network.
Mitesco, Inc. (OTCQB: MITI) will host a shareholder update conference call on March 8, 2022, at 4:15 p.m. ET, led by CEO Larry Diamond. The call will cover the company's expansion plans, the intention to uplist to Nasdaq, and increased activity in existing clinics. Participants can join via a webcast link or by dialing in. A replay will be available until March 22, 2022. Mitesco aims to enhance healthcare accessibility through its subsidiary, The Good Clinic, utilizing a nurse practitioner model.
Mitesco, Inc. (OTCQB: MITI) has appointed Ms. Jessica Finnegan as Vice President of Human Resources. Finnegan brings over two decades of global HR experience, previously serving as Chief Human Resources Officer at MKS2 Technologies, where she managed HR for employees across 49 states. Her extensive background includes high-level positions in organizations like Global Aerospace Logistics and the US Department of Defense. CEO Larry Diamond emphasized her role as crucial for the company’s growth, especially as Mitesco expands its clinic operations and prepares for a Nasdaq uplisting.
Mitesco, Inc. (OTCQB: MITI) will host a shareholder update meeting on November 22, 2021, at 11:30 a.m. ET. CEO Larry Diamond will present the company's growth plans, market opportunities, and progress. Participants can join via webcast or dial-in. The event aims to provide insights into Mitesco's innovative approach to healthcare through personalized wellness clinics. The company emphasizes accessible, high-quality, and affordable healthcare solutions through its subsidiary, The Good Clinic, and future European operations under Acelerar Healthcare Holdings Limited.
Mitesco, Inc. (OTCQB: MITI), a wellness clinic operator, reports significant progress in expanding its network of The Good Clinic™ locations. The company opened three clinics in Minneapolis and plans to operate eight by spring 2022, aiming for 50 clinics by the end of 2023. Mitesco has secured necessary funding from institutional investors and management, reflecting strong commitment to growth. However, revenue generation has been slow, though increasing client traffic and insurance partnerships are expected to boost earnings in the future.
Mitesco, Inc. (OTCQB: MITI) has unveiled a series of informational video interviews showcasing its leadership team from The Good Clinic, LLC. The initiative aims to educate current and potential investors about Mitesco’s patient-focused healthcare model and the integration of technology in primary care.
CEO Larry Diamond highlighted that increasing inquiries from investors prompted this proactive approach to enhance communication. The initial video features insights from Board Chair Tom Brodmerkel and leadership members Michael Howe and Brad Case.
Mitesco, Inc. (OTCQB: MITI) has announced the lease of its sixth wellness clinic site in Eagan, Minnesota, near the new Minnesota Vikings training facility. CEO Larry Diamond highlighted the strategic location's potential to attract a new client base due to the area's growth in residential developments. Eagan, a thriving city with over 67,000 residents, boasts a robust business environment, making it an ideal choice for Mitesco's expansion. The company continues to build a network of clinics focusing on personalized care and enhanced accessibility.