Wearable Health Solutions (OTCMKTS: WHSI) announced its hiring of a new chief financial officer (CFO) last week.
The move comes at a time when the medical technology company is taking concrete steps to attract new investors.
The New CFO
WHSI named Vincent S. Miceli as its new CFO.
Prior to joining WHSI, Mr. Miceli served as the CEO and CFO of LogicMark, a NASDAQ-listed company.
Mr. Miceli earned a master’s degree in business administration (MBA) from the University of Hartford and is a member of both the American Institute of Certified Public Accountants and the Connecticut Society of Certified Public Accountants.
WHSI’s CEO on New CFO Decision
Of the decision to hire Miceli, WHSI CEO Harrysen Mittler commented,
“Finding a top-notch finance leader of this caliber to join as CFO has been a top priority for WHSI as we focus on strengthening our executive team with the competencies to grow the business at scale. Mr. Miceli has broad experience and is a perfect match to support our continued growth.”
Uplisting on New Exchange
The continued growth of WHSI may, in large part, be driven by the company’s decision to uplist to a new stock exchange.
Upon having its most recent financial statement audit and other updated filed and accepted by the SEC, the firm announced in early May its intention to list on the OTC: QB exchange.
Uplisting for quotation of its common shares on the OTC: QB exchange provides the firm with increased exposure to a new and larger set of potential investors.
The move not only provides greater exposure for the firm, but also gives additional heft and gravitas to the firm as it courts new investors.
Having Miceli, a veteran of a NASDAQ-listed firm, will allow WHSI to navigate this uplisting with experience, confidence, and greater speed.
iHelp Max 4G
New investment will be used to strengthen and improve multiple areas of the business to move it to a new level of competition.
Perhaps the most important area the firm can invest its money is in its products.
While the company does market several medical technology products, its current push is for its new personal emergency response system (PERS), the iHelp Max 4G.
As the market for PERS grows, so does the call for better, more reliable, accurate, and integrated systems.
The new iHelp Max 4G, launching in just the next few weeks, provides a more trusted and comprehensive device and platform for users, care-circle members, and dealers.
Additional investment in the iHelp Max 4G could very well go a long way to take the company into a new level of sales, profitability, and overall attractiveness to investors and other firms.
WHSI as an Investment
WHSI’s stock price has nearly doubled since mid-July of last year, less than one year ago.
Investors looking to ride the wave with WHSI may find comfort in the new, well-experienced CFO helping the firm to uplist on the new-to-them OTCQB exchange and guiding them in their financial decision making in their growth strategies.
Learn more about WHSI’s potential here:https://topnewsguide.com/wearable-health-solutions-inc-whsi-profile/
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