OREM, Utah, Sept. 4, 2014 (GLOBE NEWSWIRE) -- ActiveCare Inc. (OTCBB:ACAR), a leader in diabetes monitoring and wellness services for self-insured employers nationwide, previously announced in a published report a projection to add 17,000 new members between October 1, 2014 and June 30, 2015. The Company had previously announced projections of 2,500 new members for the quarter ending September 30, 2014, which the Company expects to meet.
"We are pleased that our new plan of working with our channel partners is enabling us to meet our membership goals for our current quarter," commented David Derrick, Chairman and CEO of ActiveCare. "Our membership growth will allow us to achieve over $11 million in revenue in the next 12 months. Major contracts with key partners such as AHDI and RxBenefits continue to add new members on an ongoing basis as we work to implement our solutions to a greater portion of their diabetic population."
This growth comes as ActiveCare is expanding its sales and marketing resources and has hired additional sales executives over the past three months. The Company is focusing on regional areas where the sales team has improved market intelligence and understanding for better market penetration.
"Our market continues to grow as it is now estimated that by the end of year there will be over 29 million people in the U.S. will be diagnosed with Type 2 Diabetes. The cost to the healthcare system is approximately $400 billion annually. Our new sales plan is expected to meet our growth expectations as our monitoring solution lowers claims costs for individuals and healthcare providers," concluded Derrick.
To see the full ActiveCare Report please go to:
ActiveCare, Inc. provides patented diabetes monitoring and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Utilizing state-of-the-art meters with embedded cellular technology, trained CareSpecialists can intervene in real-time and provide members with the support needed to control their disease 24 hours a day, every day. Headquartered in Orem, Utah and publicly traded on the OTC Bulletin Board under symbol ACAR, ActiveCare's solution is revolutionizing the way employers, individuals and their health plans monitor chronic disease. To learn more about ActiveCare, Inc., visit the website at www.activecare.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, regulatory uncertainty and economic pressure on the healthcare industry in particular, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with assimilating our recent acquisitions. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
CONTACT: Company Contact: Bryan Dalton, Director of Market Strategies ActiveCare, Inc. (877) 862-5545 Investor Relations: Capital Markets Group, LLC (212) 398-3486
Released September 4, 2014