GAINESVILLE, Ga., Aug. 17, 2017 /PRNewswire/ -- Authentidate Holding Corp. (ADAT), a growth-oriented company focused on the development and provision of clinically actionable medical information, announced today that its common stock will begin trading on the OTCQB market immediately. Companies whose equity securities are quoted on the OTCQB are required to be current in their reporting and undergo an annual verification and management certification process, and maintain a minimum bid price.
"We are pleased with this key improvement in the market positioning of our organization," said Sonny Roshan, Chairman and CEO of Authentidate. "The uplisting reflects our commitment to providing our shareholders and prospective investors with increased transparency and liquidity. Authentidate, through our Aeon Global Health operating subsidiary, is positioning itself to be an industry leader within the value-based medicine space and we believe that this uplisting will enhance our exposure within the investment community and serve as a launching point as we begin to execute on our strategic growth plan."
ABOUT AUTHENTIDTATE/AEON GLOBAL HEALTH
Authentidate Holding Corp. (ADAT), through its Aeon Global Health operating arm is an emerging leader in the provision of clinically actionable medical informatics. Founded in 2010, Aeon is focused on the delivery of services that exceed federal standards for quality and industry standards for turn-around time. Operating out of a modern 30,000 square-foot facility in suburban Atlanta, the Company provides a comprehensive menu of diagnostic and laboratory- developed tests as well as interpretative data for a wide range of inherited conditions.
Except for historical information, the matters discussed in this press release may be considered "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. When used in this release, words such as "believe", anticipate" think", "intend", "plan", "will be", "expect" or similar expressions identify such forward looking statements. In addition, such statements include declarations regarding the intent, belief or current expectations of Authentidate Holding Corp. and its management, including those related to cash flow, gross margins, revenues, and expenses which are dependent on a number of factors outside of the control of the Company including, for example, the markets for the Company's services, costs of and services, other expenses, government regulations, litigation, and general business conditions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and that actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control. Other risks and uncertainties are more fully described in our reports filed with the SEC. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The statements made in this press release speak only as of the date stated herein, and subsequent events and developments may cause our expectations and beliefs to change. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this news release to reflect subsequent information, events, results or circumstances or otherwise.