ActiveCare Appoints New Officers and Directors
Orem, Utah July 14, 2016 – ActiveCare, Inc. (ACAR), a leader in diabetes management products and wellness services for self-insured employers nationwide, announced that as part of the Company’s efforts to reposition for growth, James Dalton, the Company’s Chairman and Chief Executive Officer has resigned in order to focus on developing strategic partnerships for the Company. ActiveCare also announced the appointment of Jeffrey Peterson as Chairman and Chief Executive Officer and the addition of Eric Robinson as Chief Financial Officer and Brad Robinson as a Director. Mr. Peterson previously served as the Company’s Chief Financial Officer.
“I thank Jim for his vision and leadership on behalf of ActiveCare. I look forward to working closely with him as he continues to aid the Company,” said Jeff Peterson, Chairman and Chief Executive Officer. With the launch of its employer based diabetes wellness program in 2012, ActiveCare has experienced substantial growth in having serviced over 26,000 members from over 800 self-insured companies.
The ActiveCare solution combines real-time biometric technology with its data analytics and 24/7/365 CareCenter to create a safety net of care. This solution is meant to improve the health of employee participants while lowering the overall health care costs funded by their employers.
“We believe that the additions of Eric Robinson as Chief Financial Officer and Brad Robinson as a Director provides extensive experience that will help the Company continue to expand and accelerate our growth in the diabetes market,” continued Peterson.
As a major shareholder of ActiveCare, Mr. Peterson has been with the Company full time since 2011, serving in various capacities including most recently as a director and Chief Financial Officer. Prior to ActiveCare, Mr. Peterson was the Director of Investor Relations for Track Group, a Utah-based company specializing in remote monitoring and tracking. Mr. Peterson was a co-owner of a stock brokerage firm in Utah and assisted both private and public companies in raising over $50 million in funding. Mr. Peterson also currently holds board observation seats with Juneau Biosciences, LLC and CoNextions Medical, Corp.
Prior to joining ActiveCare, Eric Robinson spent fourteen years in private practice as a corporate attorney, focused on securities, corporate and other business transactions. Mr. Robinson is the General Counsel, Chief Financial Officer and director of MicroPower Global Limited, a development stage company in the semiconductor business. Mr. Robinson played a key role in the genetic research company, Juneau Biosciences, LLC as the former General Counsel, Chief Financial Officer and a manager. Mr. Robinson also acts as a director and chairman of the audit committee of ClearOne, Inc. (CLRO). Mr. Robinson graduated from Vanderbilt University with a J.D. where he graduated Order of the Coif and acted as a Managing Editor of the Law Review.
Brad Robinson has extensive experience in developing and structuring early stage ventures in the areas of pharmaceuticals, medical device and information technology. Mr. Robinson was a founding member of three private and publicly traded companies within the healthcare market. Mr. Robinson is the Chief Executive Officer of Predictive Technology Group, Inc. Mr. Robinson earned an MBA/MIM from Thunderbird - the Graduate School of International Management.
“Eric and Brad bring a wealth of experience innovating and creating technologies for the healthcare industry. We believe their additions will help us to penetrate and expand within the market place,” concluded Peterson.
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 proprietary monitoring 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 the symbol ACAR, ActiveCare's solution is changing 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, and adverse publicity risks. 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.