SINGAPORE - January 13, 2025 (NEWMEDIAWIRE) - Mobile-health Network Solutions(Nasdaq: MNDR) ("MNDR" or "theCompany"), a global leader in telemedicine and digital health innovation, today announced that the Company's co-CEOs, Dr. Siaw Tung Yeng, PBM, Senior Consultant Family Physician, and Dr. Rachel Teoh Pui Pui, PBM, Family Physician, issued the following Letter to Shareholders regarding the Company's achievements during 2024 and vision for the future.
Dear Shareholders:
We hope each of you had a wonderful Holiday Season, filled with health and happiness for you and your loved ones.
You probably noticed that 2024 was a year of both highs and lows for our Company. As for the highs, after seven years of working with focused determination, we IPO'd on April 10, 2024. In so doing, we achieved many firsts the first telehealth company from APAC to list on a major US stock exchange on Nasdaq, as well as the first from APAC to cross the market cap of $1 billion; it was the dawn of a new era. We were thankful for the unwavering support of our families, friends, and investors who believed in us, journeyed with us, and made our dreams come true. Above all, we are thankful to our employees: Every one of you counts.
At the same time, we were excited at what the future holds for us the vast capital market, at the very heart of innovation and transformation, giving us the opportunity to work and partner with the very best to fulfill our vision of providing the highest quality, comprehensive, near-instant, 24/7 global healthcare platform, accessible and affordable to all. This is the mission and identity that defines us; we will never take this for granted. We remain grounded and pledge to work tirelessly to achieve this goal.
"To Us, Every Day is Day 1"
But there were also the lows, most notably the low share price. Rest assured that we are equally concerned. We remain staunchly committed to maximizing shareholder value in the long term, and believe that MNDR's real value will eventually show up in the share price. We are heartened by the many friends and investors (many of whom we have met in 2024) who believe in us and who continue to cheer us on as we make the rounds of the many investors' conferences in the US. Each day, we wake up with renewed strength, and we are a step closer to our vision.
There was also our regulatory challenge. As MNDR grows and scales, we expect regulatory challenges and scrutiny to come our way. In every state and country we are or will be in, we will continue to work closely with the local Ministry of Health to minimize, if not avoid, similar occurrences. What happened in August 2024 will not distract MNDR from our founding vision. As we close and learn from this unfortunate chapter, we emerge better prepared to navigate forward, and step closer to realizing our vision.
"We'll Sail Through the Choppy Seas, Fly Past the Turbulent Skies"
In pursuing our vision, we know there will be growing pain. These challenges are only steppingstones to scale greater heights. As one example, we are excited at what AI brings to us. What could take 20 to 30 years to achieve in other industries may be possible for us in only 5 to 10 years. We believe we are at the beginning of the Renaissance in healthcare and that MNDR is well poised to usher in this golden age.
Looking ahead to fiscal 2025, MNDR is well positioned to capitalize on opportunities created by our expanded international presence, enhanced technological capabilities, and new product offerings, thereby achieving even more robust revenue growth and a substantially improved earnings performance.
"The World is Our Oasis, We Are Here to Make a Difference"
Our Vision
Our ultimate aim - which we believe can be achieved within a decade - is to become a global provider of equitable, affordable, and advanced healthcare, accessible to all. We believe we have the vision and AI tools to make this aim a reality - one we think the world is more than ready for.
Until then, we extend to you, our devoted and loyal shareholders, our heartfelt thanks and appreciation for your support and your belief in our future. Thank you for journeying with us to make healthcare equitable for all. At MNDR, the journey to the golden age of primary care has only just begun.
"The Renaissance of an AI-powered Healthcare"
We look forward to sharing many exciting developments with you in the months ahead!
Sincerely,
Co-CEO Dr. Siaw Tung Yeng, PBM, Senior Consultant Family Physician
Co-CEO Dr. Rachel Teoh Pui Pui, PBM, Family Physician
About Mobile-health Network Solutions
Ranked #41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies, we are the first telehealth provider from the Asia-Pacific region to be listed in the US. Through our platform, we offer personalized and reliable medical attention to users worldwide. Our platform allows our community of healthcare providers to have broader reach to users through virtual clinics without any start-up costs and the ability to connect to a global network of peer-to-peer support groups and partners. Our range of seamless and hassle-free telehealth solutions includes teleconsultation services, prescription fulfillment and other personalized services such as weight management programs and gender-specific care. For more information, please visit our website.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to execute our strategies, manage growth and maintain our corporate culture; the Company's future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Inquiries: Skyline Corporate Communications Group, LLC Scott Powell, President 1177 Avenue of the Americas, 5th Floor New York, New York 10036 Office: (646) 893-5835 Email: info@skylineccg.com
