HEALWELL AI INC. - WELL Health Founder &CEO Hamed Shahbazi Appointed Chairman of - the Board of HEALWELL AI //st Hamed Shahbazi, Founder, Chairman and CEO of WELL Health Technologies has been appointed Chairman of HEALWELL AI. Mr. Shahbazis appointment is strategically important for shareholders of both WELL and HEALWELL given the shared objective between the companies to create the most advanced and easy to use AI inspired tools that can equip care providers with various Co-Pilots that can help them improve diagnosis of rare and chronic diseases, improve efficiency of their practice, and improve patient health outcomes. WELL is currently the shareholder of HEALWELL with ownership of 20.7% of the company's issued and outstanding voting securities.

WELL also has an option to acquire approximately 30 million multi-voting shares that would give WELL a controlling position in HEALWELL, as defined on an IFRS financial reporting basis. Mr. Shahbazi continued, WELL has already invested significantly in HEALWELL and will continue to invest more time, resources and support for the long-term to ensure that HEALWELL is a world class company and leader in delivering AI-powered preventative care to millions of patients. Mr. Shahbazi is the Founder, Chief Executive Officer, and Chairman of WELL and has over 25 years of experience as a technology focused operator and executive.

Over the past six years, Mr. Shahbazi has led WELL to become the leading digital healthcare company in Canada, profitably approaching one billion dollars in annual revenue and having a significant positive impact on the industry. Previously, he founded TIO Networks a multichannel payment solution provider, specializing in bill payment and other financial services, which was acquired by PayPal in July 2017. Over his career, Mr. Shahbazi has gained extensive experience in strategic mergers &acquisitions, both as an operator and board member with more than 80 successful transactions worth more than $2 billion.

Concurrent to Mr. Shahbazis appointment, Mr. Kingsley Ward will be stepping down from HEALWELLs Chairman position but will continue to serve as an Independent Director on HEALWELLs board.