The call-in number to participate in the call is Dial-in number: (978) 990-5000, Access code: 418650 (Press the # sign after entering your access code).
We will answer questions sent by email first, then open the call to new questions depending on the available time. To submit investor questions in advance, please send an email to investors@mitescoinc.com.
“The year-end results are now complete, and while it was clearly a year focused on winding down the Company’s healthcare subsidiary, “The Good Clinic,” we also set the stage for new initiatives aimed at businesses that may find greater growth opportunities going forward. Our recently appointed
1) This week marks a new beginning for the Company as we embark on an initiative using technology to address key infrastructure needs through data center services and application-specific software and staffing. Industry sources suggest that revenue in the data center market is projected to reach
Key data center trends of note include: expanded power and cooling needs, including new liquid cooling technologies; learning systems driving the increased need for greater access and bandwidth; and edge and cloud computing with highly secure and reliable network access. These needs drive new demand for power generation, both standalone and through optimized power grids. Smaller communities and utilities will be impacted, and their base of customers on whom they rely for revenue will drive them to invest quickly to meet demand. We believe all of these trends create opportunities for new initiatives.
We intend to focus on markets that require highly secure network access and data security, both commercial and within the municipal and utilities markets. Smaller providers are being pressured to increase their security in defense of malicious actors, while at the same time increase monitoring capabilities at their facilities. Many of these providers do not have the in-house resources to facilitate staffing and systems. We therefore believe that offering outsourcing of both traditional systems and next generation cyber security may be an excellent entry point for this market.
2) We are adding additional staff to our
3) We are continuing to reduce the overhang from previous investments in the healthcare arena. We have reduced the liabilities from previous facilities by 80% in some cases and have plans in development to preserve the investment of our common stock shareholders while allowing previous institutional investments to participate going forward.
We thank our shareholders for their continued support and look forward to developing operations with the potential for growth and returns to all our investor base.”
About
Contact:
Mitesco Investor Relations
jimmycaplan@me.com
512.329.9505
Mitesco Media Relations
eiscom@msn.com
917-691-8934
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to the expected foreclosure of several of our clinics. Words such as “expects,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,” “commitments,” and variations of such words and similar expressions are intended to identify such forward-looking statements. We caution you that the foregoing may not include all the forward-looking statements made in this press release.
These forward-looking statements are based on the Company’s current plans, assumptions, beliefs, and expectations. Forward-looking statements are subject to the occurrence of many events outside of the Company’s control. Actual results and the timing of events may differ materially from those contemplated by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things, the ability to obtain additional financing; the risk that commenced and threatened litigation may result in material judgments against the Company; and other risks and uncertainties included in the Company’s reports on Forms 10-K, 10-Q, and 8-K and in other filings the Company makes with the
Source:
2024 GlobeNewswire, Inc., source