Medivolve Achieves Significant Milestone by Establishing Management Services Organization

TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — Medivolve Inc. (“Medivolve” or the “Company”) (NEO: MEDV; OTC: MEDVF; FRA: 4NC) is pleased to announce that it has established Medivolve Management Services, LLC in Puerto Rico to serve as a management services organization (the “MSO”). The MSO has been organized by the Company in accordance with applicable rules governing the practice of medicine in the United States. The Company, through the MSO utilizing the telehealth platform currently in development, intends to coordinate physician/patient interactions, provide medical billing and practice management services, and facilitate access to diagnostic testing and pharmacy services in partnership with qualified health practitioners and in reliance on services provided by Medivolve’s wholly owned subsidiaries, Collection Sites and Medivolve Pharmacy. For this purpose, in late April 2023 the MSO entered into a management service and licensing agreement with a California medical corporation that is qualified to practice medicine in California (the “Physician Network”).

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