Mr. Shane Madden reports

HYDREIGHT ADDS THE THIRD NATIONAL WELLNESS MEDSPA FRANCHISE FOR WHITE LABEL SOLUTION

Hydreight Technologies Inc. has added another national wellness med spa franchise using its white-label solution. The all-in-one solution is designed to help brick-and-mortar locations provide medical services to clients in compliance with state health care regulations.

Hydreight's white-label solution provides an integrated, turnkey platform and the framework for business to provide in-person medical services, supported by technology infrastructure, connection to an independent doctors' network and a pharmacy network through its medical partner. The company has secured three national medical spa partners with collectively almost 700 locations sold and 140 opened across the United States. Hydreight charges the franchises a licensing fee per location to access its network and takes a percentage fee from every mobile service facilitated through its platform. These brick-and-mortar businesses must use Hydreight's medical network's pharmacy to order products.

Hydreight's newest partner is a growing wellness spa with multiple locations across the United States. The locations will use Hydreight's proprietary technology to provide IV drip therapy, aesthetics, GLP-1 and NAD+ services. The integrated solutions will also assist the wellness franchise to continue expanding its footprint with new locations opening next year. Hydreight is also working on a point-of-sale and payment processing solution for all brick-and-mortar clients and is expecting to release that module in Q3, 2024.

The medical spa market in the U.S. is estimated at $6.1-billion (U.S.) in the year 2023. Hydreight has become the end-to-end platform of choice for all med spas, enabling them to unlock their mobile services with full compliance. Additionally, it manages all telemedicine, pharmacy connection and ordering, booking, scheduling, and patient engagement needs, with full integration into independent doctor and pharmacy networks.

Shane Madden, chief executive officer of Hydreight, commented: "As we continue to grow and evolve our platform, we've recognized that there are additional white-label opportunities to utilize and tap into our platform and network. Post-COVID, as rules and regulations have tightened, it has become increasingly hard for brick-and-mortar wellness spas to provide some services without a medical professional or telemedicine technology to see a doctor. Our white-label division has quickly become another revenue bucket that we will continue to focus on growing and our team continues to review these opportunities and onboard new partners. Now we are the platform of choice for our nurse network, VSDHONE D2C platform, and all national brick-and-mortar franchises."

To grow the division, the company plans to build a sales team to direct sell to these businesses and will continue focusing on increasing and adding more partners using its white-label technology.

About Hydreight Technologies Inc.

Hydreight Technologies is building the largest mobile clinic network in the United States. Its proprietary, fully integrated platform hosts a network of over 2,500 nurses, over 100 doctors and a pharmacy network across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking and managing patient data, which enables licensed health care professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians and other licensed health care professionals. The Hydreight platform allows health care professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight, through its medical network, has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network that provides services in over 650 cities and growing.

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