SCHAUMBURG, Ill., April 13, 2015 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (OTCQB:WCUI) today announced that its wholly owned subsidiary, StealthCo, Inc. (SCI) dba Stealth Mark, has been accepted into MATTER, the nation's newest healthcare technology incubator, focused on next-generation health IT, medical device, bio/pharma and diagnostic innovation. Acting quickly on its new membership and leveraging MATTER's strong partnerships, Stealth Mark will showcase its advanced anti-counterfeit and diversion technology at the 2015 Annual HIMSS Conference & Exhibition on April 13th through April 15th at the McCormick Place in Chicago, Illinois.
MATTER is a not-for-profit organization developed by a team of entrepreneurs and industry leaders. MATTER received $4 million from the state of Illinois to help launch MATTER and over $4 million in support from more than 30 industry partners. MATTER began as a project of ChicagoNEXT, Mayor Emanuel's council on technology innovation, and launched in February 2015.
Every year, the HIMSS Annual Conference & Exhibition showcases the newest technologies, trends, and solutions in health IT. The conference brings together 38,000+ healthcare IT professionals, clinicians, executives, and vendors from around the world. Exceptional education, world-class speakers, cutting-edge health IT products, and powerful networking are hallmarks of this industry-leading conference.
"We are very excited at Stealth Mark to have been selected into the MATTER community," stated Rick Howard, CEO of SCI. "Stealth Mark's acceptance into MATTER continues to validate our unique microparticle technology and will provide us with additional exposure, beginning with the 2015 HIMSS Annual Conference and Exhibition," he added.
"The need for StealthMark™ technology within the $1 Trillion/year counterfeit market is simply massive," Dr. Jay Joshi, the chief medical officer for Wellness Center USA, Inc. stated. "Counterfeiting, diversion, and the general lack of authentication specifically within the pharmaceutical industry leads to $100-$200 billion in losses and is a direct cause of morbidity and mortality. Simply put, people are getting sick and dying because of counterfeiting and diversion. Companies have an opportunity to save lives, reduce costs, and increase their bottom line with anti-counterfeiting and diversion-deterrent solutions like Stealth Mark."
He continued, "The Drug Supply Chain Security Act (DSCSA), which passed in 2013, calls for product identification, product tracing, product verification, and more. No pharmaceutical company has resolved these issues. Stealth Mark can be a part of the solution today. Consciously ignoring patient safety by refusing to add technologies like StealthMark™ to help identify counterfeit medications and diversion is simply irresponsible. Companies can be either part of the problem or be part of the solution by utilizing a technology like StealthMark™. Since Stealth Mark is unique in many ways, it represents a paradigm shift within the security technology market. We look forward to working with organizations that share the same philosophy of truth and transparency."
Stealth Mark is a global product authentication solutions provider that offers the most advanced product security technologies available today within the security and supply chain management vertical sectors. Stealth Mark solutions are based upon encrypted microparticle technology, state-of-the-art printing technologies, and a reader that can be used with iPhone and other smartphones. The reader, working in conjunction with the StealthFire™ software, authenticates the StealthMark™ microparticle mark and captures the unique ID, GPS validated location, and QR code. This software suite equips users with critical information and the flexibility needed when tracking products in real-time.
About Wellness Center USA, Inc.
Wellness Center USA, Inc. (www.wellnesscenterusa.com) is a hybrid healthcare company that combines best in class technologies, software, devices, providers, protocols, goods, and services. It was created to address important healthcare and wellness needs via breakthrough solutions, all centered around the "well-being of the body and mind". Wellness Center USA, Inc. is the parent company of three businesses reporting consolidated: Stealth Mark, National Pain Centers, and Psoria-Shield.
About MATTER
MATTER is a community of healthcare entrepreneurs and industry leaders working together in a shared space to individually and collectively fuel the future of healthcare innovation. MATTER's mission is to proactively connect and promote collaboration between entrepreneurs, scientists, physicians and industry partners in order to bring next-generation products and services to market that improve quality of care and save lives. For more information, visit http://www.matterchicago.com and follow @matterchicago.
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