Orange, CA, Dec. 01, 2016 (GLOBE NEWSWIRE) -- Supurva Healthcare Group, Inc. (OTC PINK: SPRV), Jim Farooquee, CEO and President of Supurva Healthcare Group, Inc. is pleased to announce the board of directors’ approval and establishment of new Corporate direction. The Company has stated that it is looking to divest from mobile dental and onsite services division. The corporate foundation laid now for mobile app development and deployment of its application to various industries is still a portion of the company’s focus.
Surpurva has already started the process to move the mobile dental and senior care business out and has already started discussions for 2 new joint ventures, as well as a possible acquisition in an industry generating over $107B a year. The company stated they are also looking to bring in other profitable businesses to expand and grow in industries that have high demand today. Supurva is states Software/Mobile App development offers better margins and it allows the company to focus on today’s technology and core market demand. The mobile app industry is expected to generate $77B in 2017.
As the market, has accepted mobile smart phones as an alternative to desk top computers and laptops in regards to mobility and accessibility, a successful mobile application strategy is essential to almost all future businesses. Our apps will improve the profitability and sustainability for several platforms which we will continue to address.
Supurva believes that the mobile app platform division is a strategic expansion and a stepping stone to a stronger business model. The Company states that users will be able to download a mobile application to facilitate a better profit control for their businesses on platforms that we continue to focus on and develop.
As Supurva’s new president and CEO, Jim Farooquee, is determined to energize the company and feels strongly the company is now heading in the right direction. He will continue overseeing the process of maintaining the Company’s financial statements and bringing disclosures up to date. These filings will be updated on OTC Markets, as well as on the Company’s investor page.
“We are quickly moving forward with the process of hiring a team of professionals for the business” Mr. Farooquee remarked. “We need to increase our exposure, expand the business, and run our operations at a higher level of efficiency. There was a solid base of ideas and relationships in place when I took over the Company –with better management and implementation there is a massive opportunity for Supurva going forward in the rapidly growing mobile application market, amongst other strong opportunities. On a side note, I want to thank all of our loyal shareholders for sticking with Supurva. There are other strong developments that are noteworthy with the Company, but I will keep you apprised as these developments shape up. Please feel free to contact me directly with any questions or concerns you may have.”
About Supurva Healthcare Group, Inc.
Supurva Healthcare Group, Inc., a Delaware Corporation, is a healthcare holdings company based in Orange, California. Supurva, through its wholly owned subsidiary On Site Solutions, LLC, provides on-site healthcare and dentistry for acute, subacute, and nursing facility residents/patients.
Forward Looking Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Supurva Healthcare Group, Inc. is a healthcare holdings company. At the time of this release Supurva Healthcare Group, Inc. lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Supurva would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risk not mentioned may apply: failure to meet Supurva's financial and contractual obligations, Supurva's managerial errors made based upon the Company's limited experience and knowledge of the industry, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements