UniDoc Provides Update on Marketing Engagement
Further to the Company's news release of April 3, 2025, the Company believes that its renewed engagement of Rumble is in compliance with Policy 7.2 of the Canadian Securities Exchange (the "CSE") as the Company believes that the renewed engagement of Rumble is consistent with its financial resources and level of operations for the reasons outlined herein.
Since its engagement with Rumble started in April 2024, the Company has expended approximately $3.84 million on Rumble's investor relations marketing services. Rumble's services have primarily consisted of the creation of digital landing pages highlighting information about the Company and undertaking digital marketing campaigns to increase potential investor awareness of the Company. The Company's rationale for incurring these marketing expenditures is to maximize its ability to convert outstanding warrants into cash. The Company was successful in this initiative and was able to convert the majority (over 90%) of the outstanding warrants resulting in gross proceeds of approximately $8.8 million.
While the Company has begun commercial sales, and expects to increase its marketing budget for product awareness in the coming periods, the Company is not yet cashflow positive and cannot sustain operations from revenue alone. Since inception, it has relied on raising funds through the issuance of equity and exercise of in-the-money warrants, and will need to continue to do so going forward. The Company has raised a total of approximately $3.7 million from private placements and a further $9.7 million from the exercise of convertible securities since incorporation in 2021. The Company's ability to continue to raise capital through private placements and convertible securities depends in large part on maintaining liquidity in its stock, which is greatly assisted through undertaking investor awareness campaigns. The majority of the ~8.8 million in funds raised by the Company since Rumble's engagement in April 2024 have gone into, or have been allocated towards, the Company's general and administrative (including office & admin, consulting fees, professional fees and travel & entertainment) (~$1.4 million) and investor relations services (~$3.4 million). While the CEO's and other team members' salaries and travel expenses are not reflected in the financial statements as product marketing, a significant portion is attributable to those activities.
Further, the Company is pleased with its transition from development to sales and is extremely pleased that it expects to report its first revenue in fiscal Q4, which validates the efficacy of its product and buy-in from consumers. To date, the Company has received purchase orders from four separate arm's length end customers for an aggregate of 16 H3 Health Cube booths (two of such purchase orders came through a related party reseller, UniCheck S.r.l.), and has completed delivery of three of these booths. The Company expects to record revenue in Q4 related to two of these booths delivered to its reseller, UniCheck S.r.l. The Company donated the third booth to the end customer, and therefore does not expect to record corresponding revenue.
In light of its increase in operations, commencement of commercial sales, and successful financing activities, the Company believes that its investor relations marketing expenditures are both necessary and proportionate with both its level of operations and financial resources. That notwithstanding, given the natural long sales cycle for procuring and executing on sales in multiple health jurisdictions, there is a lag effect between marketing timing and sales timing that is currently normalizing as purchase are being fulfilled. Management expects investor relations marketing expenditures to significantly decrease and operational expenditures to significantly increase over the coming quarters.
On Behalf of the Board of Directors,
~Antonio Baldassarre~
Antonio Baldassarre CEO, President & Director UniDoc Health Corp.About UniDoc Health Corp. (CSE: UDOC) (FRA: L7T) (OTCQB: UDOCF)UniDoc is developing an eHealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician's office. eHealth opens the doors to a large segment of the population challenged by access, experience or understanding of online computer technology. It is the Company's belief that physical accessibility is the key to its business proposition. UniDoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited timeframe. The UniDoc team encourages engagement, questions, and interest, so please stay in touch and invite anyone who might be interested in our story to visit our website at www.unidoctor.comand signup to receive the latest information with updates on our activities, events and progress.
For further information, please contact:
UniDoc Investor Relations Tel: +1 778.383.6731Email: info@unidoctor.comMatt Chatterton, Director Tel: +1 778.613.2082Email: matt@unidoctor.com
Media Inquiries media@unidoctor.com
Forward-Looking StatementsThis news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward- looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "may", "would", "could", "will", "will be", "likely", "except", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the anticipated effectiveness of Rumble's investor awareness campaigns, the value of such services to the Company, the Company's anticipated future marketing and operational expenditures, and the sales cycles of the Company's products.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company's ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all; as well as all of the other risks as described in the Company's annual management discussion and analysis dated September 30, 2024 under the heading "Risks Factors." Accordingly, readers should not place undue reliance on any such forward-looking information.
Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward- looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.The CSE does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: UniDoc Health Corp.
View the original press release on ACCESS Newswire
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What is a deed of trust?
Key takeaways A deed of trust is a legal agreement used in real estate transactions in which a third party — the trustee — holds the title to the property until the borrower repays the mortgage. A mortgage is a similar agreement, but it doesn't involve a third party. The borrower or lender — depending on state law — holds the title. Both agreements obligate the borrower to repay the home loan, with the home serving as collateral if they default. What is a deed of trust? A deed is a legal document that shows who has title to — or ownership of — a piece of property. And a deed of trust, or a 'trust deed,' is a deed that gets put into a trust. Like a mortgage, a deed of trust agreement obligates the borrower to repay a home loan, with the home serving as collateral if they default. Deeds of trust are used instead of mortgages in some states. How does a deed of trust work? There are three parties in a deed of trust: the lender, the homebuyer or borrower, and the trustee. The trustee is a third party who plays the role of intermediary for the real estate transaction, usually a title company or escrow company. It can also be another party, such as an attorney or bank. Here's how the process works: Shop Top Mortgage Rates A quicker path to financial freedom Your Path to Homeownership Personalized rates in minutes The lender gives the borrower the funds to make the home purchase. In exchange, the borrower provides the lender with a promissory note. This outlines the terms of the loan and the borrower's promise to pay. The borrower transfers the real property interest — or the right to the particular piece of real estate — to the trustee. The trustee holds the deed until the borrower repays the lender, at which point the borrower receives the deed. Is a deed of reconveyance the same as a deed of trust? A deed of trust is not the same as a deed of reconveyance. A deed of trust is used when you first take out a loan, and a deed of reconveyance is a legal document confirming that your home loan has been fully paid off. It proves that your lender has removed the lien on your property and transferred ownership of the property to you. Deed of trust vs. mortgage Both a deed of trust and a mortgage are agreements between a lender and a borrower to fund and repay a home loan. Both also state that the home serves as collateral for the loan, meaning if the borrower stops repayment, the lender has recourse. A deed of trust, however, adds a third party to the agreement: a trustee, an unbiased third party that holds the property's title while the loan is being repaid. A mortgage, on the other hand, involves only the lender and the borrower. Deeds of trust and default The differences between a mortgage and a deed of trust become important in cases of default. If a borrower fails to repay a mortgage, it's 'usually foreclosed judicially, through the court system,' according to Amy Loftsgordon, legal editor at Nolo. Judicial foreclosure is a lengthy process that involves expensive legal fees. If the borrower defaults on a loan secured by a deed of trust, the trustee has the right to take control of the property. 'Deeds of trust are usually foreclosed through an out-of-court, nonjudicial process,' Loftsgordon says. Nonjudicial foreclosure typically happens more quickly than judicial foreclosure. Learn more: Calculate your monthly mortgage payment State laws and deeds of trusts 'A deed of trust is not recognized by all states,' says Kevin Frankel, a partner at Fiffik Law Group. According to Rocket Lawyer, deeds of trust are used exclusively in 25 states and the District of Columbia, while nine states permit both the use of deeds of trust and mortgages. In the states that allow both mortgages and deeds of trust, such as Arizona and Michigan, the lender can choose which to use. Lenders typically opt for the deed of trust, as it speeds foreclosure proceedings if the borrower defaults. FAQ How does a deed of trust impact foreclosure? Under a deed of trust, if the borrower is in default, the property can be sold by the trustee without going through a costly, lengthy legal procedure. The process is known as a nonjudicial foreclosure. Nearly all deeds of trust include a power-of-sale clause, which allows the trustee to sell the home without needing to foreclose on it first. Alternatively, borrowers may pursue a deed in lieu of foreclosure. Can a deed of trust be transferred? Deed of trust transfers operate similarly to mortgage transfers, though neither one is especially common. Whether buying a house with a deed of trust or a mortgage, the transferee will most likely need to enter into a new arrangement as part of the sale. However, in certain circumstances, like a property owner's death, divorce or living will proceeding, both mortgage and deeds of trust can be transferred. The appropriate authorities — usually a municipal government — will have to record the transfer, just like they would for a purchase agreement. And, Frankel says, 'Based on the terms of the deed of trust, it may be assigned if all three parties agree in writing.' What is the difference between a deed of trust and promissory note? To compare a deed of trust to a promissory note, think of the deed of trust as the whole agreement while the promissory note is just one part. The promissory note focuses on the borrower's commitment to repay the lender. The deed of trust is an overarching document that specifies what happens if the borrower defaults on the loan. 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