Largest Franchise Lab Testing Group Formed by ARCpoint and ALTN

ARCpoint and Any Lab Test Now Create Major Joint Venture

ARCpoint Inc. (TSXV: ARC) is excited to announce a significant transaction with Any Lab Test Now (ALTN) to merge their franchise operations into a new joint venture called CRESSO Brands, LLC.

Leveraging Strengths for Economic Performance

CEO of Any Lab Test Now, Clarissa Bradstock, highlighted the advantages of this partnership, stating that the collaboration intends to leverage the unique strengths of both franchises to enhance individual unit performances and overall economic efficiency. This merger is expected to deliver substantial benefits to ARCpoint’s franchisees and customers through improved service offerings.

Any Lab Test Now Overview

Any Lab Test Now, established in 1992, has expanded to over 235 franchises across the United States, providing accessible clinical, DNA, drug, and alcohol testing services. The company has consistently been recognized among the top franchises in the Entrepreneur Franchise 500 rankings, showcasing its reputation and operational success.

Strategic Benefits for Shareholders

ARCpoint’s CEO, John Constantine, mentioned that the merger is poised to bring cost efficiencies and benefits to ARCpoint shareholders. This venture will not only reduce costs but also broaden the distribution network through the implementation of ARCpoint’s proprietary technology platform, MyARCpointLabs.

Heading the New Joint Venture

Under the merger agreement, CRESSO Brands will be owned 70.5% by ALTN and 29.5% by ARCpoint. Both brands will maintain their independent management structures, with Bradstock and Constantine continuing to lead their respective franchises while reporting to a five-member board of directors.

Technology Integration for Franchisees

The agreement includes provisions for ALTN and ARCpoint to implement MyARCpointLabs as the technological framework for all CRESSO brand franchisees, enhancing operational efficiency.

About Any Lab Test Now

Any Lab Test Now specializes in direct access lab testing, providing a wide range of standard lab tests while emphasizing professional and transparent service. With a network of over 235 franchise locations, they offer various affordable testing options including blood work, drug screenings, and STD testing.

About ARCpoint Inc.

ARCpoint Inc. is a premier franchise system focused on drug testing, alcohol screening, DNA and clinical lab testing, and corporate wellness programs. Founded in Greenville, South Carolina, ARCpoint supports over 130 franchises and is committed to delivering innovative solutions to its partners and clients.

For further information, please contact:

ARCpoint Inc.
Jason Tong, Chief Financial Officer
Phone: (604) 889-7827
E-mail: invest@arcpointlabs.com

Frequently Asked Questions

What is the significance of the joint venture between ARCpoint and Any Lab Test Now?

The joint venture aims to create the largest franchise direct access lab testing group in the U.S., enhancing service offerings and operational efficiencies.

How will franchisees benefit from this merger?

Franchisees will gain access to improved technology platforms and operational synergies, ultimately enhancing their service delivery and economic performance.

Who will lead the new joint venture company, CRESSO?

The venture will be co-led by Clarissa Bradstock for Any Lab Test Now and John Constantine for ARCpoint, ensuring both brands retain their experienced leadership.

What services does Any Lab Test Now provide?

They offer a wide range of lab testing services, including clinical tests, DNA testing, drug screenings, and STD testing across their franchises.

What does ARCpoint focus on?

ARCpoint specializes in drug and alcohol testing, corporate wellness, DNA testing, and employment screening, among other services, promoting innovative solutions to clients.

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