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LOS ANGELES, Sept. 27, 2017 (GLOBE NEWSWIRE) -- BLVD Centers Corporation (“ BLVD ” or the “ Company ”) (TSX-V: CXV ), a leading company in the United States addiction recovery industry, today announced it has launched a plan to develop additional, novel addiction related services for its partner operators beyond tradition therapies.
The executive team is investigating and developing ways to introduce several new modalities to the growing patient base with an eye to increase census at all of its centers. These include treatments ranging from high technology device related treatments, such as transcranial magnetic stimulation (TMS), to sourcing experts in the areas of mindfulness and meditation.
More can be found about TMS in an article written about the science of addiction at: http://www.nationalgeographic.com/magazine/20...ted-brain/
“I want our partner operators to be able to offer services on the cutting edge of addiction treatment,” said CEO, Chris Heath. “We are investigating several types of new alternative treatment protocols that are FDA approved and insurance reimbursed. With our new business model, where we leave the marketing and treatment operations to our partners, it enables our small and talented executive team to focus on, and find, new and innovative ways to treat our patients. Not only are these new modalities a possible improvement for some of our patients, they are also a key component to distinguishing BLVD as a leader in addiction treatment. We will continue to investigate ways to increase our competitive advantage in the field, and ensure our partner operators can offer the best services possible to their range of patients.”
Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, the Company successfully developing additional services and the Company successfully developing ways to introduce new modalities with an eye to increase census at all of its centers, and new modalities being a possible improvement for some patients, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information, including: the Company successfully partnering with a TMS distributer; insurance reimbursement remains at levels similar to today; census levels and patient demand remains strong; partners operating their locations profitably; partners reimbursing the Company for any and all working capital loans; additional corporate overhead not being needed. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include, without limitation: changes in law; the ability to implement business strategies and pursue business opportunities; the state of the capital markets; the availability of funds and resources to pursue operations; decline of reimbursement rates; dependence on few payors; possible new drug discoveries; a novel business model; inability to partner with a TMS distributer; dependence on key suppliers; granting of permits and licenses in a highly regulated business; competition; changes in healthcare regulations or insurance coverage, particularly those relating to mental health or younger citizens; difficulty integrating newly acquired businesses; the time, outcome and cost of any inquiries, audits or litigation with insurance providers, or federal, state or local regulators; low profit market segments; as well as general economic, market and business conditions, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2017, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. The Company's results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
BLVD Centers Corporation Chris Heath Chief Executive Officer (424) 372-1123 investorinfo@BLVDcenters.com www.BLVDir.com
