April 4, 2016 – MONTREAL, QUEBEC – Relevium Technologies Inc. (TSX.V – “RLV”) (Frankfurt: “6BX”) (the “Company” or “Relevium”) is pleased to provide an update on its corporate strategy, which is primarily focused on the acquisition of products or companies within three major verticals in the health and wellness sector: Pain Relief, Recovery and Performance.
Relevium is pleased to announce that it has executed an Exclusive Supply Agreement of its patented magnetic technology with Back-A-Line Inc., a California-based leader in back pain solutions. Relevium will provide its latest patented magnetic field technology for insertion in the company’s Dynamic Back Support system, which combined, will help improve healing and pain management for back related injuries. Back-A-Line sells its Dynamic Back Support across many industries, including air transport, food and grocery, health care, trucking, and manufacturing as well as public sector unions and the US Army.
“We are very excited about this initial cooperation between Relevium and Back-A-Line Inc., and we believe that the combination of their unique patented design and our technology will prove to be a great source of relief to those suffering from back pain” stated Bill Landtbom, CEO of Back-A-Line Inc. He stated further: “This unique combined wearable was devised specifically for chronic back pain, a market of approximately 20M adults in the US alone. In our opinion, no other device and “conservative” protocol can provide the same effective alternative to pharmaceuticals and surgery”.
“We are pleased with this initial partnership and we believe that the passion, dedication and product offering of Back-A-Line is an ideal fit for our technology. The combination of their Dynamic Belt Support product with our patented technology will provide their customers with a unique and effective solution for dealing with back pain and overall wellbeing”, stated Leena Lakdawala, CEO of Relevium Technologies.
The company remains actively engaged in identifying ecommerce assets within its three active verticals and is currently reviewing several candidates that fit well with the Company’s strategy. Additionally, the Company is exploring the opportunity to provide services in this sector.
About Relevium Technologies Inc.
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies within the scope of the expanding health and wellness sector, specifically under three important verticals: Pain Relief, Recovery and Performance. Relevium Technologies Inc. currently holds patented intellectual property for application of static magnetic fields on direct-to-consumer devices, which aid in decreasing pain, improving recovery time and enhancing overall physical performance.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
CEO and Director
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that the conditions to the transactions contemplated by the potential letter of intents will be satisfied or that those transactions will be completed. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.