Financial Results and Letter to Shareholders

HOUSTON, TX / ACCESSWIRE / October 23, 2017 / Quantum Medical Transport, Inc. (DRWN: OTC PINK)

To the shareholders of Quantum Medical Transport, Inc.:

Management decided to release financial results for the 3rd Quarter unaudited period ending September 30, 2017. Our financial results were $978,049 with assets $1,279,747 and total liabilities of $1,494,656. Our full financial report can be viewed and downloaded on our website investors tab. As our shareholders are aware we hired MaloneBailey, LLP as independent auditors to perform our financial auditor. After more than nine months since our second engagement with the audit firm, we have not received the audit opinion we had hoped to receive from our auditors. We hired a third party CPA to work with our auditors to complete the process of the audit. We apologize to our shareholders for not managing the process appropriately. We have relied upon guidance from our audit manager promising to have final audit numbers ready for management to release and missing the target dates each time. We paid our auditors $8,000 and our CPA $2,500 to get the audit complete and at the eleventh hour after completing the audit numbers for just the first quarter ending March 31, 2017, the auditors requested an additional $11,000 which we will not pay, because our engagement called for $6,000-$8,000 audit fee. We have decided to terminate the audit process and will seek alternative PINK status with OTC Markets and remove the STOP sign. We will not file an S-1 and will not seek fully reporting registration status at this time. Our financial reports are presented under United States GAAP standards. The company will instead focus on increasing market share in its marketplace through market awareness and increasing revenue streams organically.

About Quantum Medical Transport/United Ambulance

QUANTUM MEDICAL TRANSPORT, INC. /UNITED AMBULANCE, LLC is an emergency and non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.

Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Investor Relations:

Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com

SOURCE: Quantum Medical Transport, Inc.

ReleaseID: 478726