Quantum Medical Transport Letter to Shareholders

HOUSTON, TX / ACCESSWIRE / August 31, 2017 / Quantum Medical Transport, Inc. (OTC PINK: DRWN), letter to shareholders:

Quantum Medical Transport, Inc. /United Ambulance, LLC would like to take this opportunity to address shareholder questions and concerns regarding our operations during Hurricane Harvey.

First of all we want to thank our shareholders for your concerns and well wishes for our staff and The Great State of Texas and all of its residents in our time of catastrophic distress caused by Hurricane Harvey. The devastation and number of lives affected is unprecedented. Our staff, operations and vehicles were not impacted by the storm by the Grace of God, mother nature spared us, but our neighbors through various cities and counties were impacted severely. We have spent a lot of time rearranging patient’s schedules and moving patients out of harm’s way through facility transfers. Our prayers go out to the families affected. We are here to support the many patients we transport to hospitals and nursing homes and care facilities daily. We salute our first responders for all of the challenges they have faced in their many rescue efforts. We thank Texas Governor Greg Abbott and President Trump for moving quickly to declare a state of emergency and declaration of national disaster, so the great people of the State of Texas can get the Federal assistance needed to rebuild. In the coming months the families affected in Texas will need the help and support of many to rebuild their lives. We are moved with overwhelming compassion by some many neighboring volunteers coming to aid those in need. We are here with you, strong, resilient and we will get through this together! Please support the Red Cross and all the charitable causes that provide disaster relief because the citizens of Texas need your support.

We have experienced some challenges in our lengthy audit process with our auditors MaloneBailey, LLP not to our satisfaction. We have been promised final audit numbers on several occasions and they have missed the deadline every time. We hired a third party CPA firm to work with the audit firm to reconcile items that existed on the public companies books prior to our acquisition back in 2011 financials, which are the items that have caused the delay in our auditors issuing their audit opinion. We are determined to have this audit completed and released in September. We will then move to become OTC PINK current reporting. We will report unaudited financials for the remaining periods.

We apologize to our shareholders for not managing expectations appropriately, this was unintentional and beyond managements control.

We are experiencing significant growth through acquiring new clients since our acquisition of United Ambulance as a wholly owned subsidiary. We are adding new nursing home facilities to service and adding new vehicles to accommodate the growth. We expect to show significant financial growth over the next quarter.

We have hired a third party marketing firm to provide greater visibility and support our growth efforts. Expect to see a lot more social media presence, targeted audience advertising and SEO support to bring greater awareness to the company. We have signed a six month contract to support these efforts.

We have signed new contracts with nursing home facilities and have already increased revenue by 9% compared to the same period last year with Gross Profits YTD $878,000. We have already beat guidance of our projected revenue for 2017 in our business plan. We expect to achieve year end profits between $1.3-1.4 Mil based upon current sales and growth, which will beat historic revenue of $1.2 Mil annually. We have just secured $3,000,000 receivables based financing to provide immediate working capital to support growth.

We are not planning a reverse split, although we reserve the right to do so, that is not part of our plans. We have terminated our previous 3(a)10 agreement with Northbridge, severing our relationship with that group. We believe they have liquidated their positions. We are actively working with a different institutional investor to provide equity capital to restructure our debt. We are still vetting other strategic acquisition opportunities for growth. We hope to make this company great and build shareholder value in the process.

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 a 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.

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