Mr. Finigan stated, “HeadTrainer is a mobile gaming platform that helps athletes of all ages improve their performance through the enhancement of their cognitive skills. The cognitive training market is expected to reach $7.5 billion in annual revenues by 2020 (source: prnewswire.com)
San Clemente, CA (PRWEB)
September 14, 2017
San Clemente, CA based Telehealthcare, Inc. (OTC PINK: TLLT) (Telehealthcare”, or the “Company”), has announced its acquisition of HeadTrainer, Inc. a North Carolina-based technology and cognitive training company for athletes.
Teleheathcare will immediately begin to operate under the HeadTrainer brand name. Bob Finigan will become the Company’s new Chairman and CEO and Derek Cahill has resigned from all positions in the Company, including Director and CEO. In connection with the merger agreement, the Company was restructured from 153,878,000 common shares issued and outstanding, to approximately 93,373,000 common shares issued and outstanding, which includes 52,500,000 common shares issued to the HeadTrainer shareholders pursuant to the agreement and plan of merger with HeadTrainer, Inc.
The HeadTrainer app provides athletes of all ages and skill levels, the ability to potentially improve cognitive skills through sports themed games, providing users with endorsements and tips from world-class athletes. The app has the potential to improve focus and concentration, helps with visual-spatial awareness, improves decision making and problem solving and can decrease the amount of time it takes a person to complete a mental task.
Mr. Finigan stated, “HeadTrainer is a mobile gaming platform that helps athletes of all ages improve their performance through the enhancement of their cognitive skills. The cognitive training market is expected to reach $7.5 billion in annual revenues by 2020 (source: http://www.prnewswire.com/news-releases/cognitive-assessment-and-training-market-worth-75-billion-usd-by-2020-523210281.html). With our sports-themed games, professional athlete endorsers, and our scientific partners, we believe HeadTrainer is well positioned for growth in this expanding marketplace.”
Mr. Cahill stated, “Training, cognitive learning and mobile gaming markets are already well established with proven revenue models. HeadTrainer has…