The Aggregation has Also Reduced Operating Costs by Subleasing Appointment Amplitude at a Cogent Reduction in Expenses
MILTON, GA, Oct. 22, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Attis Industries Inc. (NASDAQ: ATIS) (the “Company” or “Attis”), a adapted addition and technology captivation company emphasizing renewable fuels, bio-based plastics, healthcare and architecture a communications infrastructure, appear today that it has accustomed the Medicare authorization for its toxicology class in Tulsa, Oklahoma.
The laboratory, which accustomed its CLIA authorization in August, is committed to active samples reimbursed by Medicare and alone accompaniment Medicaid programs alone (“federal lab”). Now that Attis has accustomed its CMS license, which provides Medicare advantage for all states, Attis will activate demography samples and announcement beneath its new Medicare cardinal while at the aforementioned time activate applying for Medicaid advantage for the states of Oklahoma, Arkansas, Kansas, Missouri, Texas, Colorado and New Mexico.
“As the civic opioid crisis persists and the appeal for toxicology testing continues to grow, Attis Healthcare’s civic toxicology lab is positioned to aid clinicians in addiction assay and the ecology of controlled substances that allows them to finer amusement patients with circuitous medication needs,” stated, Jeff Cosman, Chief Executive Officer of Attis Industries. “Securing our Medicare authorization was a analytical basic as we access up the aggregate of samples active through our lab.” Deep bazaar assay has led Attis Healthcare to architecture and body its accepted lab basement to handle samples that would aftermath acquirement of $10-$12 actor and margins amid 20-25%. “With added lab and basement body out and a concentrated accomplishment by our apprenticed sales force, I accept we can bifold our accepted acquirement in the aing 12 to 18 months. Our assignment over the above-mentioned months to position Attis for cogent acquirement advance in the Healthcare analysis is alpha to pay off. Rob Dunn, the Healthcare analysis President, has a able accomplishments arch teams in sales organizations, including in a Fortune 500 alignment that had added than $2.6 Billion in anniversary acquirement and added than 1,500 employees. The assignment that Rob and his aggregation are accomplishing is aloof alpha to blemish the apparent of what we can achieve in Healthcare,” connected Cosman.
Additionally, on October 18, Attis entered into an acceding with a addressee to appoint the appointment amplitude of Attis’ above accumulated appointment through the end of the charter aeon (February 2021). This will save the Aggregation over $300,000 in operating costs per year. “The Company’s connected focus on operating conduct and convalescent its antithesis area over the above-mentioned months continues to pay off, which will accept a absolute annual to our shareholders in the months and years to come,” declared Cosman.
Attis Industries Inc. Attis Industries Inc. (NASDAQ: ATIS) is a captivation aggregation focused on developing and architecture businesses that comedy important roles in the new economy. We strive to animate our advisers to be entrepreneurs focused on addition and technology. We will abide dynamic, assiduous and motivated to our mission of winning. The advance of our aggregation will await on our candor and our eyes for the future. Attis Industries will abide to accomplish capital needs in healthcare, activity adeptness and agenda communications. Today, anniversary of these sectors accommodate aerial advance opportunities that collectively annual for added than a third of our nations GDP. For added information, visit: www.attisind.com.
Forward-Looking StatementsAny statements independent in this columnist absolution that do not call absolute facts may aggregate advanced statements as that appellation is authentic in the Private Securities Litigation Reform Act of 1995. You can analyze advanced statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “would” or agnate words. You should accede these statements anxiously because they altercate our plans, targets, strategies, affairs and expectations apropos our business, operating results, banking action and added agnate matters. These statements are accountable to assertive risks, uncertainties, and assumptions, including, but not bound to, risks and uncertainties apropos to the Company’s adeptness to develop, bazaar and advertise articles based on its technology; the accepted allowances and adeptness of the Company’s articles and technology; the availability of abundant added allotment for the Aggregation to abide its operations and to conduct analysis and development, analytic studies and approaching artefact commercialization; and, the Company’s business, research, artefact development, authoritative approval, business and administration affairs and strategies; the adeptness of the Aggregation to abide to accommodated the advertisement requirements of NASDAQ; the adeptness of the Aggregation to assassinate on a business plan that permits the technologies and innovations businesses to accommodate acceptable growth, revenue, clamminess and banknote flows for comestible the Company’s go-forward business, and the risks articular and discussed beneath the explanation “Risk Factors” in the Attis Anniversary Report on Form 10-K for the budgetary year concluded December 31, 2017, filed with the Securities and Exchange Commission (the “SEC”) on April 16, 2018 and the added abstracts Attis files with the SEC from time to time. There will be contest in the future, however, that Attis is not able to adumbrate accurately or control. Attis’s absolute after-effects may alter materially from the expectations that Attis describes in its advanced statements. Factors or contest that could account Attis’s absolute after-effects to materially alter may appear from time to time, and it is not accessible for Attis to accurately adumbrate all of them. Any advanced account fabricated by Attis in this columnist absolution speaks alone as of the date on which Attis makes it. Attis undertakes no obligation to amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law.
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