Conversational Analytics Gets Voice, Video, and Collaboration via a Joint Offering From Drastin and Moxtra

Submit the press release

SUNNYVALE, Calif., Nov. 10, 2016 /PRNewswire/ — Drastin Inc., an emerging leader in natural language-driven search technology, announces its partnership with Moxtra, a leader in embeddable collaboration with specialization in mobile, voice, video, and chat communication, for creating a highly-unique customer experience for Drastin’s conversational analytic solution.

Photo –

This solution helps enterprises increase their customer engagements by offering a powerful feature set to their field agents, as well as end customers. Along with the natural language data search capability, users also gain the ability to interact and collaborate with necessary parties from within a single mobile application.

This solution benefits different industries such as, banking, insurance, and health-care, which aim to empower business users as well as end customers through the power of natural language search.

Drastin offers search-driven data analysis and exploration with the convenience of a “Google-like” search box. Using simple English questions, any user can converse with data, perform ad hoc exploration and achieve moments of clarity to expedite better decision-making. With the addition of Moxtra’s rich communication features, users can seamlessly collaborate with their data and with other users, as well as get in-app access to messaging, document sharing with annotations and voice recording, as well as real-time meetings with screen sharing, audio conferencing, and video chat.

“We are delighted that Moxtra is partnering with Drastin by adding real-time chat, voice, and video collaboration to Drastin’s conversational analytics and relational search,” says Ramesh Panuganty, Drastin’s CEO and Co-Founder. “By focusing on the mobile market, Drastin and Moxtra are targeting the high-powered executives, road warriors, and mobile workers.”

“Partnership with Drastin means that we are able to extend the power of mobile collaboration into the ecosystem of Natural Language Search, in which Drastin is already a growing leader,” says Satish Shenoy, Moxtra’s VP of Worldwide Channel Sales. “The ease of use and integration of Drastin’s offering, combined with the power of Moxtra’s collaboration suite, has created an industry leading, highly differentiated solution, spearheaded by the excellent team at Drastin.”

The solution is available for deployment as a SaaS offering in the cloud, or behind the firewall. Enterprise data is not duplicated and no hardware is required. It works on a variety of data sources including cloud data sources, customer data sources and Hadoop.

The application is currently available for trials. For more information and trial access, please contact Drastin.

About Drastin:

Drastin Inc., a Silicon Valley venture backed start-up, is at the forefront of reinventing how non-technical users gain critical business insights from massive amounts of data. Our users ask real-world questions in simple English to get immediate business intelligence that prompts even deeper questions and further insight. Drastin brings the moment of clarity for you and your data.

For more information, please visit us at, connect with us on LinkedIn, and follow us @drastininc.

About Moxtra:

Moxtra is the Collaboration API. Moxtra provides an embeddable mobile-first collaboration platform that enables apps to instantly power their software with collaboration features. The Moxtra SDKs and APIs allow any mobile or web application on any device to integrate Moxtra’s collaboration capabilities to seamlessly bring Power Messaging™, file sharing, annotations, web conferencing and video chat into the heart of an application to connect its users and its content without having to leave the app.

For more information, please visit, connect with us on LinkedIn, and follow us @moxtrahq.

Related Links

Drastin Technology

This content was issued through the press release distribution service at For more info visit:

San Luis Obispo becomes the first city in the nation to launch a line-free grocery store

Submit the press release

SAN LUIS OBISPO, Calif., Nov. 10, 2016 /PRNewswire/ — New grocery store California Fresh Market opened November 9th, replacing the old Albertsons/Haggen store on 767 Foothill Boulevard. The store features a special technology: Shoppers who download the California Fresh Market app get to skip checkout lines using their phones.

Here’s how it works. Shoppers download the California Fresh Market app on their Android or iPhone. The app lets shoppers scan items’ barcodes to add them to their purchase, and works for produce as well. Shoppers can keep track of their running total while they browse and see specials and other information. When it’s time to checkout instead of getting in line shoppers scan a QR code at the front of the store. Payment happens on the phone via credit card or ApplePay and they’re good to go. (Of course, purchasing alcohol still requires an ID check, and the store checks a certain percentage of purchases to ensure accuracy.)

The technology is provided by mobile developer FutureProof Retail. While similar mobile self scanning technology has appeared in various tests and forms elsewhere, San Luis Obispo’s California Fresh Market will be the first store in the world to incorporate such technology from opening day, offering San Luis Obispans the ability to skip the line and checkout on their phones.

“I have been on a 20 year quest to have in-store shopping,” Co-owner Alfred Holzheu said, “and FutureProof has finally done it!”

About California Fresh Market:  California Fresh Market has an impeccable reputation for providing quality local products and representing independent grocers as one of the the most innovative leaders in the industry. California Fresh Market is owned by Alfred Holzheu, Greg King, and Sean Walwick. California Fresh Market operates three California stores, CFM in Solvang and San Luis Obispo, and El Rancho Market in Pismo. They are part of the Independent Grocer Association.

About FutureProof Retail: Established and based in New York, NY, FPR is comprised of award-winning software engineers and business developers. FutureProof Retail was founded by a group of impatient shoppers, and brings a unique focus to ease of use in mobile self scanning systems. The FPR-team’s expertise in past endeavors has earned significant accolades in the AppStore and across a variety of industries. For more information, please visit

Photo –

Visiting Nurses Association of Boston RNs to Leaflet Annual Gala at Mandarin Oriental Hotel in Boston Saturday, Nov. 12 with Safe Staffing Message

Submit the press release

BOSTON, Nov. 10, 2016 /PRNewswire-USNewswire/ — Front-line nurses with the Visiting Nurses Association of Boston (VNAB) plan to protest contract changes proposed by VNAB that nurses believe would negatively impact patient care. The nurses, represented by the Massachusetts Nurses Association (MNA), will leaflet the public and guests of an annual fundraiser on Saturday, Nov. 12.

What: 11th Annual Heroes in Health Care Gala, hosted by the Visiting Nurses Association of Boston, also marking 130 years of the VNAB serving Boston-area residents

When: Saturday, Nov. 12 at 6 p.m. (nurse leafletting to happen between 5:15 p.m. and 6 p.m.)

Where: Mandarin Oriental, 776 Boylston St., Boston MA.

During ongoing contract negotiations, the VNAB has proposed severe restrictions on how visiting nurses are able to manage patient care. These changes would result in patients having significantly less time with nurses and jeopardize safe patient care. Nurses have responded with contract language that would ensure nurses can provide a safe level of care, but the VNAB has refused to budge from its harmful proposal.

“Nurses are, in many cases, already struggling to find adequate time to care for our existing patients because of our unrealistic caseloads, and now the association wants to make it even more difficult to provide safe and effective patient care,” said Fran Kenney, Chair of the MNA VNAB Bargaining Committee. “By severely cutting down on how long nurses are given for tasks like admissions and re-visits, the association would jeopardize the care of vulnerable patients that visiting nurses serve throughout the Greater Boston area.”

The VNAB also wants to slash nurses’ retirement benefits, cutting a nine percent pension contribution to three percent. This would cost most nurses between $3,000 and $7,000 every year for the rest of their careers at VNAB.

“Management’s proposals are unsustainable for patients and nurses,” Kenney said. “Our 130-year tradition of excellence in patient care is under attack and nurses will not stand for it.”

Established in 1886, VNA of Boston is the oldest organized VNA in the country. The MNA nurses of VNAB have been negotiating a new contract since December 2015. There have been 16 negotiating sessions, including the last five with a federal mediator.

The MNA represents 65 registered nurses at the VNAB.  These nurses serve thousands of patients in the Boston area and in all city neighborhoods. VNAB MNA nurses provide all types of complex nursing care to all types of patients. Their patients suffer from a wide range of medical conditions and are often recovering from serious surgical procedures. 

VNAB MNA nurses administer chemotherapy and other complex medications for those suffering from cancer, tuberculosis, HIV/AIDs and other conditions. Nurses provide wound care for patients who have undergone surgery and teach patients with chronic conditions how to manage their illness. 

“Having enough time with our patients is the most crucial part of our nursing care,” Kenney said. “Nurses need adequate time to both provide treatment and teach patients and their families how to manage their conditions.”

Founded in 1903, the Massachusetts Nurses Association is the largest union of registered nurses in the Commonwealth of Massachusetts. Its 23,000 members advance the nursing profession by fostering high standards of nursing practice, promoting the economic and general welfare of nurses in the workplace, projecting a positive and realistic view of nursing, and by lobbying the Legislature and regulatory agencies on health care issues affecting nurses and the public.

Logo –

The Conference Board Leading Economic Index® (LEI) for Korea Remained Unchanged

Submit the press release

NEW YORK, Nov. 10, 2016 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for Korea remained unchanged in September at 111.3 (2010=100).

The Conference Board Coincident Economic Index® (CEI) for Korea decreased 0.5 percent in September to 109.5 (2010=100).

The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The updated data tables can be found here.

The 2016 data release schedule is available here.

For more information about The Conference Board global business cycle indicators, click here

About The Conference Board

The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

Functional Flours Market Worth 78.00 Billion USD by 2022

Submit the press release

PUNE, India, November 10, 2016 /PRNewswire/ —

The report Functional Flours Market by Type (Pre-cooked Flour, Specialty Flour), Application (Bakery, Soups & Sauces, R.T.E Products), Source (Cereals and Legumes), and Region (North America, Europe, Asia-Pacific, Rest of the World) – Global Forecast to 2022″, The market is projected to reach USD 78.00 Billion by 2022, growing at a CAGR of 7.82% from 2016, in terms of value, and 156.92 MT in terms of volume by 2022.

     (Logo: )

Browse 74 market data Tables and 51 Figures spread through 138 Pages and in-depth TOC on Functional Flours Market

Early buyers will receive 10% customization on this report. 

The Functional Flours Market is driven by the rise in consumption of processed and packaged food products in developed and developing countries. The increase in demand for premium food products, growth in consumption of convenience and healthy food products, and intensification of the global trade of functional flours are the factors driving the demand for functional flours.

Legume segment is growing at the highest CAGR in the Functional Flours Market 

On the basis of source, the Functional Flours Market is segmented into cereal and legume. The legume-based flours have different content levels of starch and protein to meet a variety of food manufacturers needs in different applications. These flours enable food manufacturers and retailers to produce new food products that are highly nutritious, protein-fortified, have a low-glycaemic-index, and are gluten-free.

R.T.E products: The most widely used application of the Functional Flours Market 

In 2015, the R.T.E products segment accounted for the largest share in the Functional Flours Market in terms of value and volume, and is projected to grow at a competitive CAGR from 2016 to 2022. R.T.E products such as breakfast cereals, snacks, pasta products, ready-to-eat meals, and nutritional bars have gained importance in the global Functional Flours Market. Busy lifestyles of the working population demand on-the-go food in order to save time, which is expected to drive the demand.

Make an Inquiry:

Asia-Pacific is projected to be the fastest-growing region in the Functional Flours Market 

Asia-Pacific is projected to be the fastest-growing market for functional flours, owing to its increasing economy with a large population base ready to spend on processed food and rapidly growing consumer markets of China, India, and Japan.

In this region, advancements in the food processing and food service industry have resulted in new opportunities for functional flours. The rise in middle-class population of the region, with high disposable incomes, demand for healthy and nutritious food products with new and improved organoleptic properties, raise the need for the growth of the Functional Flours Market.

This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Associated British Foods plc (U.K), and General Mills, Inc. (U.S.). Other players include The Scoular Company (U.S.), AGRANA Beteiligungs-AG (Austria), The Hain Celestial Group, Inc. (U.S.), SunOpta, Inc. (Canada), and Parrish and Heimbecker, Limited (Canada).

Browse related reports: 

Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Dividers, Sheeters & Molders), Application (Bread, Cookies & Biscuits, Cakes & Pastries, Pizza Crusts), and by Region (North America, Europe, Asia-Pacific, RoW) – Forecast to 2020

Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Multigrain), Form (Laminated, Tridimensional, Die-face, Gelatinized), Equipment (Twin Screw Extruder, Single Screw Extruder), & by Region – Global Forecasts to 2020

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Food and Beverage Domain @

Mr. Rohan
701 Pike Street
Suite 2175, Seattle
WA 98101, United States
Tel: 1-888-600-6441

Visit MarketsandMarkets Blog@

Connect with us on LinkedIn @

SOURCE MarketsandMarkets

FDA CONSUMER HEALTH INFORMATION — Cochlear Implants: A Different Kind of 'Hearing'

Submit the press release

SILVER SPRING, Md., Nov. 10, 2016 /PRNewswire-USNewswire/ — Your elderly uncle is hard of hearing and has a difficult time understanding conversation—so much so that he’s feeling frustrated and left out. His hearing aids aren’t helping much.

Your one-year-old daughter was diagnosed with severe hearing loss in both ears, and you’re worried about her ability to learn and understand speech. How will she learn to communicate?

For both of these cases, a cochlear implant may be an option.

What are cochlear implants? Who uses them and why? And how does the U.S. Food and Drug Administration (FDA) play a role?

The cochlea is the part of the inner ear that contains the endings of the nerve which carries sound to the brain. A cochlear implant is a small, electronic device that when surgically placed under the skin, stimulates the nerve endings in the cochlea to provide a sense of sound to a person who is profoundly deaf or severely hard of hearing.

“A severe to profound hearing loss in both ears prevents a person from understanding speech and communicating in everyday conversations. Cochlear implants can increase hearing and communication abilities for people who don’t receive enough benefit from traditional hearing aids,” says Srinivas Nandkumar, Ph.D., chief of the Ear, Nose and Throat  (ENT) Devices Branch at FDA.

How Does It Work?

A cochlear implant consists of an external part that sits behind the ear and an internal part that is surgically placed under the skin.  Usually, a magnet holds the external system in place next to the implanted internal system. The FDA has approved cochlear implants for use by individuals aged one year and older.

Here’s how it works:

  • A surgeon places the cochlear implant under the skin next to the ear.
  • The cochlear implant receives sound from the outside environment, processes it, and sends small electric currents near the auditory nerve.
  • These electric currents activate the nerve, which then sends a signal to the brain.
  • The brain learns to recognize this signal and the wearer experiences this as “hearing.”  

“A cochlear implant is quite different from a typical hearing aid, which simply amplifies sound,” says Nandkumar. “Using one is not just a matter of turning up the volume; the nerves are being electrically stimulated to send signals and the brain translates and does the rest of the work.”  Moreover, cochlear implant wearers need to undergo intensive speech therapy to understand how to process what they are hearing.

Cochlear implants don’t restore normal hearing, says Nandkumar. But depending on the individual, they can help the wearer recognize words and better understand speech, including when using a telephone.

Does Age Matter?

According to the National Institute on Deafness and other Communication Disorders (NIDCD) at the National Institutes of Health (NIH), for young children who are deaf or severely hard-of-hearing, using a cochlear implant while they are young exposes them to sounds during an optimal period to develop speech and language skills. Several research studies have shown that when these children receive a cochlear implant at a relatively young age (for example, at 18 months) followed by intensive therapy, they tend to hear and speak better than those who receive implants at an older age.    

But adults and older children who have acquired severe to profound hearing loss after they have acquired speech can also do very well with an implant, partly because they are post-lingual (that is, already have learned to speak a language). “At that point, a person has to get used to the fact that what he hears sounds differently and more ‘machine-like’ than it did when he had more hearing,” Nandkumar says. “Whereas someone who was profoundly deaf at birth will adapt at a very early age to a cochlear implant and the way in which it processes sound.”  

Conversely, people who are deaf since birth and have not gotten implants until they are a bit older (for example, 8 years of age) may not derive as much benefit from cochlear implants.

FDA Regulation of Cochlear Implants

Before manufacturers can bring a new cochlear implant to market, they must submit studies and data to FDA scientists, who will review the information for safety and effectiveness. Cochlear implants are designated as Class III devices, meaning they receive the highest level of regulatory scrutiny. This is because they are surgically implanted near the brain, which increases health risk. Other risks, while minimal, include injury to the facial nerve, meningitis , perilymph fluid leak (fluid from the inner ear leaks through the hole created to place the implant), and dizziness or vertigo.

The Future of Cochlear Implants

Scientists continue to look for ways to improve cochlear implants and how they function once implanted. For example:

  • Companies are developing more sophisticated strategies that help to minimize background noise and increase the noise-to-sound ratio, helping the user to better focus and understand speech.
  • Hearing science researchers also are looking at the potential benefits of pairing a cochlear implant in one ear with either another cochlear implant or a hearing aid in the other ear.

“A cochlear implant won’t restore hearing the way that eyeglasses can fully restore vision,” Nandkumar says. “But companies are developing increasingly sophisticated processing strategies that can reduce background noise and increase the signal-to- noise ratio, in an effort to improve the quality of speech the wearer hears.”

This article appears on FDA’s Consumer Updates page, which features the latest on all FDA-regulated products:

Contact: FDA Office of Media Affairs, 301-796-4540,

Logo –

Bottle Rocket Cited As A Strong Performer by Independent Research Firm

Submit the press release

DALLAS, Nov. 10, 2016 /PRNewswire/ — Bottle Rocket, an award-winning mobile design, strategy, and development company as well as a WPP company (NASDAQ: WPPGY), has been rated a Strong Performer in Forrester Research, Inc.’s report, “The Forrester Wave™: B2C Mobile Services Providers, Q4 2016.”

In this report, Forrester researched, analyzed and scored the 13 leading B2C Mobile Service Providers using twenty criteria, including current Fortune 500 client interviews. Bottle Rocket was named a Strong Performer.

Forrester noted that “…larger firms with more comprehensive capabilities at scale came out well overall, but this does not mean they are best for any individual buying decision.” Bottle Rocket was cited as having “a good balance of mobile design, development and QA skills and can offer a complete set of mobile app delivery capabilities.” Forrester also noted, “Bottle Rocket is best suited to clients looking for a mobile app development partner that asks tough questions about form and function, serves app users above all, and employs creative professionals with strong opinions about what makes a mobile app great.”

Bottle Rocket’s founder and CEO, Calvin Carter said, “We believe that Forrester understands that mobile can transform a business if done right. Bottle Rocket does it right. Bottle Rocket is proud of this recognition as we maintain a strong expert studio culture with 100% focus on mobile ideation, design, and development. We are the right partner for brands that are transforming their enterprises using digital and mobile technologies.”

Of note, Bottle Rocket scored a 5 out of 5 on “Referenceable work,” indicating its Fortune 500 clients were highly supportive of the work it has done for them. “This reflects the core values of Bottle Rocket, where every Rocketeer cares deeply about the quality of his or her work,” stated Monte Masters, SVP of Solutions and Delivery. “And we continue to care for the life of the product. Our clients are part of the Bottle Rocket family.”

Download a complimentary copy of the report here:   

About Bottle Rocket:

Bottle Rocket is an award-winning mobile strategy, design, and development company leading top brands like Coca-Cola, Starwood Hotels & Resorts, PetSmart, and Mary Kay through mobile innovation. It focuses on connecting users with information, brands, and entertainment through over 250 (and counting) iPhone, iPad, and Android applications, as well as passionately building experiences for streaming devices, wearables, VR headsets, and connected TV.  Bottle Rocket not only exceeds standards – it sets new ones. For more information about Bottle Rocket’s craft, visit

Dissolve's new exclusive stock footage collections draw from the work of professional cinematographers

Submit the press release

CALGARY, Alberta, Nov. 10, 2016 /PRNewswire/ — Dissolve, the stock footage and photography provider, today announced the launch of three new premium stock footage collections, Dissolve Filmmaker™, Dissolve Auteur™, and Dissolve Elements™. The clips are available now for licensing and use in movie, TV, and commercial projects.

The Dissolve Filmmaker and Auteur collections gather the most aesthetically original and stylish clips from the company’s exclusive contributors. The Elements collection comprises a broad range of must-have clips to fill to set the scene or fill in story gaps.

The collections compile the output of hundreds of contributors into house brands that embody Dissolve’s standards of originality, quality, and relevance, and make the clips easier to search, browse, and review.

“With so much stock footage on the market, it can be hard for video editors to find clips that are not only topical and relevant, but beautifully shot as well,” says George Georgeadis, content manager at Dissolve. “The Auteur and Filmmaker collections represent the cream of the crop stylistically, while the Elements collection is a go-to scene toolkit for our customers’ most frequent editing needs.”

Two years in the making, the collections grew out of Dissolve’s exclusive contributor program, Liftoff. The Liftoff program was designed to attract professional filmmakers, producers, and cinematographers who have never shot stock or who have no time to review and edit their footage into licensable form. Less than 10% of applicants are accepted.

The Dissolve Filmmaker collection gathers clips representing the pinnacle of commercial appeal. Whether shot handheld or with sophisticated rigs, the clips are unified by exceptional cinematography, art direction, and composition. Subjects and scenes are selected with today’s video storyteller in mind, avoiding clichés while addressing relatable and aspirational lifestyle themes. The collection has launched with over 12,000 clips, 90% of which are royalty-free, and is available now at

The Dissolve Auteur collection presents the most personal, creative, and forward-thinking visions of talented cinematic artists, often with distinctive, signature styles in art direction and camera movement. Inspired by the leading edge of feature films, international fashion, and fine art, these clips can add bold visual impact to high-profile projects. The collection has launched with just over 600 clips – in keeping with its highly curated philosophy, it’s more about quality than quantity. The collection is available now at

The Dissolve Elements collection offers a versatile range of essential clips for busy video editors: establishing shots, landscapes and cityscapes, scenes of nature and wildlife, aerials and timelapses. The collection includes 31,000 royalty-free clips. The collection is available now at

About Dissolve

Dissolve licenses stock video clips for use in commercials, television shows, documentaries, and feature films, and licenses stock photography for use in design and creative work. Dissolve’s footage and image collections are handpicked for technical quality, aesthetic style, and cultural relevance. The company’s customers include major ad agencies, Hollywood movie studios and production companies, and Fortune 500 companies. To find out more, visit

First Choice Healthcare Solutions Announces Details for Third Quarter 2016 Conference Call and Webcast

Submit the press release

MELBOURNE, FL–(Marketwired – Nov 10, 2016) –  First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) (“FCHS,” “First Choice” or the “Company”), one of the nation’s only non-physician-owned, publicly traded healthcare services companies focused on the delivery of total musculoskeletal solutions with an emphasis on Orthopaedics, including spine care and treatment, will announce its third quarter 2016 financial results, for the three and nine months ended September 30, 2016, on Tuesday, November 15, 2016 prior to market open.

First Choice will follow this announcement with a conference call and webcast for the investment community on Tuesday, November 15, 2016 beginning at 11:00 AM Eastern Time to discuss the results and recent corporate developments. Chris Romandetti, Chairman, President and CEO of First Choice, and Tim Skeldon, the Company’s CFO, will host the call.

Participants can register and access the conference call by dialing toll-free 866-682-6100. The conference call will also be webcasted, which can be accessed through First Choice’s investor relations website by navigating to and clicking on “Third Quarter 2016 Conference Call and Webcast.” Participants will be required to register to access the call. For those who cannot listen to the live broadcast, a replay will be available shortly after the call on the investor relations page of First Choice’s website, found at

About First Choice Healthcare Solutions, Inc.
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is implementing a defined growth strategy aimed at expanding its network of non-physician-owned medical centers of excellence, which concentrate on treating patients in the following specialties: Orthopaedics, Spine Surgery, Neurology, Interventional Pain Management and related diagnostic and ancillary services in key expansion markets throughout the Southeastern U.S. Serving Florida’s Space Coast, the Company’s flagship integrated platform currently administers over 100,000 patient visits each year and is comprised of First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center. For more information, please visit,, and

Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company’s actual results to differ materially from those contained in these forward-looking statements can be found in the Company’s periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.

Med-Eng Holdings ULC to Acquire Pacific Safety Products Inc. for $0.21 Per Common Share in All-Cash Transaction

Submit the press release

ARNPRIOR, ONTARIO–(Marketwired – Nov. 10, 2016) – Pacific Safety Products Inc. (TSX VENTURE:PSP) (“PSP” or the “Company“) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement“) with Med-Eng Holdings ULC (the “Buyer“), a Canadian wholly owned subsidiary of Safariland, LLC (“Safariland”), under which the Buyer will acquire all of the outstanding common shares of PSP for $0.21 per share in cash.

The purchase price represents a premium of approximately 23.5% to the closing price of PSP’s common shares on the TSX Venture Exchange on November 9, 2016 and a premium of approximately 25.9% to PSP’s volume weighted average share price for the twenty trading days ending November 9, 2016.

The transaction, which will be completed by way of a plan of arrangement (the “Arrangement“) under the Canada Business Corporations Act, is expected to close in December 2016. Completion of the Arrangement is subject to customary closing conditions, including court approval, TSX Venture Exchange approval, as well as the approval of two-thirds of the votes cast on the Arrangement resolution by shareholders present in person or represented by proxy, voting as a single class (with each PSP shareholder being entitled to one vote for each common share held), at an annual and special meeting of shareholders of PSP (the “PSP Meeting“) scheduled to be held on Monday, December 19, 2016 to, among other things, consider and vote upon the Arrangement.

The Board of Directors of PSP, after consultation with its financial and legal advisors, has determined that the Arrangement is fair to the shareholders of PSP and is in the best interest of PSP and accordingly has approved the Arrangement Agreement and the making of a recommendation that shareholders of PSP vote in favour of the Arrangement resolution at the PSP Meeting. Echelon Wealth Partners Inc., financial advisor to the Board of PSP, has provided an opinion to the Board of Directors, based upon and subject to certain assumptions, that the consideration being offered by the Buyer pursuant to the Arrangement is fair, from a financial point of view, to the shareholders of PSP. A copy of Echelon’s opinion will be included in the management information circular to be prepared and mailed in connection with the PSP Meeting.

Shareholders, including the directors and officers of PSP, who in the aggregate beneficially own approximately 21.7% of the outstanding common shares of PSP, have agreed, pursuant to support agreements and subject to certain exceptions, to vote their shares in favour of the Arrangement at the PSP Meeting.

Under the Arrangement, Buyer will also acquire the common shares of PSP issued upon conversion of outstanding convertible debentures in the aggregate principal amount of $749,000, which are convertible at a price of $0.15 per common share. In addition, each stock option of the Company outstanding immediately prior to the effective time of the Arrangement will be cancelled in exchange for a cash payment equal to the amount by which the consideration per common share payable pursuant to the Arrangement exceeds the exercise price of such option. Total cash consideration of approximately $15.4 million will be paid for PSP’s common shares, convertible debentures and stock options.

The Arrangement Agreement includes covenants of PSP typical for a transaction of this nature, including with respect to non-solicitation, a right granted to Buyer to match any superior proposal for PSP and a provision entitling PSP to a “fiduciary-out”. In addition, PSP has agreed to pay a termination fee of $780,000 to Buyer upon the occurrence of certain events, including if PSP pursues a superior proposal, as well as an expense reimbursement fee upon a termination of the Arrangement Agreement in certain circumstances. The Arrangement Agreement is subject to customary termination rights, including termination at either party’s option if the Arrangement has not been completed by February 19, 2017.

In connection with the PSP Meeting, a management information circular of PSP providing details of the Arrangement as well as the rationale for the support of the Arrangement by PSP’s Board of Directors will be prepared and mailed to shareholders over the coming weeks. A copy of the Arrangement Agreement, the management information circular and the support agreements will be available on PSP’s SEDAR profile at

Echelon Wealth Partners Inc. and ZED Financial Partners are acting as financial advisors to the Board of Directors of PSP. Wildeboer Dellelce LLP is acting as counsel to PSP. Blake, Cassels & Graydon LLP is acting as legal counsel to the Buyer.

About PSP: The mission statement of Pacific Safety Products Inc. is …we bring everyday heroes home safely®. PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products for the defence and security market. These products include body armour to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects, tactical clothing, and protective products against chemical and biological hazards. PSP is the largest body armour manufacturer in Canada, directly supplying the Canadian Department of National Defence, Federal Government Agencies and major Canadian law enforcement organizations. The Company, through its U.S. subsidiary GH Armor Systems Inc., provides body armour products under the GH Armor Systems® brand to U.S. based law enforcement and private security firms. The Company also produces tactical clothing. Pacific Safety Products is a reporting issuer in British Columbia, Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX Venture Exchange.

About Safariland and Med-Eng Holdings ULC:

The Safariland Group is a leading global provider of a diverse range of safety and survivability products designed for the public safety, military, professional and outdoor markets. The Safariland Group offers a number of recognized brand names in these markets including Safariland®, Med-Eng®, ABA®, Second Chance®, VIEVU®, Mustang Survival®, Bianchi®, Break Free®, Protech® Tactical, Defense Technology®, Hatch®, Monadnock®, Identicator® and NIK®. The Safariland Group’s mission, “Together, We Save Lives”, is inherent in the lifesaving and protective products it delivers. The Safariland Group is headquartered in Jacksonville, Florida. The Safariland Group is a trade name of Safariland, LLC.

Med-Eng Holdings ULC, a Canadian-based company, is a leading global brand of explosive ordnance disposal equipment and holds 35 years of expertise and market leadership. Med-Eng bomb disposal, tactical and demining suits and helmets are trusted by defense forces, public safety and humanitarian demining agencies in 100 countries. In addition, Med-Eng Holdings ULC offers a full suite of remotely operated vehicles (ROVs, or robots), the HAL® brand of hook and line systems, and a vast array of search specialty tools for EOD/IEDD and military UXO (unexploded ordnance) operations.

Forward-Looking Information: This news release contains certain statements which may constitute “forward-looking information” within the meaning of applicable securities laws. These statements relate to anticipated or assumed events or results and, in some cases, can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms. The forward-looking events and circumstances discussed in this news release, including statements regarding expectations as to whether the Arrangement will be completed, the satisfaction of conditions to the Arrangement and the timing for completing the Arrangement and holding the PSP Meeting, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.