Hestia Insight Subsidiary Enters Consulting Agreement with Major Advanced Wound Care Company
Las Vegas, NV - (NewMediaWire) - September 21, 2022 - Hestia Insight Inc. (OTCQB: HSTA),an all-encompassing solution for healthcare and biotech companies that are in need of financial and consulting management services, today announced that its wholly owned subsidiary, Hestia Investments Inc., has entered into a strategic consulting agreement with RecentCare Biomedical Inc., a Taiwan corporation, to provide strategic consulting and corporate advisory services including developing sales, marketing and distribution of RecentCare’s products in the U.S. In the advanced wound care sector, RecentCare is developing a transdermal drug delivery system. The Company’s products are patented with proprietary trade secrets.
“RecentCare is an impressive advanced wound care company dedicated to developing high-performance hydrogel dressings to improve wound healing. Their wound dressings are characterized by a high liquid-absorption rate, and are ultra-thin and transparent,” said Edward Lee, Hestia Insight’s CEO and Chairman.
Mr. Lee continued: “Advanced wound care is an over nine billion industry worldwide, growing at more than five percent annually, and soon will be a five billion industry in the U.S.Chronic wounds and the incidence of complicated wounds such as ulceration, surgical wounds and infections are now more prevalent as the U.S. population ages and with the increasing prevalence of diabetes and obesity in the U.S. We look forward to introducing RecentCare’s products to U.S. physicians and consumers and to assisting RecentCare with its corporate positioning in America.”
About Hestia Insight Inc.
Hestia Insight Inc. (“Hestia Insight” and the “Company”) is focused primarily on the healthcare and biotech sectors through the Company’s two wholly owned operating subsidiaries, Hestia Investments Inc. (“Hestia Investments”), and HSTA Health Inc. (“HSTA Health”). Hestia Investments provides strategic consulting, medical supply sales and marketing support, management, and capital markets advisory services for select micro, small and medium sized companies within the healthcare and biotech sectors. HSTA Health operates within the healthy food, beverage and wellness products industry and the smart vending machine industry. The Company is positioned to make strategic acquisitions of emerging growth companies with unique sciences and technologies. The Company intends to pursue the acquisition and development of healthcare related technologies in the healthcare and biotech sectors through acquisition, licensing, or joint ventures. The Company will also consider a third avenue of investing in certain technologies. The Company entered the healthcare sector to explore emerging healthcare technologies, especially growth companies that own and develop unique sciences and technologies.
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This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby.All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company's future financial position, business strategy, plans and objectives, growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors set forth in the Company's Annual Report on Form 10-K for the year ended November 30, 2021 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.
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