DENVER, CO - (NewMediaWire) - June 18, 2024 - Ubiquitech Software Corp. (OTC: UBQU) announces that it has recently reached a settlement and restructuring agreement whereby approximately an additional $220,000 of convertible debt has been eliminated. As part of this transaction, $220,000 of legacy convertible debt was acquired by MJW Capital Funding LLC and simultaneously exchanged for a new $50,000 note, eliminating approximately $175,000 of existing debt. This brings total convertible debt elimination over the past eighteen months to almost $2,000,000.

When asked to comment on this investment, Michael Walsh of MJW Capital Funding stated, “When this situation was brought to my attention, I immediately began my research on Innovative Outcomes and its president, Kevin Lamb. It is rare to discover a person with his background and experience at the helm of a small public company. Kevin has previously started, grown, and sold a similar company, Advanced Tissue, indicating to me that he has the ingredients and skill set needed to successfully grow and manage this company.”

Kevin Lamb, CEO of Ubiquitech Software Corp. subsidiary, Innovative Outcomes, stated: “This is another significant positive for the company. This transaction not only improves the balance sheet by eliminating approximately $200,000 of convertible debt, but it also extends the term of a portion of the debt and reduces the interest rate on that portion, which is marginally higher than most recent US Treasury rates. I am excited that a sophisticated investor, MJW Capital Funding LLC, after undertaking substantial due diligence, has decided to become a partner in our future.”

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About Ubiquitech Software Corp./ Innovative Outcomes Inc.

Ubiquitech Software Corp., through its subsidiary Innovative Outcomes, is one of the fastest growing healthcare logistics companies serving medical providers and their patients across the United States. Patients First is more than a catchy phrase - it's our culture. Our mission is simple: provide ethics-based, compassion-focused assistance to medical providers and their patients. Our iPak unit dose packaging system makes wound care simple and intuitive for all patients. As a leader in healthcare technology and logistics, we take the worry out of healing.

About Michael J. Walsh and MJW Capital Funding LLC

Michael J. Walsh received his MBA from the University of Maryland Smith School of Business and began his investment career with Merrell Lynch in 1978. Mr. Walsh, formerly a member of the Washington Society of Securities Analysts, has held multiple senior level positions over a thirty-year career culmination as Vice President and member of the stock selection committee of Shafer Cullen Investment Management. Over the past decade Mr. Walsh has managed his private investment firm, MJW Capital Funding, making diverse investments such as a distributorship representing brands such as Monster Energy, Fiji Water, and Welch’s juices.

Safe Harbor

Safe Harbor Provision Cautionary Statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties, and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the execution and performance of contracts by the Company and its customers, suppliers, and partners. Please also review Ubiquitech Software Corporation, Inc. annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.

Contact / Investor relations

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