TELEHEALTHCARE, INC. (OTCMKTS:TLLT) Files An 8-K Termination of a Material Definitive Agreement
Item1.02Termination of a Material Definitive
Agreement.
On May 2, 2017, TeleHealthCare, Inc. (the Company) was notified
by Mediprocity, developer of the Companys CarePanda App, of their
intent to cancel their White Label Agreement with the Company. At
this time the Company is looking to license or partner with a new
company to continue to manage our existing customers. It is
unknown at this time how long this will take or whether the
Company will be able to do so. The cancellation of the
Mediprocity Agreement has a material adverse impact on the
Companys ability to sell the CarePanda app until a new app can be
developed or licensed.
On May 4, 2017, the Company was notified by Re-Habit LLC,
exclusive reseller of Companys CarePanda App for the Drug and
Detox markets, of its termination their Reseller Agreement. At
this time the Company is looking for a new partner to resell
Companys CarePanda App, but that will be dependent on finding a
new mobile app developer and/or mobile app company to work with.
Item 5.02Departure of Director.
On May 7, 2017, James Donahue resigned as a member of the
Companys Board of Directors and Chief Financial Officer (CFO).
Mr. Donahues resignation was not a result of any disagreement
with the Company.
About TELEHEALTHCARE, INC. (OTCMKTS:TLLT)
TeleHealthCare, Inc. develops telehealth platforms in the telehealth industry. The Company offers a platform called CarePanda. CarePanda is an online software that helps people, family members and caregivers in managing, sharing and controlling their own, their family’s or their customers’ healthcare information. CarePanda links people and healthcare information together at the point of care and works on multiple platforms, including Internet-enabled devices and mobile phones. CarePanda focuses on tools that help people manage their lives and care for others, including contact lists, medication lists, home inventory, emergency planning, medical bill management and various other features. CarePanda helps the management of people’s information and the ability to track and manage healthcare through changes in healthcare regulations, socio-demographics of an aging population, growing shortage of healthcare workers and impact of Obama Care. TELEHEALTHCARE, INC. (OTCMKTS:TLLT) Recent Trading Information
TELEHEALTHCARE, INC. (OTCMKTS:TLLT) closed its last trading session down -0.056 at 0.384 with shares trading hands.
