8-K
QHSLab, Inc. (USAQ)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): May 9, 2022
QHSLab,Inc.
(Exact Name of Registrant as Specified in its Charter)
0-19041
(Commission File No.)
| Nevada | 30-1104301 |
|---|---|
| (State<br><br> <br>of<br> Incorporation) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
| 901<br> Northpoint Parkway Suite 302 West Palm Beach<br><br> <br>FL<br> 33407 | 33407 |
| (Address<br> of Principal Executive Offices) | (ZIP<br> Code) |
Registrant’s telephone number, including area code: (929) 379-6503
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) |
Securitiesregistered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Nameof each exchange on which registered |
|---|---|---|
| Common Stock, $0.0001 par value | USAQ | N/A |
Item7.01 Regulation FD Disclosure.
On May 9, 2022, the Company issued a press release announcing an update to its corporate presentation. The full text of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Current Report on Form 8-K (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the Report that is required to be disclosed solely by Regulation FD.
We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.
By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue to use, its website (https://usaqcorp.com), press releases, and various social media channels, including its Twitter account (https://twitter.com/USAQcorp), its LinkedIn account (https://www.linkedin.com/company/usaqcorp) its Facebook account (https://www.facebook.com/USA-Equities-100113722270622), and its Instagram account (https://www.instagram.com/usaqcorp/) as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases and on the social media channels identified above, as such information could be deemed to be material information.
Item9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
| Exhibit<br><br> <br>No. | Description |
|---|---|
| 99.1 | Press Release dated May 9, 2022, QHSLab, Inc. (USAQ) Issues Update and Investor Presentation May 2022 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this current report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date:<br> May 9, 2022 | |
|---|---|
| QHSLab,<br> Inc. | |
| /s/ Troy Grogan | |
| Name: | Troy<br> Grogan |
| Title: | CEO<br> and Chairman |
Exhibit99.1
QHSLab.Issues Update and Investor Presentation May 2022
| ● | Superior<br> Business Model and Strategic Position Validated By Repeat Ordering Client Base and New Developments to Product Portfolio |
|---|---|
| ● | Addressable<br> Market Opportunity Includes Over 250,000 Independent Primary Care Physicians |
| ● | Favorably<br> Aligned with Industry Drivers Including Increasing Acceptance of Digital Health, Point of Care and Virtual Care Services by Third<br> Party Payers |
| ● | Focused on Continuing Strategic Acquisition Plan To<br> Leverage Across Expanding Distribution Network and Customer Footprint |
WESTPALM BEACH, FL – (May 9, 2022) (GLOBE NEWSWIRE) – QHSLab, Inc. (OTCQB: USAQ) a company focused on providing clinicians with tools to leverage proactive, value-based healthcare solutions through emerging digital health and point of care technologies, announces an update to the Company’s corporate presentation highlighting the Company’s 2021 achievements and future plans underway.
QHSLab, Inc. is a medical device technology company focused on enabling primary care physicians (PCPs) to increase their revenues by providing value-based tools to evaluate and treat chronic disease through reimbursable procedures.
“We founded QHSLab off the backs of two cornerstone acquisitions. As a result, we grew revenues in our first full year to over $1.4M in repeat physician customer sales. We are continuing to assess future strategic acquisitions of a similar nature that 1) add additional products and technologies complementary to our existing portfolio, 2) grow our physician client distribution base, and 3) generate higher revenues” stated QHSLab Chief Executive Officer Troy Grogan.
“As previously stated in our corporate materials, our market opportunity is comprised of over 250,000 independent U.S. primary care physicians, we’re currently generating $10,000 per physician practice per year and expect this metric to grow throughout 2022. It is estimated that over 70 percent of these physicians’ patients could benefit from the Company’s current portfolio of point-of-care and digital health products. From an industry perspective, the COVID-19 pandemic has heightened the need for and acceptance of digital healthcare, a trend our business model is strongly aligned with,” continued Grogan.
The following are some of the items discussed in the investor presentation update, which can be accessed by going to the Company’s website at https://www.usaqcorp.com/presentations:
| ● | Key<br> company milestones highlighting significant financial and strategic progress over the past fiscal year |
|---|---|
| ● | Detailed<br> discussion of the proprietary AllergiEnd® and AllergiQT™ product line, including<br> FDA-cleared diagnostic equipment and products allowing primary care providers to diagnose and treat many common chronic allergies<br> in their offices |
| ● | Highlights<br> of QHSLab cloud-based software and IT system, a clinical decision support system currently addressing allergies and asthma, mental<br> health, obstructive sleep apnea, and medical nutrition therapy |
| ● | Profiles<br> of QHSLab’s management and medical advisory team, which has a synergistic mix of industry experience, including comprehensive<br> medical device, software and business development backgrounds |
| ● | Continuing<br> plan of strategic acquisitions, adding to our valuable product portfolio, and leveraging our growing client base of independent physician<br> practices |
For more information, please visit www.usaqcorp.com.
AboutQHSLab, Inc.
QHSLab, Inc. (OTCQB: USAQ) is a medical device company providing digital healthcare solutions and point-of-care-diagnostic tests to primary care physicians. Digital healthcare allows doctors to assess their patients’ responses quickly and effectively using advanced artificial intelligence algorithms. Digital healthcare can also remotely monitor patients’ vital signs and evaluate the effects of prescribed medicines and treatments on patients’ health through real-time data transferred from patient to doctor. QHSLab, Inc. also markets and sells point-of-care, rapid-response diagnostic tests used in the primary care practice. QHSLab, Inc.’s products and services are designed to help physicians improve patient monitoring and medical care while also improving the revenues of their practice.
Forward-LookingStatements
Certain matters discussed in this press release are ‘forward-looking statements’ intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company’s statements regarding trends in the marketplace, future revenues, future products, and potential future results and acquisitions are examples of such forward-looking statements. Forward-looking statements are generally identified by words such as ‘may,’ ‘could,’ ‘believes,’ ‘estimates,’ ‘targets,’ ‘expects,’ or ‘intends,’ and other similar words that express risks and uncertainties. These statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of the introduction of new products, the inherent discrepancy in actual results from estimates, projections, and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company’s control. The factors discussed herein and expressed from time to time in the Company’s filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
InvestorRelations Contact:
OliviaGiamanco
QHSLab,Inc.
(929)379-6503
ir@usaqcorp.com
https://twitter.com/USAQcorp