EMS Find Inc (OTCMKTS:EMSF) announced that it has acquired the services of a New York based law firm to file a provisional patent for its on-demand medical transport mobile application. The filing is expected to be made soon with the US Patent and Trademark Office. The platform is uniquely designed to connect healthcare providers and patients via a mobile app to a transport provider. However, for the time being EMSF has been moving up the charts, following a series of positive news from the company.
EMSF hit the market by storm when it announced that it had partnered with Light Collar for a distribution agreement for its mobile app. The application itself is, however, not ready as yet, but is planned to be launched soon on various internet enabled devices. Using the application, patients can efficiently and quickly book on-demand medical transport for their needs. CEO of EMSF, Steve Rubakh, stated that the on-demand medical transportation industry is a fast growing one. He also revealed that the company is working on building an IP within the industry, which would add more value to the product.
With the new patent, EMSF would gain exclusive rights to exploit this industry all alone. Yesterday’s trading saw EMSF rise significantly in the stock market, crossing the $2 mark by a significant margin. The company now has a market cap of over $60 million. EMSF was formed after a merger between two companies. EMS Factory Inc. has yet to declare its financials for the merger, but the picture from Light Collar is not very promising. Light Collar has no assets, no revenues and a net loss of $11,000, as per its 8K filing for the merger. However, seeing how well EMSF has been doing for itself, within a span of just a few months, it would not be a surprise to see the company continue its rise after EMS Factory files its 8K.
EMS Find Inc (OTCMKTS:EMSF) continued its rise during the June 11 session. The stock traded 28.25 million shares during the session to register a rise of 10.38%. The stock closed at $2.34.