During the corresponding time, Wearable Health Solutions, Inc. recorded a revenue increase by 13.25 % year on year, sequentially revenue grew by 15.98 %. While revenue at the Wearable Health Solutions, Inc.'s corporate clients
Wearable Health Solutions's Comment on Sales, Marketing and Customers
1) Internet Sales & Marketing
The Company markets the MediPendant® through its website at www.MediPendant.com
and its iHelp™ mobile medical alarm to dealers at www.ihelpalarm.com.
Due to the complex sales process for medical alarms, which often require several
phone calls among the end user customer's family members before a decision is
reached, the MediPendant® and iHelp™ websites are used mainly for
informational purposes with the actual sale typically taking place over the
phone with one of our customer service representatives or one of our many dealers.
The company uses a variety of techniques, such as Internet paid ad campaigns
and social media, in order to drive web traffic to the websites, and initiate
potential customer sales calls.
2) Retail Distribution
During 2012, the company announced its plans to promote the MediPendant®
product utilizing an e-commerce marketing strategy program designed specifically
for Costco Wholesale Corporation and its members. Costco began offering the
MediPendant® to its customers via its website during the spring of 2012.
3) Wholesale Distribution
The Company currently has several relationships with wholesalers who resell
the MediPendant® and the iHelp™ in conjunction with their own monitoring
services. The company believes its relationships with its strategic partners
is good. The company is currently in discussions with several other wholesale
groups looking to distribute our products through their own independent channels.
With the introduction of the iHelp+ 3G™, Wearable Health Solutions will
be selling only through Wholesale Distribution and in International Markets.
4) International Markets
The Company also distributes its products in a wholesale manner to selected
international markets. To date, the company has made sales in Denmark, Ireland,
Bermuda, and the People's Republic of China. There has recently been a lot of
International interest in the company's new iHelp+ 3G™, and the company
plans to distribute its product initially in Canada and Europe, and expand from
there.
Sources:
Wearable Health Solutions, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Wearable Health Solutions, Inc.’s corporate clients.
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