Aperture Health Announces Funding Milestone
Published October 5th, 2008
Aperture Health, Inc. has announced that it has raised $800,000 in additional funding over the past ninety days. This capital was raised pursuant to an unregistered Convertible Debenture offered to qualified investors. This round of funding is notable given the challenging economic environment and the fact that the conversion price of $0.50 per share represents a valuation ten times greater than the current share trading price.
Thomas Banks, founder and CEO of the company, stated, “We’re pleased that even in this market there are strategic and financial backers who understand and appreciate the unique value of our www.wellness360.com business.” He added, “We’re proud that our investors support our social initiative to lowering health care costs in America. We also think that it’s a great testament to our business that a number of our agents and sponsors, who know first-hand the value of our www.wellness360.com service, have personally invested in Aperture Health.”
Aperture Health is the first on-line company to combine social networking with a free on-line wellness offering that provides “cash incentives” designed to directly address the rising cost of health care.
About Aperture Health, Inc.
Aperture Health, Inc. is a national provider of on-line health and wellness services provided free of charge through wellness360.com. Services include personal health record, on-demand emergency medical record, diet and fitness resources, comprehensive health risk assessment, customizable wellness journaling calendar and the latest medical/health information. Aperture Health, Inc.’s corporate offices are in Mission Viejo, CA. Aperture Health generates revenues from advertisers by providing highly granular health and wellness targeting. Individual information is never divulged to advertisers or any third parties and they back their promise with a $1 million Privacy Guarantee.
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