Wearable Health Solutions (OTCMKTS:WHSI), a health and technology penny stock that provides personal emergency response systems (PERS) and support to senior citizens and lone workers, had a strong first quarter in 2022. In fact, its quarter was so strong, it saw a 100% increase in its stock price.
Two monumental announcements have powered that stock growth.
· The announcement of a marketing and promotion partnership with Worldwide Business with Kathy Ireland
· The anticipated launch date of its flagship product iHelp MAX 4G
Worldwide Business with kathy ireland® Boosts Exposure
More seniors are choosing to live independently. They are able to choose this lifestyle because of improved healthcare, increased socializing, and of course, better technology. Wearable Health Solutions (OTCMKTS: WHSI) is helping to keep seniors at home longer, while keeping their families at ease, by providing its iHelp MAX 4G—a personal emergency response system/medical alert device. As it strives to get its device into the homes of more users, it has reached out to a household name for help.
WHSI announced the marketing campaign slated to air on Worldwide Business with Kathy Ireland, earlier this year. Aiming to gain increased exposure to an estimated $7.4 billion medical alert market. Utilizing spots on television—both on Fox Business Network and Bloomberg television—as well as a sizeable presence on social media, WHSI hopes the campaign will drive traffic to its network of dealers and distributors.
The deal could expose WHSI and its iHelp MAX 4G product to more than $200 million worldwide.
Launch of iHelp MAX 4G
While Kathy Ireland may lend celebrity to WHSI and its mission, the real star power is its product, the iHelp Max 4G. In late March, Wearable Health Solutions (OTCMKTS: WSHI) announced the June 2022 release date of the 4G version of its iHelp Max. Just as the device itself is gaining attention, the Dealer Portal and backend as a service (BAAS) WHSI provides, helps to position WHSI as a more vertically integrated provider of personal medical alert devices and services.
The medical alert device boasts significant improvements over other devices in the market and strong technological features, including:
· 4G coverage for the user, ensuring stronger cellular connection
· Compatibility with Amazon Alexa and Google Assistant
· Competitive dealership pricing for dealers and distributors
· Marketing support for dealers
· An enhanced Dealer Portal (via the acquisition of mHealth Central’s assets and technology)
Stock Price Doubles
The work done by WHSI in the final months of 2021 and now in the first quarter of 2022 has put it in a strong position moving forward. Not only is the firm in a strong position, but investors who started the year with WHSI have also seen the value they hold in the firm double in three months.
Starting the year at a price per share of $0.009, the firm ended March at a 100% increase of $0.018. This all has happened simply based on the marketing push and announcement of a launch date of its latest product. Will the stock price react in kind—or perhaps more strongly—once the iHelp MAX 4G is actually launched and finds its way into the hands of seniors and lone workers?
Curious investors may want to add Wearable Health Solutions (WHSI) to their watchlist.
This article is part of a sponsored investor education program.