Spine Injury Solutions Reports Q1 2017 Financial Results And Updates And Reminds For Interactive Video Conference Call 4:20 ET Today

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HOUSTON, May 15, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announces Financial Results for Q1 2017. The company has also scheduled an interactive video Investor conference call for Today, Monday May 25, 2017 at 4:20 p.m. (EST) to discuss the Company’s financial results for Q1, 2017. We plan to discuss the new Nationwide Affiliate Expansion Roll-out for its core Personal Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, Shareholders Question & Answers will follow.

Dr. William Donovan, Chairman/CEO Commented; “Earlier this year, management made the decision to focus this year on expanding our  profitable core business model of funding Spinal Injury medical procedures through our  affiliates. This model that has generated over 8,500 procedures over seven years, a gross return of some $16.5 million cash collected while awaiting additional settlement, in total creating a favorable return of approximately 150%.  This strategy  requires a branded, standardized and scalable program for expansion. As reported on YE 16 call, such a major step was not going to happen overnight. Since that time, a lot has been accomplished, both from standardizing documentation to include compiling  Affiliate Operations Manual and legal affiliate agreements. Donovan went on to say, “Around the time of the last conference call, the Company announced the soon opening of a new Affiliate Center in Lubbock Texas at the suggestion of one of Texas’ largest personal injury law firms. Though the announcement was preliminary and had little detail, the local Lubbock newspaper picked up on the announcement attracting other Doctors and  local law firms who had heard of SPIN and its Quad Video HALO™ and already are referring patients. Though such a short time, more than a dozen Lubbock patients have already been referred. With response such as we have witnessed in Lubbock, the Company has set a target to add as many as ten to twelve Affiliates over the next 18 months. It is not unrealistic to assume that a goal of 25 Spinal Procedures a month after six to twelve months is achievable. Now with the groundwork laid for this expansion, we think  the time is right to consider adding a top level executive as Chief Operating Officer position to assist in development. I invite all interested parties to attend our Q1 2017 Interactive Video Conference Call or view its replay which will be out by tomorrow morning.”

Results of Operations

For the Quarter ended March 31, 2017.

Comparison of the three month period ended March 31, 2017 with the three month period ended March 31, 2016.

We recorded $831,320, in gross revenue for the three months ended March 31, 2017, offset by $330,157 of the expected settlement discount resulting in net revenue of $501,163.  For the same period in 2016, gross revenue was $1,162,621, offset by $495,357 of expected settlement discount, resulting in net revenue of $667,264.  Revenue was negatively affected by the closing of the San Antonio affiliate in 2016. For the three months ended March 31, 2017, we managed three spine injury diagnostic centers: Houston, Texas; Tyler, Texas and Odessa, Texas. Lubbock, Texas will become active in the second quarter of 2017. Service cost was $156,804 for the three months ended March 31, 2017 compared to $228,310 for the same period in 2016.

During the three months ended March 31, 2017, we incurred $382,028 of operating, general and administrative expenses compared to $366,513 for the same period in 2016.  Operating, general and administrative expenses were higher for the 2017 quarter compared to 2016 primarily because of an increase in consulting fees, payroll expenses, website planning fees, and traveling expenses totaling approximately $77,000, coupled with reductions in bad debt expense, legal fees, rent, and other expenses of $61,000. The higher consulting costs for the quarter ended March 31, 2017 were mostly incurred in connection with the expansion of our Affiliate Program and marketing of the QVH. There were no research and development costs during the quarter ended March 31, 2017 as compared to $6,149 in 2016.  We also experienced a decrease of $63,692 in non-cash operating charges from $110,519 for the three months ended March 31, 2016 to $46,827 for the three months ended March 31, 2017.

As a result of the foregoing, we had net loss of $49,389 or $.002 per share for the three months ended March 31, 2017, compared to $53,159, $.002 of net income for the three months ended March 31, 2016.

Liquidity and Capital Resources

For the three months ended March 31, 2017, cash used in operations was $93,553 which primarily included decreases in accounts receivable of $4,080 and increases in prepaid expenses of $27,750, related party payables of $44,066 and accounts payable of $23,255.  For the same period in 2016, cash used in operations was $26,595, which primarily included increases in accounts receivable of $154,533, inventories of $2,916, prepaid expenses of $27,750, and a decrease in accounts payable of $33,010, partially offset by net income of $53,159 and an increase of $27,936 in due to related party.  We used no cash in investing activities for the three months ended March 31, 2017 and 2016.

Cash used in financing activities for the three months ended March 31, 2017 and 2016 consisted of repayments on our notes payable in the amount of $50,000 and $20,000, respectively. We collected $419,086 and $512,729 in settlements during the three months ended March 31, 2017 and 2016, respectively.

Conference Call Details 

Conference Call: An investor’s conference call with management will be held on Monday, May 15, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Monday May 15, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/1432887234380451075

or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 449-873-123

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls 

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number:  1 (914) 614-3221 
Participant Access Code:   255-540-580

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://www.spineinjurysolutions.com

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons DO’s and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

A wholly owned subsidiary of Spine Injury Solutions, Inc. Quad Video HALO, Inc. brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures.  The Quad Video Technology V3.0 and HALO Rx creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imagining sources with several other viewpoints just outside the sterile field.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

 

Company Contact
Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions, Inc. (SPIN) Schedules Interactive Conference Call to Present 1st Quarter 2017 Financial Results and Provide Business Development Update

By | News Releases | No Comments

HOUSTON, May 09, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for Monday May 15, at 4:20 p.m. (EST) to discuss the Company’s financial results for Q1 2017, business initiatives and provide an update on expansion plans for its core Personal Injury Case funding Affiliate Program along with the current marketing status of its patented Quad Video HALO™ v.3.0 (QVH3) and HALO Rx™. Shareholders Question & Answers will follow.

Spine Injury Solutions intends to issue its Q1 2017 financial results on Monday, May 15, 2017 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Monday, May 15, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A. The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call: To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation. You can register at any time. As mentioned above, the call is Monday May 15, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/1432887234380451075

or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com Webinar ID: 449-873-123

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console. You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations. Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number: 1 (914) 614-3221
Participant Access Code: 255-540-580

Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://SpineInjurySolutions.com

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons DO’s and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

A wholly owned subsidiary of Spine Injury Solutions, Inc. Quad Video HALO, Inc. brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures. The Quad Video Technology V3.0 and HALO Rx creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imagining sources with several other viewpoints just outside the sterile field.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions reports YE 2016 financial results and reminds for conference call 4:20 ET Today

By | News Releases | No Comments

March 28, 2017 16:05 ET | Source: Spine Injury Solutions, Inc.

HOUSTON, March 28, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announces financial results for year ending December 31, 2016 and that it has scheduled an interactive video investor conference call for today, Tuesday, March 28, 2017 at 4:20 p.m. (EDT) to discuss the company’s financial results for YE 2016, its new nationwide affiliate expansion roll-out for its case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, shareholders Question & Answers will follow.

2016 Highlights and Subsequent Events

  • New National Affiliate expansion program initiated targeting 6-8 affiliates over next 12-18 month
  • Affiliate added in Lubbock, TX
  • SVP of Sales & Marketing, Dr. Matthew DeGaetano appointed
  • Quad Video HALO™ V3.0 EU Patent Pending
  • $15 Million collections milestone passed, ending with $16.1 Million
  • Developed two new leasing programs for QVH 3rd Party Sales.
  • Ended 2016 with strong cash & available credit facilities
  • Increased operational efficiency of core business as seen by improved top and bottom line, lower SG&A and strong increase in Gross Margins.

2016 Financial Highlights

  • YoY Cash Provided from Operations provided to $202,616 as compared to $429,297
  • 2016 Gross Margin Increased to Record 68% from 61% 2015
  • Full year net loss YoY decreased from 2015 of  $1,057,604  to  this  year of  $745,945
  • Full year YoY net loss per share decreased 42% from -$.054 to -$.038 PS
  • 2016 Non-cash charges of $789,135 exceeded the 2016 $745,945 loss.

Dr. William Donovan, Chairman/CEO Commented; “While revenues were flat year over year mainly due to ending of a legacy affiliate relationship in San Antonio in 2016, overall results had several bright spots, despite the fact we are not happy with the financial results for 2016.  Our full year 2016 loss consisted  mainly of noncash charges.  Our loss per share   was reduced by some 40% in 2016. The reduction would have been greater had we not reserved an additional $500,000 in bad debt reserves to account for the decreased collections in Florida.  Cashflow had   $202,000 provided from operations compared to $429,000 use in 2015.  The best indicator for the future growth for SPIN is using  the QVH on cases and continuing as done in 2016 increasing in gross margin to 68% from 61%. The percentages of settlements we collected was higher than we originally booked which boosted our gross margin percentage.  Donovan went on to say, “While we spent a good part of last year investigating third party sales for the QVH, a near term costly endeavor, our increasing margins made us realize that our immediate plan should be to expand our case funding affiliate model. This model will be covered extensively on our conference call today.  While there is no limiting factor to affiliate growth other than cash available to fund cases, our hope for the next 12 to 18 months is to add 6 to 8 affiliates.

Results of Operations

For the year ended December 31, 2016 versus 2015:

We recorded $2,117,078 in net revenues with $689,101 in costs of services and gross profit of $1,427,977 for the year ended December 31, 2016.  For the year ended December 31, 2015, we recorded $2,192,181 in net revenues with $849,756 in costs of services and gross profit of $1,342,425.  Revenue for 2016 was down due to our center in San Antonio electing not to continue the business relationship.

We recognize revenue by reference to “net revenue,” which is gross amounts billed using CPT codes less account discounts that are expected to result when individual cases are ultimately settled.  A discount rate of 48% based on settled patient cases, was used to determine net revenue during 2016 and 2015. Accordingly, we had gross revenues of $3,537,791 with net revenues of $2,117,078 for the year ended December 31, 2016, versus gross revenues of $4,384,362 with net revenues of $2,192,181 for the year ended December 31, 2015.  The Company realized better than expected collections during 2016 related to its outstanding accounts receivable.

Expenses

For the year ended December 31, 2016 versus 2015:

Operating, general and administrative expenses for the year ended December 31, 2016 were $2,087,266 as compared to $2,085,986 for the year ended December 31, 2015.   Operating expenses were flat primarily the result of an increase to bad debt expense offset by a decrease in legal costs, consulting costs, and marketing costs.

Bad debt expense, included in operating, general and administrative expenses, totaled $683,338 and $467,600, respectively, for the years ended December 31, 2016 and 2015. The increase in bad debt expense is primarily attributable to our decision to discontinue doing business in Florida in 2014, which has resulted in limited personnel and affiliates in the region to assist in collection efforts. While we continue to pursue all amounts owed, we increased the allowance for bad debt related to Florida accounts to reflect collection trends in Florida.

Other income (expense) for the year ended December 31, 2016 was an expense of $50,995 as compared to expense of $52,267 for the year ended December 31, 2015. For the twelve months ended December 31, 2016, other income of $7,057 offset by expenses of $58,052.  For the year ended December 31, 2015, other income was $10,234 offset by expenses of $62,501. The small decrease in expense 2016 versus 2015 is primarily attributable to the restructuring of our debt from high interest notes to our line of credit with Wells Fargo which bears interest at the 30 day London Interbank Offered Rate (“LIBOR”) plus 2%, resulting in an effective rate of 2.77% at December 31, 2016.

Net Income or Loss

For the year ended December 31, 2016 versus 2015:

Net loss for the year ended December 31, 2016 was $755,945 compared to net loss of $1,057,604 for the year ended December 31, 2015.  Lower operating expenses, coupled with reduced interest costs, and lower personnel costs to develop and market the Quad Video Halo, resulted in net loss decreasing in 2016 from 2015.

Liquidity and Capital Resources

For the year ended December 31, 2016 versus 2015:

During 2016, cash provided in operating activities was $202,616 as compared to $429,297 of cash used in 2015.  The increase in cash generated in operations was mainly due to an increase in collections from our spine injury diagnostic centers, especially Odessa, coupled with higher noncash charges. These provisions were offset by uses of cash for increased inventory of Quad Video Halo units.  Our settlement collections totaled $2,378,793 in 2016 compared to $2,193,094 in 2015.

During the year ended December 31, 2016, we did not purchase any Quad Video Halo equipment versus a purchase of similar equipment of $50,108 in 2015, resulting in cash used in investing activities.

Cash flows used in financing activities totaled $120,000 for the year ended December 31, 2016, consisting of a payment of current debt of $250,000, and $130,000 of draws on our line of credit. For the year ended December 31, 2015, cash flows provided from financing activities totaled $295,000, consisting of a payment of long-term debt of $350,000, draws of $645,000 on the line of credit.

Conference Call Details

Conference Call: An investor’s conference call with management will be held Today, Tuesday, March 28, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Today, March 28, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/2875421200234286337

or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 512-328-211

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be logged in online at the presentation website during the internet presentation where a unique Audio PIN# will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this new short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call and not allowed to ask questions.

Conference Dial-in Number:  1 (415) 655-0052
Participant Access Code:  274-192-784

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website: www.spineinjurysolutions.com

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons DO’s and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

A wholly owned subsidiary of Spine Injury Solutions, Inc. Quad Video HALO, Inc. brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures.  The Quad Video Technology V3.0 and HALO Rx creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imagining sources with several other viewpoints just outside the sterile field.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.
Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Schedules Interactive Conference Call to Present FY 2016 Financial Results and Provide Business Development Update

By | News Releases | No Comments

March 24, 2017 11:40 ET | Source: Spine Injury Solutions, Inc.

HOUSTON, March 24, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for Tuesday, March 28, 2017 at 4:20 p.m. (EDT) to discuss the Company’s financial results for YE 2016, its new Nationwide Affiliate Expansion Roll-out for its core Personal Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, Shareholders Question & Answers will follow.

Spine Injury Solutions intends to issue its YE 2016 financial results on Tuesday, March 28, 2017 prior to the Conference Call.

Dr. William Donovan, Chairman/CEO stated; “I wholeheartedly recommend all shareholders and interested parties to join our Webinar Conference Call. As you may already have noticed by recent announcements, website updates, team additions and improved performance of our share price, major advances are now underway. The new initiatives will be presented along with Introduction of new active team members on this CC.”

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Tuesday, March 28, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.
Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Tuesday, March 28, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/2875421200234286337
or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 512-328-211

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be logged in online at the presentation website during the internet presentation where a unique Audio PIN# will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this new short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls 

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call and not allowed to ask questions.

Conference Dial-in Number:  1 (415) 655-0052
Participant Access Code:  274-192-784

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://SpineInjurySolutions.com

About Spine Injury Solutions, Inc.:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

 

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Inc. announces new Lubbock, TX affiliate location

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Houston, March 20, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. announces Lubbock TX affiliate location under its new affiliate expansion program.

HOUSTON, March 20, 2017 — Spine Injury Solutions, Inc., Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced the addition of a new affiliate program to be located in Lubbock, TX.

Seven years ago, SPIN initiated its first affiliate program in Houston TX whereby SPIN would provide funding assistance to independent healthcare providers who provide diagnostic and treatment procedures for patients with spine injury accidents. In many cases the reimbursements for these medical treatments took several years, depending on the settlement timing of the case. For these reasons, SPIN developed programs to fund the affilates case billings after the procedure is completed at a discount and assume risk of future collection. During these seven years, while averaging three affiliates, over 8,300 procedures have been funded generating some $25 million in reported net revenues for SPIN. Actual cash collections to date from SPIN funded cases have exceeded $16 million.

Why SPIN Is Now Expanding Its Affiliate Program Nationally

In early 2014, SPIN began beta testing of a unique video transparency and documenting device called Quad Video HALO™ (QVH). In 2015 it received its US Patent on the QVH and began Medical Safety Certification Testing. In 2016, 3rd Party Testing was successfully completed and the QVH became certified for Medical use in both the US and EU. Since adding the QVH to its affiliate program, almost 2,500 cases have been funded. Included in the new affiliate Program is training based on SPIN’s business model. In many cases, there is minimal cash outlay to the independent healthcare providers other than a monthly cloud storage for all procedures involving the QVH. The independent healthcare provider may offer SPIN the option to fund all cases which used the QVH. SPIN has been advised by some attorneys that the use of the QVH helps expedite the settlement of the case.

William F. Donovan, M.D., Chairman CEO of Spine Injury Solutions, Inc., said, “Costs associated with accident victims total in the hundreds of millions of dollars annually. Much of this cost is attributable to delayed or improper early diagnosis of the injury causing unnecessary, long term problems and costs. With over 40 years’ experience as a Board Certified Orthopedic surgeon, I have evaluated many cases that would not have required unnecessary treatments if early diagnosis would have been made. I came to the conclusion that lack of proper ‘tools’ rather than medical incompetency was the cause in the delay for patients to receive appropriate, necessary, and reasonable treatment. This led to the development of the SPIN affiliate program with its appropriate protocols and most importantly, the QVH.”

.Having been one of the first surgeons in the country to use video in arthroscopic surgery, I felt there was a need to provide video documentation for accident victim procedures. For this reason, SPIN has invested some $2.5 million in developing and putting into service its proprietary QVH v.3. To date the QVH has been used on some 2,500 cases providing transparency for procedures performed.

About Spine Injury Solutions, Inc.:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan

Chairman, President & CEO

Spine Injury Solutions, Inc.

713 521-4220

 

Spine Injury Solutions Inc. Initiates Advisory Board

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HOUSTON, March 6, 2017 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce the formation of Advisory Board with Texas based Personal Injury (PI) Law Specialist, Lawrence M. Tylka as Chairman. Additional members are expected to be empaneled over the next several weeks.

Tylka, founder of the Tylka Law Firm, has practiced in the Houston TX area for over 34 years having begun his PI career as a defense attorney representing major liability insurance companies. Tylka left the defense firm to join a very successful personal injury law firm in 1987. He eventually became the managing attorney of that firm on Galveston Island. In August of 1998, Larry started his own law firm on Galveston Island. While the office may be located on Galveston Island, he has been able to enjoy a statewide practice and handle cases in other states and participate in the handling of cases in other countries such as Mexico and Honduras.

The decision by SPIN to form the Advisory Board with Tylka as head was made by management based on Tylka’ strong passion for, and highly successful use of SPIN’s Quad Video HALO (QVH) over the past two years from the beginning of Beta testing. As a former Personal Injury defense attorney and subsequently multi-year member of the “Million Dollar Advocates Forum” representing injury victims, Tylka is a strong advocate willing to publically share his strong endorsement of QVH. He is openly willing to share that QVH is the tool that has significantly increased his victim’s settlements and considerably reduced time to resolution. But even more important, he feels that with the use of QVH, comfort is being provided victims that “Best Practices of Medicine” are being observed and documented though SPIN’s proprietary QVH Video protocol. To quote Tylka at a recent meeting; “Once made aware of it, I can’t see why any Personal Injury attorney would not want to use QVH.”

Dr. Donovan stated; “I have known and worked with Larry for many years. With his vast experience in personal injury law, from both initially as an Insurance Industry advocate and now an advocate for the victim, his advice, guidance and perspective contributed in the development of the QVH has been invaluable. Investors first heard from Larry as guest panelist on our Q1, 2016 Investors Conference Call heaping accolades on SPIN based on his own successful use of the QVH video in expediting case settlements at considerably higher levels than before. Since that time, his selfless willingness to help ‘spread the word’ of his success to the legal community has given us confidence that the time was now right to expand our very successful local ‘Affiliate’ program nationally. His willingness to ‘attach’ his name and reputation, directly to SPIN and QVH, by “chairing” our new Advisory Board, is solid testimony to the quality and potential of SPIN’s new Affiliate program as it rolls out.”

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan

Chairman, President & CEO

Spine Injury Solutions, Inc.

713 521-4220

CONTACT: William Donovan
713 521-4220

Spine Injury Solutions Inc. unveils well received Affiliate Expansion Program at Personal injury Seminar in Atlanta

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Houston, Feb. 17, 2017 (GLOBE NEWSWIRE) —

Spine Injury Solutions, Inc. (SPIN) unveils well-received Affiliate Expansion Program at seminar in Atlanta.

After three years in development, SPIN’s patented Quad Video HALO™ (QVH) Video Medical Records Technology (VMRT), paired with its successful seven year history of injury case financing delivered through three contracted “Affiliates”, the stage has now been set for a nationwide expansion of its unique new Affiliate Program adding a high-tech advantage to injured accident victims. 

HOUSTON, Feb. 16, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, finance,  and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to report that the Company’s attendance and speaker participation at the pre-announced James J. Mathis “Personal Injury: Understanding Colossus Seminar” in Atlanta, GA, February 11, 2017 was a success in several aspects.

The Seminar attendees, primarily made up of healthcare providers and attorneys servicing the  Personal Injury (PI) industry were introduced (most for the first time), to SPIN’s proprietary, patented, Quad Video HALO™ v3.0 and its success in facilitating patient confidence, “Best Medical Practices” and higher case settlements in shorter time for cases involving diagnostic and treatment injections. The original beta QVH first began clinic testing and trials in 2014 in Houston TX with Northshore Orthopedics (NSO), SPIN’s first “Affiliate” owned by SPIN Founder/Chairman. NSO along with several satellite locations, using SPIN’s Medical Lien financing program since 2010, had, up until the first use of QVH in 2014, financed over 6,000 diagnostic injection procedures in the conventional non-technical way similar to what the rest of the country uses today. While under continuing testing and development, the QVH received its US Patent in 2015 and its successful completion of compliance testing of the Quad Video HALO System to meet EN 60601-1 safety standard for medical equipment along with its EU approval to carry the CE Mark, in 2016.

SPIN has internally invested approximately $2.5 million in developing the QVH which has now been used and proven successful in an additional 2,400 case procedures. Early on in the testing of the QVH, second and third SPIN Affiliates were added in Midland/Odessa and Tyler, TX who contributed to the latter 2,400 procedures.

Armed with data and both medical and attorney testimonials giving clear “Proof of Concept” to the conjoining of the QVH v3.0 with conventional spine injection procedures, SPIN management made the decision in late 2016, to develop a new  Nationwide all-encompassing affiliate program to be introduced for the first time at the Atlanta seminar. New SPIN affiliates once qualified and accepted, will be trained to provide best practices, be referred cases generated by SPIN paid-for marketing, and trained in the use of SPIN’s QVH, all provided at no additional cost to their existing practices.  Once the procedures are completed, SPIN will early monetize the affiliates case billing leaving no further collection risk.

The new affiliate program capitalizes on SPIN’s unique position in having exclusive access to its patented QVH. When the decision was made in December to expand its affiliate program, the targets were to add a minimum of four affiliates, with two in Atlanta and maximum of 10 affiliates over the following year.  The company is pleased to report significant interest in the program by over 20 attendees, mostly from Atlanta, but also from four additional States making the high end of the target range appear very achievable.

Additionally –though the QVH was originally developed for internal SPIN affiliate use, while under continuing development, it was  realized that a large additional market existed. A market for instantly transportable High Definition video providing transparency could be much broader.  For example, there is a need for  a Hybrid Video Integration Platform for general surgery, not only for QVH’s own four camera video showing internal x-ray real-time view along with three external cameras, but also to piggy-back additional video devices. QVH also has built-in capabilities to plug-in any digital or analog video medical device with “video out” capabilities. Devices used in robotic, arthroscopic, microscopic, etc. surgical procedures both for risk management, or use in hospitals and cadaver labs for global education can work with the QVH. Though direct sales were not the primary target at the Atlanta seminar, management also reports significant third party, non-PI interest, in the QVH such as described above from three attendees.

Dr. Donovan stated; “On behalf of the SPIN and QVH Management, Directors and Development team, I cannot overstate how pleased we were with the reception we received from not just the attendees, but even the Sponsors and other Presenters at Atlanta. We anticipate adding and announcing new team members shortly. “

Donovan added; “For those not familiar with SPIN’s history, it should be noted that since inception some seven years ago, SPIN’s business advances to include the QVH development have been financed through its own organic revenues, sporadic third party straight debt paid off on time and some early loans by me later exchanged for shares. SPIN has never asked for, or received any outside equity financing, public or private. While I am the largest shareholder of the Company, the vast majority of my shares were either purchased in the open market or early loans I made to the Company which I converted to restricted shares at market value. The majority by far of my share purchases and/or debt conversions were at prices higher than the current share price.”

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and financing services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713 521-4220

CONTACT: William Donovan
713 521-4220

Spine Injury Solutions Inc. Executives to Address Personal Injury Seminar in Atlanta

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Houston, Feb. 02, 2017 — Spine Injury Solutions Executives to address Attendees at the annual Brice Lawfirm/James Mathis, Understanding Colossus Personal Injury Seminar in Atlanta.HOUSTON, Feb. 2, 2017 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, finance, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce SPIN/QVH attendance and speaker participation at the James J. Mathis “Personal Injury: Understanding Colossus (software) Seminar” at the Renaissance Waverly Hotel in Atlanta, GA, February 11, 2017. SPIN management is honored to have been invited to not only attend, but to also participate as speaker at this annual event. More than 300 of the nation’s top Personal Injury practitioners will be in attendance. SPIN VP Marketing, Matthew DeGaetano, who is also known as one of the nation’s top experts on educating attorneys and pain management doctors on how to defend against the insurance industry use of Colossus Software for settlement will be a key speaker. His presentation will unveil SPIN’s Quad Video HALO™ as the “missing link” to maximize injury settlements.Dr. Donovan said; “While things may have seemed quiet from an announcement point of view, I am optimistic for a strong 2017 and beyond for both SPIN and QVH. The reasons behind my confidence should all begin to publicly appear over the next week. If you haven’t noticed, we launched the beginning of a new dynamic website for QVH last week. Next week we expect to have a new SPIN website launched. To be invited to participate and introduce our Quad Video HALO before such a high profile group of personal injury professionals next week in Atlanta, by far the most “targeted” group ever, will be a great way to start the year. However these three events are just the beginning of what we have planned. We sincerely appreciate your patience but feel you will not be disappointed.”

About James J. Mathis – Has extensive professional experience in the Insurance Industry, as an expert consultant on insurance claim handling issues, and as a speaker for Trial Lawyers’ Associations and Medical Associations. As owner of Sequoia Visions, Inc., he has designed and created innovative software for the Legal and Medical Communities to address the ongoing changes and demands of the Insurance Industry. He has lectured at numerous workshops and seminars in the following areas: Claim Evaluation and Negotiation, Medical Claim Documentation and Presentation, General Claim Processing and Handling.He has specific knowledge of Insurance Industry processes, procedures, manuals, memos, literature, claim handling practices, advertisements, electronic systems, computer maintained data, computer retrieval reporting, personnel guides, training guides and literature, trial defenses and discovery preparation. Additionally, he has assisted in the discovery process for law firms dealing with issues of bad faith, extra-contractual and consumer violation lawsuits. This is due to my extensive experience in varied positions in the insurance industry as well as management positions while employed with State Farm and ongoing review of insurance procedures, processes, and literature and claim files in my capacity as a consultant.For More Info on James Mathis visit: http://www.sumamri.com/mathis/

About the Brice Law Firm – “Atlanta’s Premier Personal Injury Boutique Law Firm”. BLF is a full service personal injury law firm dedicated to achieving maximum results for each and every client. Our firm model is designed to give each client personal attention and direct contact with an attorney — not a paralegal or legal assistant.For More Info on The Brice Law Firm visit: http://bricelawfirm.com/

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements:

This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC

Company Contact

Dr. William F. Donovan
Chairman, President & CEOSpine Injury Solutions, Inc.
(713) 521-4220

Spine Injury Solutions, Inc. Reports Q3 2016 Financial Results and Reminds for Conference Call at 4:20 EST Today

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  • Q3 Loss of $178,401 decreased 19% from $219,674 in Q3 15 –fourth consecutive quarterly decrease in loss.
  • Q3 Collections of $575,000 are highest of the year, passing the $15 million milestone since inception.
  • Q3 Gross Margins of 68%, a new record level.
  • Nationwide Marketing Initiative for QVH launched in November.

HOUSTON, Nov. 14, 2016 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, financing and healthcare solution company servicing the multi-billion dollar spine injury sector, reports Q3 2016 financial results and will hold an interactive video Investor conference call today Monday, November, 14, 2016, at 4:20 p.m. EST to discuss the Company’s financial results for third quarter 2016 and provide an update on its current and future business initiatives.

Dr. Donovan, Chairman CEO stated, “While I am somewhat disappointed that no QVH sales were completed in Q3, our marketing team has made strides in formulating a strategic marketing plan which vastly increases the scope and size of our QVH product line. During the quarter, the Company presented its QVH v.3 and QVH Rx at several trade shows and workshops attracting some qualified leads. The biggest takeaway was feedback confirming that our new unique video documentation transparency QVH Rx system, which had its first operating room tests done earlier in the year, is engendering interest from administrators at hospitals, teaching hospitals/cadaver labs and ambulatory surgical centers for both its risk management aspects as well as education. Because of what we have learned, we feel we now have evidence of need for the Company to leverage our marketing efforts through national and regional commission only medical product rep firms.”

Donovan went on to say, “While net revenues may have declined a bit in Q3, net loss has also declined to its lowest level of the year, and our gross margin has increased to 68%, its best level ever. Additionally, Q3 cash collections of $575,000 was the highest of the year, bringing total cash received from our legacy business to over $15 million from inception.”

Results of Operations

Comparison of the three month period ended September 30, 2016 with the three month period ended September 30, 2015.

We recorded $782,276 in gross revenue for the three months ended September 30, 2016, offset by $323,318 of the expected settlement discount resulting in net revenue of $458,958. For the same period in 2015, gross revenue was $1,110,533, offset by $597,770 of the expected settlement discount, resulting in net revenue of $512,763. We ceased providing collection services to the San Antonio diagnostic center during the first quarter of 2016, and accordingly had no revenue in San Antonio for the three months ended September 30, 2016 versus the same quarter in 2015. This is the primary reason for the above decline in gross revenue between those two periods. Net revenue as a percentage of gross revenue increased to 58.7% for the three months ended September 30, 2016 from 46.2% for the three months ended September 30, 2015 due to a higher collection percentage in the 2016 quarter. We are currently providing technology and funding services to five spine injury diagnostic centers in the United States, which are located in Houston, Texas; Odessa, Texas; Tyler, Texas; El Paso, Texas; and Dallas, Texas.

Service cost was $146,314 for the three months ended September 30, 2016 compared to $221,557 for the same period in 2015. The decrease is due mainly to lower volume.

During the three months ended September 30, 2016, we incurred $459,126 of operating, general and administrative expenses compared with the $409,532 for the same period in 2015. The increase is attributable to increases in (i) travel costs of approximately $19,000, (ii) marketing costs of approximately $29,000, (iii) depreciation and amortization expense of approximately $3,000, (iv) payroll and benefit costs of approximately $10,000, (v) legal expenses of approximately $3,000 and (vi) office and operating expenses of $9,000, coupled with a decreases of (i) approximately $18,000 in consulting costs, and (ii) approximately $5,000 in subscriptions costs.

During the three months ended September 30, 2016, we incurred $18,862 of research and development expenses compared with $89,512 for the same period in 2015. The decrease is attributable to costs incurred during the three months ended September 30, 2015 for engineering and testing fees to verify the Quad Video Halo (“QVH”) meets certain standards. Our patented (Patent No. 9,084,577) technology meets UL compliance with specific immunity and emissions standards required by IEC 60601-1-2-2007.

As a result of the aforementioned, we had a net loss of $178,401 for the three months ended September 30, 2016, compared to a net loss of $219,674 for the three months ended September 30, 2015.

Conference Call Details

Conference Call: An investor conference call with management will be held on Monday, November 14, at 4:20 p.m. EST. The call will be video WebCast with a short live Power Point Presentation followed by Q & A. The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call: To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation. You can register at any time.

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/4102389312293044484 or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com Webinar ID: 374-886-779

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console. You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations. Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4
If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number: 1 (631) 992-3221
Participant Access Code: 421-404-045

Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://SpineInjurySolutions.com

About Spine Injury Solutions, Inc:

We are a technology, marketing, billing, and collection company facilitating diagnostic services for patients who have sustained spine injuries. In addition, we are developing QVH programs to assist surgeons and other healthcare providers with treatment documentation in specialized areas, such as spine injuries and regenerative medicine. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers who treat spine injuries. Our goal is to become a leader in providing technology and monetizing services to spine and orthopedic surgeons and other healthcare providers. By monetizing the providers’ accounts receivable, patients are not unnecessarily delayed or prevented from obtaining needed treatment. After a patient is billed for the procedures performed we oversee collection.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the patented and CE Certified Quad Video HALO™ and HALO Rx™, a highly scalable video integrated operating room technology that meets the demands of medical practices and major hospital systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both invasive and minimally invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Schedules Interactive Conference Call on 3rd Quarter Financial Results

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Spine Injury Solutions Schedules Interactive Conference Call to Present 3nd Quarter 2016 Financial Results and Provide Business Development Update

HOUSTON, November 8, 2016 — Spine Injury Solutions, Inc. (OTCQB-SPIN), a technology-driven, medical service, finance and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for Monday November 14, at 4:20 p.m. (EST) to discuss the Company’s financial results for Q3 2016, business initiatives and provide an update on expansion plans for its core  Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0 (QVH3). Shareholders Question & Answers will follow.

Spine Injury Solutions intends to issue its Q3 2016 financial results on Monday, November 14, 2016 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Monday, November 14, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.
Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Monday November 14, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/4102389312293044484 or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 374-886-779

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number:  1 (631) 992-3221
Participant Access Code:  421-404-045

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://www.spinepaininc.com/investor-information.php

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented and CE Certified Quad Video HALO™ and HALO Rx™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both Invasive and Minimally Invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220