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Jack Nathan Health Announces Appointment of Permanent Chief Financial Officer, Mr. Bharat Choudhary

TORONTO, August 28, 2023--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) ("Jack Nathan Health" or the "Company") is pleased to announce the appointment of Mr. Bharat Choudhary as the Company’s new permanent Chief Financial Officer (CFO).

The Company's board of directors has made the decision to appoint the new permanent CFO, and conclude the interim CFO position with Mr. Spence Walker, effective September 22, 2023.

During the interim period, the outgoing Mr. Walker played a crucial role in steering the Company's financial operations, and the Company extends its sincere gratitude for Mr. Walker’s contributions. Mr. Walker’s efforts have been instrumental in maintaining the Company's financial stability during this period of transition.

As the newly appointed permanent CFO, Mr. Choudhary brings with him over 15 years of diverse experience working in highly regulated industries. He carries with him a wealth of knowledge having led the Accounting, Finance and Operations functions of private and publicly traded multinational organizations. Mr. Choudhary is well-equipped to lead the financial team and contribute to the strategic growth and success of the new phase of the Company’s growth with its strategic partnership with Walmart.

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"We are thrilled to welcome Mr. Choudhary as our new CFO," said Dr. Glenn Copeland, Chairman & CEO. "His deep understanding of the industry and strong financial acumen will be invaluable as we continue to aggressively scale across Canada & Mexico and drive our company's growth."

Mr. Choudhary expressed his enthusiasm for joining the team: "I am honored to join Jack Nathan Health and work with the talented operations & financial team to further enhance the Company's financial strategies and contribute to its continued success."

The entire Jack Nathan Health team looks forward to this new chapter under the leadership of Mr. Choudhary. His appointment underscores the Company’s commitment to maintaining strong financial leadership and strategic decision-making.

About Jack Nathan Medical Corp.

Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest healthcare networks. Jack Nathan Health® is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart® stores.

Jack Nathan Health® provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can "Live Your Best Life".

Jack Nathan Health® was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres. In Canada, the Company has 75 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. 18 clinics, 3 Rehab and 5 MedSpa are corporate owned and operated. In Mexico, the Company has 131 corporate owned and operated clinics in Walmart locations and 4 Clinics inside Walmart Distribution Centres servicing Walmart Associates.

For more information, visit www.jacknathanhealth.com or www.sedarplus.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Concerning Forward-Looking Information

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to it, and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative and other judicial, regulatory, political, and competitive developments; the economic and business impact of operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230828877192/en/

Contacts

For media inquiries or more information:

Jack Nathan Medical Corp., Mike Marchelletta, Vice Chairman, email: mike@jacknathanhealth.com; phone: (416) 518-1000.