Salona Global Medical Device Corporation Announces Signing of US Distribution Agreement with K-Laser; Adds a seasoned communications leader to enhance shareholder communications and digital strategies

SAN DIEGO, May 03, 2022 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the “Company”) (TSXV: SGMD), an acquisition-driven medical device company serving the worldwide market for injury recovery and surgery (known as the science of recovery), announces a further expansion of its Mio-Guard® product line with the K-Laser® Technology product suite.

Starting today, Salona Global will begin marketing and selling the products, developed by Italy-based Eltech K-Laser srl, through SGMD’s Mio-Guard channel in the United States on May 3, 2022. The products will will sell for five to five years. numbers based on clinical and device needs should improve SGMD’s overall gross margins, which were reported last quarter at just over 30%.

According to K-Laser®, the FDA-approved high-intensity therapeutic laser is used in clinics around the world and designed to improve muscle function, decrease muscle fatigue, and reduce stress after physical activity. One of the products, the Cube Plus 30, offers software updates via Wi-Fi and a chip. United States warranty and service for products, including the Cube 4 and Cube Plus 30 devices, will be handled by SGMD’s subsidiary, South Dakota Partners, Inc.

“We are proud to have K-Laser technology as the next suite of products we are launching through the Mio-Guard channel, bringing further momentum to our newly listed and growing company,” said Les Cross, President and Acting CEO of SGMD. “We are focused on expanding our sales distribution footprint with exciting high-margin products. We believe this line of laser products has competitive advantages that will set us apart with our growing customer base. We expect sales of these high-priced products to impact our finances as early as next quarter, both in terms of unit sales and service and warranty revenue.

Additionally, the company has hired Mr. Jethro Rothe-Kushel into the team. Mr. Rothe-Kushel, a seasoned media and communications executive who served as Vice President of the Producers Guild of America and Director of Communications for Los Angeles County, will be responsible for media and digital strategies for the company, including including communications with shareholders. The company plans to publish a regular newsletter accessible to shareholders and highlight additional information about the company to capital market participants.

“I am delighted to welcome Jethro to the team,” said Mr. Cross. “His vast experience in the media industry will enhance our communications with clients and shareholders.”

“We remain focused on our multi-pronged approach to growth,” continued Mr. Cross. “We have an active acquisition pipeline and we continue to work to increase our product lines through distribution agreements, acquisition or licensing of product intellectual property and development of several products in our Simbex Innovation Center to market. Our objective continues to be quarter-over-quarter growth with increased gross margins. »

The global medical laser market size is expected to reach over US$14.23 billion by 2029, according to Fortune Business Insights.

More information is available for investors at www.salonaglobal.com/investors.

For more information please contact:

The crosses
Chairman of the Board of Directors and Interim Chief Executive Officer
Tel: 1 (800) 760-6826
Email: Info@Salonaglobal.com

Further information
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “estimates”, “may”, “should”, “could”, “should”, “potential”. , ‎‎ ‎‎‎“will”, “seek”, “intend”, “plan” and “anticipate”, and similar expressions relating to the Company. All statements other than statements of historical fact may be forward-looking information. These statements reflect the Company’s current beliefs and intentions regarding future events, as well as current information available to the Company, and are subject to certain risks, uncertainties and assumptions. The Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected in such statements. These factors include, but are not limited to, general business and economic conditions in the regions in which the Company operates; the Company’s ability to execute on its key priorities, including successful acquisitions, business retention and strategic plans, and to attract, develop and retain key executives; difficulty integrating newly acquired businesses; the ability to implement business strategies and seize business opportunities; disruptions or attacks (including cyberattacks) on the Company’s information technology, Internet, network access, or other voice or data communication systems or services; developments in various types of fraud or other criminal behavior to which the Company is exposed; failure by third parties to meet their obligations to the Company or its affiliates; the impact of new laws and regulations, changes or enforcement thereof; ‎permitting and licensing in a highly regulated business; the generally difficult litigation environment, including in the United States; increased competition; changes in exchange rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to continue operations; critical accounting estimates and changes in accounting standards, policies, and methods used by the Company; the occurrence of catastrophic natural and unnatural events and losses resulting from such events; and risks related to COVID-19, including various ‎recommendations, ‎orders ‎and ‎‎measures ‎by government authorities ‎in an attempt to contain the pandemic, including ‎travel restrictions, border closures, ‎‎ non-essential business closures, quarantines, self-isolation, shelter-in-place and social distancing, market disruptions, economic activity, financing, supply chains and sales channels, and a deterioration in general economic conditions, including a possible national or global recession; as well as the risk factors discussed or referred to in the Company’s disclosure documents filed with the United States Securities and Exchange Commission and available at www.sec.gov, and with the regulatory authorities of the securities of certain provinces. of Canada and available at www.sedar.com. If any factor affects the Company in an unexpected way, or if the assumptions underlying the forward-looking information prove incorrect, the actual results or events could differ materially from the results or events. predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Further, the Company assumes no responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in the Investor Call is made as of the date of the Investor Call and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

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