WEST PALM BEACH, Fla., Dec. 20, 2023 (GLOBE NEWSWIRE) -- InnovaQor, Inc. (OTC: INQR) Chief Executive Officer, Darrell Peterson provides the following year end message to shareholders.

Dear Fellow Shareholders

As we approach the end of 2023 I want to share my optimism about what has been accomplished in 2023 and the strategy and path we have adopted for the coming year. We remain confident that software and IT solutions for the healthcare sector provides unlimited opportunity for growth and value that will benefit our customers and shareholders alike, and are proud of the quality and functionality our current products provide to the healthcare sector.

Our focus for 2023 has been to initiate and build a foundation for our new Curallo communication platform for medical professionals. We have succeeded in forming that foundation and hope to build a base of users and launch a functioning product in 2024. The milestone of revenue generation from added value products offered through Curallo remains firmly in our sights and we envisage revenue generation from new and existing software solutions offered on a subscription based revenue model.

2023 has not been without challenges and has seen a continued scarce resource of people and funding to accelerate development. We remain committed to prudent financial management and continue to expense our costs to develop the Curallo platform. While this increases our currently reported losses we are confident that the trajectory of revenues upon the successful launch of a functioning platform will be exciting and valuable for our shareholders. We are optimistic that our recently contemplated exchange offer will make our capital structure more attractive to sources of funding in a manner that enhances shareholder value. We recognize that creating and maintaining that value will be an ongoing measurement of our success.

We are cognizant of the previous and continued reliance on our former parent, Rennova Health, Inc. (RNVA), as a customer and source of funding and we are determined that 2024 will see that support, while appreciated, much less critical or important for our continued success. We are positioned and prepared to navigate challenges and competition with vigor and dedication and accept the need for continuous innovation and improvement in all aspects of our business to position us at the forefront of the current evolution and inclusion of AI in almost all aspects of software solutions.

Your active participation as shareholders is key to our success. We encourage you to engage with us, share your insights, and help shape the future of InnovaQor.