Collaboration Leverages Newtopia's Proven Platform to Help Participants Create Positive Lifelong Habits that Reduce Chronic Metabolic Disease Burden While Improving Clinical Outcomes.
TORONTO, March 7, 2024 /CNW/ - Newtopia Inc. ("Newtopia") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled whole health platform creating sustainable habits that prevent, slow and reverse chronic disease, and Arvest Bank ("Arvest"), a leading community-focused bank with more than $27 billion in assets, today announced a partnership to reduce chronic metabolic disease burden among Arvest's benefited population while helping participants establish healthy habits for life.
Newtopia Inc. Logo (CNW Group/Newtopia Inc.)
Newtopia's philosophy of humans-helping-humans, amplified by technology, continues to generate industry leading engagement, with 70% engagement across year-1 and proven medical cost savings of $1,464 per enrolled participant, as demonstrated in a randomized controlled trial sponsored and published by Aetna.
Newtopia is strategically aligned with Arvest's evolving Wellness Program, which focuses on improving health outcomes and helping associates and their families lead happier, healthier lives. Through this partnership, each Arvest participant will be personality-matched with a dedicated Inspirator (health coach). Individualized journeys are tailored to each participant based on their behavior genetics, influences such as family health history, social determinants of health, readiness-to-change, and personal preferences and goals.
"We're honored to help Arvest with its goal of shrinking their population's burden and risk of chronic metabolic disease, using Newtopia's proven platform," said Jeff Ruby, Founder and CEO of Newtopia. "We also couldn't be happier that Arvest has joined the efforts in Northwest Arkansas, spearheaded by Alice Walton's Heartland Whole Health Institute, to leverage personalized whole health coaching to improve quality of life, health outcomes and costs throughout the region."
"We are very excited to offer this program to our associates as part of our Total Rewards package at Arvest," said Michelle Van Schenck, Executive Director of Total Rewards at Arvest. "Wellness is multidimensional, and we want our associates to feel valued and included in every stage of life and health. Newtopia can support associates in their wellness journey, and we look forward to this partnership."
About Newtopia
Newtopia is a personalized whole health platform helping people create positive lifelong habits that prevent, slow, or reverse chronic disease while reducing healthcare costs. The platform leverages genetic, social and behavioral insights to create individualized prevention programs with a focus on metabolic disease, diabetes, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centered approach that combines virtual care, digital tools, connected devices and actionable data science, Newtopia delivers sustainable clinical and financial outcomes. Newtopia serves some of the largest nationwide employers and health plans and is currently listed in Canada on the Toronto Stock Exchange (TSXV: NEWU) and is quoted in the US on the OTCQB? Venture Market (OTCQB: NEWUF). To learn more, visit newtopia.com, LinkedIn or X.
About Arvest Bank
With more than $27 billion in assets, Arvest Bank is a community-focused financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma. Established in 1961, Arvest Bank is committed to meeting the needs of its more than 830,000 retail and business customer households by continually investing in the digital tools and services customers expect. Arvest was recently recognized by J.D. Power for its outstanding mobile banking experience. Its extensive network of more than 200 banking locations provides loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing as a part of its growing list of digital services. Arvest is known for its commitment to the communities it serves and to attracting, hiring and retaining a diverse group of talented people. Arvest is an Equal Housing Lender and Member FDIC. To learn more please visit www.arvest.com.
Forward Looking Statements
This news release contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, and forward looking statements, within the meaning of applicable United States securities legislation (collectively, "forward-looking statements"), which reflects management's expectations regarding Newtopia's future growth, results from operations (including, without limitation, future production and capital expenditures), performance (both operational and financial) and business prospects and opportunities. Wherever possible, words such as "predicts", "projects", "targets", "plans", "expects", "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. All statements other than statements of historical fact may be forward- looking information. Such statements reflect Newtopia's current views and intentions with respect to future events, based on information available to Newtopia, and are subject to certain risks, uncertainties, and assumptions. Material factors or assumptions were applied in providing forward-looking information. While forward-looking statements are based on data, assumptions and analyses that Newtopia believes are reasonable under the circumstances, whether actual results, performance or developments will meet Newtopia's expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Forward-looking statements are not a guarantee and are based on a number of estimates and assumptions management believes to be relevant and reasonable, whether actual results, performance or developments will meet Newtopia's expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Certain of the "risk factors" that could cause actual results to differ materially from Newtopia's forward-looking statements in this press release include, without limitation: the termination of contracts by clients, risks related to COVID-19 including various recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolations, shelters- in-place and social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic conditions including a possible national or global recession; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in Newtopia's disclosure documents, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.comincluding Newtopia's final long form prospectus dated March 30, 2020.
Should any factor affect Newtopia's 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, Newtopia 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 Newtopia undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
