Financial News

North Star Leasing and Avail Scientific Have Arranged a $25 Million Dollar Lease Finance Facility


North Star Leasing is a division of Peoples Bank (NASDAQ:PEBO)

Avail Scientific Corp enables healthcare providers treating mental health and substance abuse to unlock significant clinical value and revenues via ancillary diagnostic services.

"We are proud to announce we have finalized and signed with North Star Leasing to provide up to $25,000,000.00 of equipment financing for our clients. This facility allows our customers to finance the purchase of our EEG FDA approved medical headsets. The average cost of the EEG headsets is over $30k. North Star Leasing facility will reduce our sales cycle from weeks to days. Allowing us to achieve our $6,000,000.00 in revenue goals."

Statement by Gerard Maynard, President, and Chief Revenue Officer for Avail Scientific.

*North Star Leasing is a division of Peoples Bank (NASDAQ: PEBO), founded in 1902, is an Ohio state-chartered bank headquartered in Marietta, Ohio. Peoples Bank is a diversified financial services company that makes available a complete line of banking, trust, investment, insurance, premium financing, and equipment leasing solutions through its subsidiaries.

North Star Leasing funded $135M in 2022 and is projected to fund over $170M in 2023.

Avail Scientific and it's subsidiary Relai Neuro are specifically targeting over 700 substance abuse clinics in Florida. Avail Scientific's (MOBO) mandate is to support psychedelic medicine research and treatments through neurological testing, data analytics, and data management. Avail Scientific works with its subsidiary Relai Neuro providing neurological testing and data management to rehab and mental health treatment centres in Florida.

Avail Scientific
North Star


Gerard Maynard
Jason Nadeau
SVP Director of Sales and Marketing

Cautionary Note Regarding Forward-looking Statements


Certain information in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "plans" "expect", "potential", "believe", "intend" or negatives of these terms and similar expressions. In this press release, forward-looking statements relate, among other things, to: the ability of Avail to heighten market and brand awareness and to broaden the Company's growth potential.

Forward-looking statements are based on certain assumptions. While the Company considers these assumptions to be reasonable based on information currently available, they are inherently subject to significant business, economic and competitive uncertainties and contingencies and they may prove to be incorrect. Such assumptions include, but are not limited to: the Company's ability to continue as a going concern; and the Company's ability to grow revenues in the US and global markets.

Also, forward-looking statements necessarily involve known and unknown risks, including without limitation: risks associated with general economic conditions; increased competition in the mobile application and home-services market; the potential risks associated with potential governmental and/or regulatory action with respect to the Company's business; and the ability of the Company to continue generating a profit.

Readers are cautioned that the foregoing is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ from those anticipated. Forward-looking statements are not guarantees of future performance. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

SOURCE: Mobile Lads, Corp.

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