CEO Michael O’Shea issues shareholder update

Mauldin, South Carolina, March 09, 2022 (GLOBE NEWSWIRE) — Xcelerate, Inc. (OTC Pink: XCRT) Michael O’Shea, CEO, today issued a shareholder update.

“As recently announced, Xcelerate acquired a 51% stake in AfiyaSasa Africa, LLC (“ASA”) (in Swahili “Health Now Africa”). We are now delighted to announce that Dr Dilan Elegalla has moved to Tanzania to establish a pilot program and ASA hired four employees, including CEO Sriyanjit Perera. Sriyanjit served for 10 years in Dar Es Salaamthe capital of Tanzaniaas a Health Information System Advisor assigned to the CDC Health Information System where he worked closely with Department of Health and Welfare responsible for leading efforts to strengthen monitoring and evaluation and health information systems in the Tanzanian health sector. In addition to Sriyanjit, ASA has hired three experienced information systems developers with experience in banking systems, national information systems, hospitals and health sector systems across Tanzania.

“Currently in the we there is one doctor for every 390 citizens. In Africa this number is one doctor for every 5,000 citizens. “ASA is in a unique position to help the people of Africa meet their medical needs by extending the reach of physicians to their patients’ mobile devices through patented breakthrough technology. said Michael O’Shea, Xcelerate CEO. The ASA system is accessible to patients using their mobile phones, tablets, or computers, and allows licensed physicians and other medical personnel to perform initial registration, triage, and determine the course of most appropriate care, virtually. The system is equipped with facial recognition and storage capability to determine if the patient is a returning patient. Additionally, through a set of questions and answers dynamically integrated into the system’s proprietary AI component, measurements are taken with medical devices that connect to a mobile phone, tablet, or computer (e.g., stethoscope, thermometer, oximeter pulse, etc.), bringing the virtual telemedicine appointment to the next level and beyond. AI helps with Q&A and AR to arrive at diagnostic possibilities, testing and treatment options, and next steps for the patient.

“Currently, there are 650 million mobile users in Africafar exceeding the number of United States Where Europe. It is estimated that by 2025, more than one billion Africans will have access to a SIM connection, representing an overwhelming percentage of the population, and the ASA program is expected to exponentially change the face of access to care medical care for these people. While no assurances can be provided, ASA expects to have a fully operational beta site by the end of Q2 2022 and should generate revenue before the end of 2022.”

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This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intention, belief or expectations of the Company, its directors or its officers regarding, among other things: (i) the financing plans of the Company; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operational strategy; and (iv) declaration and payment of dividends. The words ‘may’, ‘would’, ‘shall’, ‘expects’, ‘estimates’, ‘anticipates’, ‘believes’, ‘intends’ and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and actual results may differ materially from those projected in the forward-looking statements. . resulting from various factors.

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