SoloHealth Secures $1.8 Million Seed Round From Investors

Wednesday, April 23, 2008 General News
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ATLANTA, April 22 SoloHealth, a hi-tech health servicescompany based in Atlanta, GA, announced today that it has secured $1.8 millionin financing from private investors, including the Atlanta Technology Angels(ATA) investment group.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080422/CLTU051LOGO )

"We are pleased that our investors have shown confidence in SoloHealth aswe move forward with our deployment strategy," said Bart Foster, CEO andfounder of SoloHealth. "The proceeds from this investment will provide us withthe working capital to continue to validate our model in a number ofadditional market locations over the balance of the year."

SoloHealth's inaugural product, EyeSite(TM), is a self-service vision-testing kiosk for use in high traffic retail environments. Throughsophisticated optical software and an interactive video interface, users canaccurately assess their distance and near vision -- free of charge. A printoutindicates the results, provides eye health information, and refers the user toa participating eye care professional nearby.

"We are delighted to invest in SoloHealth's first round of outsidefinancing, said Knox Massey, managing director of the Atlanta TechnologyAngels. "We were highly impressed by Bart's passion and drive to bring theSoloHealth product to market. SoloHealth has created an innovative, technologyplatform that can positively influence vision health awareness for millions ofpeople."

SoloHealth announced last week that EyeSite won three Awards ofExcellence, including "Best in Show" at the KioskCom Self Service Expo and TheDigital Signage Show in Las Vegas.

Past winners honored included: BMW, SONY, FedEx, AAA, the US PostalService, Hilton Hotels, Sunoco, SAS, and ExxonMobil.

Earlier this year, SoloHealth was selected as one of the 2008 "Top 40"Innovative Technology companies in Georgia by the Technology Association ofGeorgia (TAG), the state's leading technology organization. In addition,SoloHealth was accepted for membership by Georgia Tech's Advanced TechnologyDevelopment Center (ATDC).

About SoloHealth

SoloHealth is an early stage startup positioned to capitalize on thegrowing consumer preference for self-directed healthcare services.SoloHealth's inaugural product, EyeSite(TM), is an interactive kiosk thatprovides a free customized vision report and then directs consumers to an eyecare professional nearby. For more information about SoloHealth, please visitwww.solo-health.com.

SOURCE SoloHealth


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