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XTM and CloudMD Join Forces to Offer Virtual Health Care and Mental Health Support to Service Workers in its Today Program™

The Day Following the In-App Notification Saw 5,000 Service Workers From Seventy Different Locations Opt-In to the New On-Demand Health Care Program

XTM Inc. (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations and mobile solutions specifically for service industries including hospitality, personal care and service staff, today announced that the Company closed a partnership agreement with Virtual Health Care Provider CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF), enabling them to offer on-demand health care and mental health support to their 200,000 Today Program members.

The Company notified employers of the offering via an internal message yesterday and had opt-ins of 70 locations representing close to 5,000 service workers. Individual members will also have the opportunity to opt in directly through their Today Financial app.

XTM CEO Marilyn Schaffer commented on today’s announcement, stating:

“We are committed to helping to inspire today’s service workers. Financial wellness is closely linked to physical and mental wellness, and to this end, we are thrilled to add virtual health care to our portfolio of inspirational offerings. Helping reduce absenteeism, improve productivity and lessening the anxiety associated with waiting in a walk-in clinic, for example, with your child while you’re supposed to be on-shift, are all benefits we want the Today employer and member to embrace. We worked hard to find a partner that would support the mental health aspect of wellness and enable us to offer this for a small monthly fee that is less than many people spend on a single latte. We found that in CloudMD.”

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The new partnership will enable large chains, individual locations, or individual workers to opt-in at an attractive per-member, per-month cost, enhancing the value of being an XTM member and improving the health, wellness, and productivity of participating organizations.

Adam Kelly, EVP & Chief Commercial Officer of CloudMD, added:

“Our partnership with XTM will enable us to empower their members to lead healthier lives. We know the traditional healthcare system is strained, and through our EAP and telemedicine programs, we can offer faster time to care for both personal and medical challenges. Service industry workers face difficulty in accessing care due to their changing and irregular work shifts. There’s no need for them to spend weeks waiting for a General Practitioner (“GP”) appointment.”

Shares of XTM last traded at $0.16 per share, up +6.67% on the day. YTD, PAID stock is up +45.45%.

Learn more about XTM: Website | Investor Deck | PAID Chart

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Ryan Troup

Ryan Troup is the Editor in Chief of Wealthy VC and TCI. Ryan has 15+ years of investing experience. Twitter | Email

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