Electromedical Technologies Clarifies Comparative Six-Month Highlights Reported in August 18, 2021 Press Release

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SCOTTSDALE, Ariz., Aug. 19, 2021 /PRNewswire/ -- Electromedical Technologies, Inc. (OTCQB: EMED) (the "Company"), a pioneer in the development and production of bioelectronic devices designed to relieve chronic, intractable and acute pains by using frequencies and electro-modulation, clarifies and corrects its previously published press release disclosing comparative results from the six months ended June 30, 2021 versus June 30, 2020.

Six Months ended June 30, 2021 Highlights
  • Revenue increased to $369,394 up from $351,625, a roughly 5% increase over the six months ended June 30, 2020.
  • Selling, General, and Administrative expenses increased by approximately $842,435, to $2,367,254, up 55% from the $1,524,819 recorded during the six months ended June 30, 2020.
  • Net loss from operations was ($2,089,192) versus ($1,255,702) during the six months ended June 30, 2020.
  • Total net loss increased to ($3,334,916), or ($0.10) per share, from ($1,291,496), or ($0.07), for the six months ended June 30, 2020.

About Electromedical Technologies

Headquartered in Scottsdale, Arizona, Electromedical Technologies, Inc. is a commercial stage, FDA cleared, bioelectronic medical device manufacturing company initially focused on the treatment of various chronic, acute, intractable, and post-operative pain conditions. Through University collaboration agreements, the Company is working to develop a comprehensive research program in defining the effects of electro-modulation on the human body. By studying the impacts of electrical fields in cell signaling and effects on virus assembly and immune responses, the Company's goal is to reduce pain and improve overall human wellbeing. The Company's current FDA cleared product indications are for chronic acute post traumatic and post-operative, intractable pain relief.  For more information, please visit www.electromedtech.com.

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Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

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Corporate Contact:
Electromedical Technologies, Inc.
Hanover International
Tel.: +1-888-880-7888
Email: [email protected]
https://electromedtech.com

SOURCE Electromedical Technologies, Inc.

Related Links

https://electromedtech.com
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