Mitesco Continues Rollout of Clinics in Minnesota and Colorado, Company Signs Lease for Its 9th Clinic

Mitesco, Inc.

MINNEAPOLIS, MN, May 02, 2022 (Globe NEWSWIRE) — via NewMediaWire – Mitesco, Inc. (OTCQB: MITI), an operator of principal care clinics making use of a nurse practitioner product to provide a huge selection of traditional and non-classic healthcare and wellness options, nowadays declared it has signed a lease and acquired closing developing permits for its newest The Great ClinicTM positioned in Wayzata, Minnesota.

The Wayzata facility, the company’s seventh clinic in the Twin Cities, is scheduled to open this summer season at The Promenade. This improvement positioned on the shores of Lake Minnetonka is a combined-use concept that combines upscale condominiums, retail suppliers, dining places, a lodge, and an assisted residing local community.

“In addition to the Wayzata spot, the Company’s eighth and ninth clinics are below construction in Denver, Colorado. They are all planned to open this summer. These amenities, as properly as the Company’s just lately opened fourth, fifth and sixth Minneapolis-area clinics, are envisioned to match or exceed the advancement in affected individual visits attained at The Excellent Clinic’s first a few Minneapolis-region places,” said Mitesco Chief Executive Officer Larry Diamond.

“We’re extremely fired up to continue on our swift enlargement,” said Mr. Diamond. “Our said goal is to have 50 clinics working inside of the future three years, and today’s news moves us nearer to obtaining this target. The new locations in Denver will mark our next key metropolitan marketplace, which we imagine is one particular of the quickest-expanding locations nationwide. We also hope to open destinations in Arizona and Florida in 2023 and 2024, which we count on will velocity our progress additional.”

According to Mr. Diamond, this expansion will possible be fueled by The Superior Clinic’s one of a kind nurse practitioner product, which management thinks will give Mitesco a likely 25 percent charge edge above the usual physician-staffed clinic. The Superior Clinic’s other showcased characteristics these kinds of as (1) supplying clients a 40-minute common test time (2) finding clinics at the retail level in densely populated household buildings (3) giving very same-day and next-working day appointments and (4) providing a extensive variety of the two standard and non-classic wellbeing and wellness selections, are envisioned to let Mitesco to quickly differentiate alone from its opponents and develop market share at a larger than predicted amount.

Mr. Diamond added that, about Mitesco’s pending uplisting to Nasdaq, the Enterprise has a short while ago submitted its up to date S-1/A Securities Registration Statement and definitive proxy DEF 14C detailing shareholder steps that assistance the uplisting action. This submitting involves an update of executive ownership info as of December 31, 2021, regular with the Company’s current Form 10-K submitting. The amended S-1/A and DEF 14C can be identified at: https://www.mitescoinc.com/financials/sec-filings/.

For additional details about the Enterprise, remember to go to www.mitescoinc.com, which options a Firm overview, hyperlinks to analysis, online video interviews with staff users, get hold of details, and the Company’s new 10-K filing at https://www.mitescoinc.com/financials/sec-filings/.

Mitesco’s S-1A Registration Statement is also accessible for evaluate on the SEC Edgar web-site (https://www.sec.gov/ix?doc=/Archives/edgar/info/802257/000118518522000159/miti-20210930.htm).

A latest job interview with CEO Larry Diamond: https://www.youtube.com/check out?v=PBad6A8r328&ab_channel=EmergingGrowthConference

Looking for Alpha report: https://seekingalpha.com/write-up/4499306-ipo-preview-mitesco-is-filling-the-void-in-most important-treatment

Zacks Research: https://scr.zacks.com/information/news-particulars/2022/MITI-A-great-commence-likely-into-2022/default.aspx

About Mitesco, Inc. and The Fantastic Clinic, LLC

Mitesco is making a next-era health care answer, furnishing health care expert services and know-how, to make healthcare a lot more obtainable, increased top quality, and additional cost-effective. The Mitesco workforce has in depth experience in setting up prosperous growth predicaments within the healthcare industry, making use of both of those organic and acquisition expansion methods. Mitesco embraces that when consumers’ anticipations are exceeded the small business effectiveness does so as very well. Mitesco functions and subsidiaries include things like The Fantastic Clinic, LLC (“The Good Clinic”) and Acelerar Healthcare Holdings Restricted. The Superior Clinic (www.thegoodclinic.com) is a wholly-owned subsidiary of Mitesco N.A. LLC, the holding enterprise for North American operations. The Very good Clinic is building out a network of clinics making use of the latest telehealth technological innovation with a certified nurse practitioner working as its major healthcare supplier. The government staff at The Superior Clinic includes numerous of the critical executives who introduced Moment ClinicTM (previously identified as Quickmedix) to scale, which was acquired by CVS in 2006.

Contacts:

Investor Relations
Jimmy Caplan
512-329-9505
Email: [email protected]

Media Relations
Rick Eisenberg
917-691-8934
Electronic mail: [email protected]