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eWellness’ Institutional Investor’s Complete Conversion of Debt to Equity

Culver City, CA, Oct. 03, 2017 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation,– (OTCQB: EWLL) – a provider of the state of the art PHZIO (“PHZIO) platform for the physical therapy (“PT”) and telehealth markets, announced today that approximately $591,219 in convertible notes and interest have been converted to equity and sold into the market by EWLL Acquisition Partners, LLC and JEB Partners L.P. These conversions have significantly reduced the convertible debt outstanding. As of the date noted above there are approximately 136.3 million shares of common stock issued and outstanding.

About  eWellness

eWellness Healthcare Corporation (OTCQB: EWLL) is the first physical therapy telehealth company to offer insurance reimbursable real-time distance monitored treatments.  Our business model is to license our PHZIO platform to PT clinic in the U.S. and or have large-scale employers use our PHZIO platform as a fully PT monitored corporate wellness program. The Company’s PHZIO home PT exercise platform has been designed to disrupt the $30 billion PT and the $8 billion corporate wellness industries. PHZIO re-defines the way PT can be delivered. PHZIO is the first real-time remote monitored 1-to-many PT platform for home use. Due to the real-time patient monitoring feature, the PHZIO platform is insurance reimbursable.

The PHZIO Solution: A New PT Delivery System

            ●         SaaS technology platform solution for providers bundling rehabilitation services and employer wellness programs;
                 
            ●         First real-time remote monitored 1-to-many PT treatment platform for home use;
                 
            ●         Ability for physical therapists to observe multiple patients simultaneously in real-time;
                 
            ●         Solves what has been a structural problem and limitation in post-acute care practice growth; and
               
            ●         Allows PT practices to generate increased revenues due to higher adherence and compliance rates.

For more information on eWellness go to:

http://www.ewellnesshealth.com/
http://phzio.com/

http://prehabpt.com/

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of the Company. Specifically, since we are exposed to various risks related to our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock or acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.

For additional information on eWellness Healthcare Corporation and its PHZIO telemedicine products please contact

Mr. Darwin Fogt, CEO
1-855-470-1700

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