eWELLNESS HEALTHCARE Corp (OTCMKTS:EWLL) Is A Rewarding Exposure

In our last report on eWELLNESS HEALTHCARE Corp (OTCMKTS:EWLL), provider of telehealth solutions, we said that its product seems innovative and the market had commenced to track the company. In July, when our coverage was released, the company signed a contract with a big US healthcare provider with $384 billion in annual premiums. We noted that the company's announcements should be followed closely.What happened?After trading around the $0.10 share price level for the last three months, the share price took off recently. In a few days, it went up to touch the $0.18 mark. Thus, some market participants should have obtained close to 80% stock returns.The volume, which is a good indicator of market interest, picked up as well. More than one million shares changed hands some days. Have a look: 2 months chart for EWLLWhat has happened recently?The company released a 5-year comprehensive physical therapy services agreement with Endeavor Plus Services, Inc., which is a healthcare plan administrator. The company noted that $4.2 million in annual recurring gross revenue can be expected from this contract, which made the share price jump. We will provide more details in this article.Let's revisit briefly the company's business model for those who are not familiar with the company. EWLL provides distance monitored physical therapy programs to the patients suffering from health issues, such as pre-diabetic, cardiac, and other health issues. The PHZIO platform is used to provide these services:

SourceRecent DevelopmentsOn August 2, 2017, the company released that it anticipates adding artificial intelligence tools and predictive analytics into its PHZIO platform by the end of 2017. The current remote monitoring capabilities will be combined with machine learning and intelligent analytics. The new tools are expected to help obtain large amount of data that will improve healthcare outcomes. Some of the AI tools noted in the press release are the following:

• Conversational voice activated patient questionnaires
• Omni-channel customer support
• Insurance claims handling

The market did not really react to the announcement. We believe that market participants prefer to see how the technology helps collect revenues. In our opinion, we will be able to see the changes in the next financial reports.On August 8, 2017, it was released that eWellness' Telehealth PT Services were going to be provided at its four clinical locations in Los Angeles, which include Culver City, Playa Vista, Beverly Hills, and Brentwood. We believe that the news is very significant and the revenues will be again increased. Furthermore, we believe that the market is still waiting to see the new revenues created in the next quarterly releases. On the top of it, on August 9, 2017, more good announcements followed. The company had agreed in an integration and marketing agreement with Total Motion Release Seminars ("TMR"). TMR is a "full-body oriented assessment and treatment approach which helps patients reduce their pain and impairments which are limiting their function."We believe that the synergies between both organizations will be large. PHZIO will be offered to TMR subscribers, thus the company is expected to gain awareness. Total Motion Release method is provided to over 4,000 physical therapy clinicians around the world. Furthermore, TMR will be able to use the technology developed by the company. It is quite an interesting agreement. Darwin Fogt, CEO of eWellness, was quoted:

"We are extremely excited to engage with the popular TMR approach and to create an integration with our PHZIO telehealth platform. The TMR solution is ideal for a telehealth application and we think there will be a wide adoption of this physical therapy technique among patients and practitioners alike." Source

On October 3, 2017, the company highlighted that $591,219 in convertible notes and interest have been converted to equity by EWLL Acquisition Partners, LLC and JEB Partners L.P. We appreciate the debt conversion, as the financial risk was reduced. Additionally, we believe that the company will be able to offset stock dilution if it continues to grow.For those interested, the company noted that there are approximately 136.3 million shares of common stock outstanding.Finally, on October 19, 2017, the most remarkable announcement was released. It noted the signing of a 5 year agreement with Endeavor Plus Services, Inc. ("EPS"), a fast growing healthcare plan administrator. We believe that the most outstanding were that Endeavor "projects having approximately 100,000 healthcare members by the beginning of 2018." Most importantly, the new agreement will generate initially up to $4.2 million in annual recurring gross revenue for the company. As said, market participants only care about financial figures. This press release contained the expected results of the agreement, thus the market pushed up the share price.That was not all. The future of Endeavor Plus Services, Inc. seems to be very interesting. Read the following:

"Additionally, if EPS is able to continue on their projected growth rate over the next 12-18 months that could generate at least 500,000 new members, which in turn could generate at least $100 million in recurring gross annual revenue to eWellness." Source

ConclusionCurrently trading with a market cap of $24 million, EWLL is an exciting story among small caps. We believe there's a lot more room for growth and expect shareholders to be rewarded over the long run.Be sure to check out our coverage on EWLL!We will be updating our subscribers as soon as we know more. For the latest updates on EWLL, sign up below!Image courtesy of Michael Havens via FlickrDisclosure: We have no position in EWLL and have not been compensated for this article.