MindBeacon Signs New Service Agreement with Ontario Health

TORONTO, Sept. 10, 2021 /CNW/ - MindBeacon Holdings Inc. ("MindBeacon" or the "Company") (TSX: MBCN), a company specializing in the delivery of a comprehensive continuum of mental healthcare, using digital technologies, announces today that it has signed a new Service Agreement with Ontario Health (a Crown agency of the Government of Ontario).  The new Service Agreement is in addition to our existing agreement and is effective from September 1, 2021 through March 31, 2022 providing funding to continue delivering Therapist Assisted internet Cognitive Behaviour Therapy ("Guided iCBT Programs") support to people experiencing depression, generalized or social anxiety, stress, trauma, or other mental health challenges. These services are available to eligible individuals in the province aged 16 years or older.

"We are proud to continue providing Ontarians with mental health support through this new Service Agreement with Ontario Health" said Dan Clark, President and Chief Executive Officer of MindBeacon. "MindBeacon's Guided iCBT Program provides health equity benefits supporting Ontarians, including access for underserviced rural areas, service outside typical office hours and continued support for marginalized groups that otherwise wouldn't have access to services through benefits insurance."

Mr. Clark stated further "Every single day hundreds of people access resources from MindBeacon. Whether it's our Guided iCBT Program funded by Ontario Health, or our other supports such as Live Therapy, Messaging Therapy, Peer-to-Peer Support and self-care mental wellness content – our goal is to provide choice and meet people where they are in their journey to better mental health. Therapy looks different for each individual that interacts with us, and that's how we provide the best experience and outcomes."

ABOUT MINDBEACON HOLDINGS INC.

MindBeacon provides a continuum of mental healthcare that includes self-guided psychoeducational and wellness content, Peer-to-Peer Support, Direct Messaging Therapy, Therapist Guided Programs and Live Therapy Sessions all offered virtually through its secure and private platform. As one of the first commercially available, digitally-native platforms to offer therapist-assisted internet-based Cognitive Behavioural Therapy in Canada, MindBeacon's professional service is designed around end users – their health, their way. Working with employers, insurance carriers and government ministries, MindBeacon offers services that are accessible, available, affordable and, most importantly, proven to be effective. MindBeacon is changing the therapy landscape by making professional care available to every Canadian, no matter when, where and how they choose to access it.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimated, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as "forecast", "assumption" and other similar expressions or future or conditional terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements in this press release include, but are not limited to, statements with respect to our current and future plans, expectations and intentions with respect to the NCIB, the Company's repurchases thereunder, the timing of such repurchases and the ASPP. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in our current Management and Discussion and Analysis and Annual Information Form (each of which have been or will be filed on SEDAR and can be accessed at www.sedar.com), and the failure to realize anticipated benefits of the NCIB, that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements contained herein.

SOURCE MindBeacon Holdings Inc.

MINDBEACON CONTACT INFORMATION: Investor relations: David Galison, (p): [phone], (e): [email protected]; Media Relations: (e): [email protected]