Mentor Capital Telemedicine Investee Projects $1.0 Million Profit
SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTC Markets: MNTR) announced that its portfolio company, Brighter Day Health, LLC, after a period of aggressive growth, reports it is ahead of budget and turning the corner to profitable operation. Brighter Day projects a before-tax profit of $1.0 Million for the next full fiscal year and $400,000 profit for the remainder of 2013. This positions the company for a planned 2015 exit seeking to match the market typical multiple of 12x-17x.
"If Brighter Day Health, LLC is able to continue to execute its plans, Mentor Capital, Inc. may collect approximately 450% on their investment or a 65% annualized rate of return," concludes Mentor CEO, Chester Billingsley. "There is always risk, but under the current government influenced medical climate, companies like Brighter Day Health that facilitate the reduction of health care costs, have fared quite well."
Brighter Day provides direct face-to-face doctor interaction through secure computer video set-ups for ultra-economic health care delivery and was an early leader in this field. Mentor Capital provides growth funding for Brighter Day Health to continue its multi-state expansion plan.
About Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to invest in leading companies that reduce the cost of medical treatments especially in the fight against cancer. The company has approximately 4.2 Million basic shares outstanding and has traded in the quarterly range of $0.11 to $0.33 per share. Additional important information is presented at: www.MentorCapital.com
Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.
Mentor Capital, Inc.
Chester Billingsley, CEO
KEYWORDS: United States North America California
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