Amesite's NurseMagic App Gains Traction with Healthcare Companies and Users

Amesite Launches NurseMagic™ Pilot Programs with Five Healthcare Companies By Investing.com

DETROIT, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today the launch of pilot programs in five (5) home health agencies and skilled nursing facilities across the U.S. Collectively, these companies and their franchisees have over 30,000 employees, ranging in professions from clinical officers, CMPs, CNSs, NPs, RNs, Pediatric RNs, PTs, OTs, LVNs/LPNs, CNAs, NAs, Home Care Nurses, HHAs and caregivers. NurseMagic™'s five pilot customers provide skilled nursing, hospice care services and home healthcare. The largest of the represented segments, home healthcare, is an enormous and growing sector projected to grow from $100 billion to over $176 billion by the year 2032. In 2023, home health care employed about 3.9 million U.S. workers. This workforce is growing at an impressive annual rate of 21%. Collectively, estimated wages for this workforce are in excess of $130 Billion / year. As of 2021, there were about 15,000 skilled nursing facilities and 11,000 home health agencies in the U.S. Amesite Founder and CEO, Dr. Ann Marie Sastry, said, We anticipate very significant quarter to quarter revenue increases with NurseMagic™. For less than 2% of the cost of wages, our technology can make this entire workforce at least 30% more productive, while simultaneously improving the quality of patient care. Considering the total wages in this sector are approximately $130 Billion annually, we view the revenue potential for Amesite to be significant. Sastry continued, We also believe that our customers' risk will be reduced because of the quality and accuracy of the app in delivering requisite documentation and other guidance. Because of the efficiency of our systems, we believe that we can do so at highly attractive margins that enable sustained growth. The need for NurseMagic™ is acute with high turnover, staffing shortages and unmet needs in home health care. We are addressing market pain directly with our proprietary technology. VP of Sales, Brandon Owens, said, The legitimacy and excellent performance of the app underpins our early success with these enterprise engagements, along with years of experience working in the very challenging academic sector. Our proprietary technology uses only qualified data sources and has demonstrated speed, accuracy and reliability. Feedback from customers has been extremely positive, and organizations have been eager to work with us once they see the capabilities. Corporate Operations and Marketing Manager, Madison Bush, said, The strongly positive response of nurse influencers has helped us build a social media following of over 20,000 in just a few months and has enabled us to dramatically expand our user base. We are thrilled that the response from enterprise customers, who can bring us many thousands of users with each successive agreement, has been similarly enthusiastic. We are extremely excited to build our outreach and relationships at a much larger scale, leveraging the fast progress we have demonstrated with our B2C marketing. In just 8 weeks since the public launch of the app, NurseMagic™ built usership across all fifty (50) U.S. states and six (6) nations. Weeks earlier, the company announced NurseMagic™ technology had achieved 93% accuracy in answering model NCLEX questions. A short video explaining the app's capabilities can be found at www.nursemagic.ai. About Amesite Inc. Amesite Inc. (Nasdaq: AMST) is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company's mobile healthcare app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents. Forward Looking Statements This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as may, will, should, would, expect, plan, believe, intend, look forward, and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. https://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm#:~:text=Employment%20of%20home%20health%20and,on%20average%2C%20over%20the%20decade https://www.statista.com/statistics/195317/number-of-medicare-skilled-nursing-facilities-in-the-us/ https://www.statista.com/statistics/195318/number-of-medicare-home-health-agencies-in-the-us/ https://www.fortunebusinessinsights.com/u-s-home-healthcare-services-market-105568

Amesite Launches NurseMagic™ Pilot Programs with Five Healthcare Companies - Amesite (NASDAQ:AMST)

DETROIT, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. AMST, a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today the launch of pilot programs in five (5) home health agencies and skilled nursing facilities across the U.S. Collectively, these companies and their franchisees have over 30,000 employees, ranging in professions from clinical officers, CMPs, CNSs, NPs, RNs, Pediatric RNs, PTs, OTs, LVNs/LPNs, CNAs, NAs, Home Care Nurses, HHAs and caregivers. NurseMagic™'s five pilot customers provide skilled nursing, hospice care services and home healthcare. The largest of the represented segments, home healthcare, is an enormous and growing sector projected to grow from $100 billion to over $176 billion by the year 2032. In 2023, home health care employed about 3.9 million U.S. workers. This workforce is growing at an impressive annual rate of 21%. Collectively, estimated wages for this workforce are in excess of $130 Billion / year. As of 2021, there were about 15,000 skilled nursing facilities and 11,000 home health agencies in the U.S. Amesite Founder and CEO, Dr. Ann Marie Sastry, said, "We anticipate very significant quarter to quarter revenue increases with NurseMagic™. For less than 2% of the cost of wages, our technology can make this entire workforce at least 30% more productive, while simultaneously improving the quality of patient care. Considering the total wages in this sector are approximately $130 Billion annually, we view the revenue potential for Amesite to be significant." Sastry continued, "We also believe that our customers' risk will be reduced because of the quality and accuracy of the app in delivering requisite documentation and other guidance. Because of the efficiency of our systems, we believe that we can do so at highly attractive margins that enable sustained growth. The need for NurseMagic™ is acute with high turnover, staffing shortages and unmet needs in home health care. We are addressing market pain directly with our proprietary technology." VP of Sales, Brandon Owens, said, "The legitimacy and excellent performance of the app underpins our early success with these enterprise engagements, along with years of experience working in the very challenging academic sector. Our proprietary technology uses only qualified data sources and has demonstrated speed, accuracy and reliability. Feedback from customers has been extremely positive, and organizations have been eager to work with us once they see the capabilities." Corporate Operations and Marketing Manager, Madison Bush, said, "The strongly positive response of nurse influencers has helped us build a social media following of over 20,000 in just a few months and has enabled us to dramatically expand our user base. We are thrilled that the response from enterprise customers, who can bring us many thousands of users with each successive agreement, has been similarly enthusiastic. We are extremely excited to build our outreach and relationships at a much larger scale, leveraging the fast progress we have demonstrated with our B2C marketing." In just 8 weeks since the public launch of the app, NurseMagic™ built usership across all fifty (50) U.S. states and six (6) nations. Weeks earlier, the company announced NurseMagic™ technology had achieved 93% accuracy in answering model NCLEX questions. A short video explaining the app's capabilities can be found at www.nursemagic.ai. About Amesite Inc. Amesite Inc. AMST is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company's mobile healthcare app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents. This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Investor Relations Contact: MJ Clyburn TraDigital IR [email protected] SOURCES https://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm#:~:text=Employment%20of%20home%20health%20and,on%20average%2C%20over%20the%20decade https://www.statista.com/statistics/195317/number-of-medicare-skilled-nursing-facilities-in-the-us/ https://www.statista.com/statistics/195318/number-of-medicare-home-health-agencies-in-the-us/ https://www.fortunebusinessinsights.com/u-s-home-healthcare-services-market-105568 https://www.bls.gov/oes/current/oes311120.htm Market News and Data brought to you by Benzinga APIs

Amesite's NurseMagic™ App Sees 27% Increase in Users; App Charts at #33 in App Store - Amesite (NASDAQ:AMST)

Influencer Nurse Hailey Touts NurseMagic™, Demonstrating Utility in Answering Technical Questions, Reducing Nurses' Stress, Improving Documentation DETROIT, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. AMST, a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced a 27% increase in users following release of social media videos (TikTok and Instagram) created through its engagement with influencer Nurse Hailey. Nurse Hailey has over 510,000 followers on her social media channels. Amesite also announced the debut of NurseMagic™ in the app store, charting at #33 in the medical category for free tools. The latest posts follow other releases through engagement with other prominent influencers, including Paige Slayton (900,000 followers), who explained NurseMagic™'s ability to dramatically improve charting and documentation, and Nurse Cynesse (530,000 followers), who delivered advice on how to write behavioral notes in seconds, with no prior instruction or experience. Madison Bush, Corporate Operations and Marketing Manager, said, "The 27% increase in users following the most recent social post demonstrates both the incredible impact of influencers voicing the capabilities of NurseMagic™, and the power of the app itself. Charting for the first time after only a few weeks in the app store is incredibly exciting and validates the utility of NurseMagic™ as a mobile tool for a wide variety of healthcare professionals." CEO Dr. Ann Marie Sastry said, "We already knew that NurseMagic™ would be useful to the 5.2 million nurses in the U.S., given that this large, essential profession had no AI-powered, direct support. We now know that NurseMagic™ is incredibly useful to an even wider audience, including home health care (with over 3.9 million professionals) and other segments. The market reception to our proprietary technology has been incredibly positive and we look forward to moving into enterprise relationships, in addition to growing our B2C user base." Recently, Amesite announced that NurseMagic™ had garnered users from all fifty (50) U.S. states and six (6) nations, within only eight (8) weeks of its public launch on June 5, following a period of availability as a gated beta product. Previously, Amesite reported 93% accuracy of NurseMagic™ app in answering NCLEX model questions. A short video explaining the app's capabilities can be found at www.nursemagic.ai. Connect with us on social media for the latest updates: Instagram: https://www.instagram.com/nursemagicai/TikTok: https://www.tiktok.com/@nursemagicaiFacebook: https://www.facebook.com/nursemagicaiLinkedIn: https://www.linkedin.com/company/nursemagicai/Twitter: https://twitter.com/NurseMagicAI About Amesite Inc. Amesite Inc. AMST is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company's recently launched mobile app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents. This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Investor Relations Contact: MJ Clyburn TraDigital IR [email protected] SOURCES: https://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm#:~:text=Employment%20of%20home%20health%20and,on%20average%2C%20over%20the%20decade. Market News and Data brought to you by Benzinga APIs

Amesite's NurseMagic™ App Sees 27% Increase in Users; App Charts at #33 in App Store

Influencer Nurse Hailey Touts NurseMagic™, Demonstrating Utility in Answering Technical Questions, Reducing Nurses' Stress, Improving Documentation , (GLOBE NEWSWIRE) -- (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced a 27% increase in users following release of social media videos (TikTok and Instagram) created through its engagement with influencer Nurse Hailey. Nurse Hailey has over 510,000 followers on her social media channels. also announced the debut of NurseMagic™ in the app store, charting at #33 in the medical category for free tools. The latest posts follow other releases through engagement with other prominent influencers, including (900,000 followers), who explained NurseMagic™'s ability to dramatically improve charting and documentation, and Nurse Cynesse (530,000 followers), who delivered advice on how to write behavioral notes in seconds, with no prior instruction or experience. , Corporate Operations and Marketing Manager, said, "The 27% increase in users following the most recent social post demonstrates both the incredible impact of influencers voicing the capabilities of NurseMagic™, and the power of the app itself. Charting for the first time after only a few weeks in the app store is incredibly exciting and validates the utility of NurseMagic™ as a mobile tool for a wide variety of healthcare professionals." CEO Dr. said, "We already knew that NurseMagic™ would be useful to the 5.2 million nurses in the , given that this large, essential profession had no AI-powered, direct support. We now know that NurseMagic™ is incredibly useful to an even wider audience, including home health care (with over 3.9 million professionals) and other segments. The market reception to our proprietary technology has been incredibly positive and we look forward to moving into enterprise relationships, in addition to growing our B2C user base." Recently, announced that NurseMagic™ had garnered users from all fifty (50) states and six (6) nations, within only eight (8) weeks of its public launch on , following a period of availability as a gated beta product. Previously, reported 93% accuracy of NurseMagic™ app in answering NCLEX model questions. A short video explaining the app's capabilities can be found at www.nursemagic.ai. Connect with us on social media for the latest updates: About (Nasdaq: AMST) is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company's recently launched mobile app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents. Forward Looking Statements This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the . Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. https://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm#:~:text=Employment%20of%20home%20health%20and,on%20average%2C%20over%20the%20decade.

Amesite's NurseMagic app sees user growth, ranks in app store By Investing.com

DETROIT - Amesite Inc. (NASDAQ: AMST), an AI technology company, has reported a 27% surge in user numbers for its NurseMagic™ application, following a series of social media promotions by influencers in the nursing field. The company, known for its B2C and B2B AI-driven solutions, witnessed this increase after influencer Nurse Hailey, who has an audience of over 510,000, shared content about the app on platforms like TikTok and Instagram. The NurseMagic™ app, which assists healthcare professionals with technical questions, stress reduction, and improving documentation, has recently entered the app store and is currently ranked #33 in the medical category for free tools. This milestone comes just weeks after the app's public launch on June 5 and subsequent user adoption from all 50 U.S. states and six nations. Madison Bush, Corporate Operations and Marketing Manager at Amesite, expressed excitement about the app's charting and user growth, attributing it to the app's utility and the influencers' impact. CEO Dr. Ann Marie Sastry emphasized the app's broad appeal beyond the 5.2 million U.S. nurses, extending to over 3.9 million home healthcare professionals and other segments. The company has also highlighted the app's 93% accuracy rate in answering NCLEX model questions, a standard for nursing licensure exams. Amesite aims to expand into enterprise relationships while continuing to grow its B2C user base. Amesite's portfolio includes other AI-driven applications such as Preacto™ (beta), a personal safety app providing real-time emergency alerts and guidance. This report is based on a press release statement from Amesite Inc. The company continues to develop and market AI solutions that address individual and professional needs, with a focus on enhancing efficiency and knowledge in various fields. In other recent news, Amesite Inc., an artificial intelligence software company, has reported significant developments in its offerings. The company's NurseMagic™ app, designed to enhance training for nursing professionals, has seen rapid user growth with approximately 1,200 individuals registering within the first week of its launch. This AI-driven app features functionalities for various types of documentation, training, and learning, catering to a wide range of nursing professionals. In addition, Amesite has continued its partnership with the EWIE Group of Companies for the third year, providing AI-enhanced enterprise upskilling through its cloud-based learning platform. This collaboration includes 189 active courses, indicating a growing demand for AI learning solutions. The company has also secured a five-year partnership with Volunteer State Community College, offering non-degree AI and technical training programs. This collaboration is expected to contribute to workforce development in a region with growing technical demands. Furthermore, Amesite has plans to expand into the B2C AI app market beyond its traditional education tech SaaS offerings, with future apps including a Public Safety app focusing on active shooter response training. These are among the recent developments for Amesite, highlighting its strategic expansion and commitment to providing AI solutions across various sectors. Amesite Inc. (NASDAQ: AMST) has shown promising user engagement with its NurseMagic™ application, as indicated by the recent surge in user numbers. The company's strategic use of social media influencers has positively impacted its visibility and user acquisition. In light of this development, potential investors and stakeholders might be interested in the company's financial health and market performance. According to InvestingPro data, Amesite currently holds a market capitalization of $5.42 million. Despite facing challenges such as a significant revenue decline of 70.21% over the last twelve months as of Q3 2024, the company's gross profit margin remains at 100%, suggesting that while revenue has fallen, the cost of goods sold has been minimal. InvestingPro Tips highlight that Amesite holds more cash than debt on its balance sheet, which is a positive sign for liquidity and financial stability. Furthermore, analysts anticipate sales growth in the current year, which could potentially signal a turnaround for the company. However, it's important to note that Amesite is quickly burning through cash and has been trading with high price volatility. The stock has experienced a significant downturn over the last month, with a 16.09% decline in its price total return. For those considering an investment in Amesite, it is worth noting that the company is a niche player in the AI technology industry and does not pay a dividend to shareholders. Additionally, Amesite's stock has fared poorly over the last decade, with a notable price drop over the last three months. The InvestingPro platform offers additional insights, with a total of 14 InvestingPro Tips available for Amesite, which can be found at https://www.investing.com/pro/AMST. With the next earnings date slated for September 17, 2024, investors and analysts will be closely watching Amesite's performance to gauge whether the recent user growth can translate into sustainable financial improvement and a positive impact on the company's valuation, which is currently implied to be at a poor free cash flow yield.