Carebook's CoreHealth Expands Partnership with Belgium Based AG Health Partner, Offering Well-Being Solutions for Over 555,000 Additional Members

MONTREAL, July 19, 2023 /PRNewswire/ -- Carebook Technologies Inc. ("Carebook" or the "Company") (TSXV: CRBK) (OTCPK: CRBKF) (XFRA: PMM1) a leading Canadian provider of innovative digital health solutions is pleased to announce that CoreHealth, its wholly owned subsidiary, has expanded its partnership with AG Health Partner ("AGHP"), a renowned provider of holistic well-being solutions in Belgium. CoreHealth and AGHP have significantly extended the scope of their existing license agreement, now reaching an additional 555,000 eligible members, most of whom are employees working for clients of AG Insurance, AGHP's parent company and market leader in Belgium.

AG Health Partner continues to enhance its well-being offerings, prioritizing prevention, and mental health support with the release of their mental well-being platform "My Mind". In addition to other products and services as part of parent company AG's Healthcare ecosystem, "My Mind" will address the growing prevalence of mental well-being concerns in workforce populations.

AGHP will deliver its enhanced well-being solutions through its long-standing partner CoreHealth. CoreHealth has rapidly established itself as a leading provider of innovative technology solutions that seamlessly connect employees and member populations to their well-being programs. Employees gain access to personalized health information, educational materials, interactive tools, and engaging challenges that foster positive lifestyle changes. CoreHealth's market leading customization capabilities ensure that organizations can create unique well-being initiatives and programming to meet the specific needs of their employee populations, ultimately driving long-term success and employee satisfaction.

CoreHealth's platform-as-a-service technology will connect AGHP's member populations to AGHP's health and wellness solutions so members can make educated health and well-being decisions. The expanded license agreement between CoreHealth and AGHP is a testament to the successful partnership between the two organizations.

"We are delighted to expand our collaboration with AG Health Partner and support their commitment to providing engaging well-being solutions," comments Michael Peters, Carebook's CEO. "Together, we will continue to support AGHP's clientele, helping their members build unique well-being solutions that inspire their employees and help them realize improved health and performance."

"Through our long-standing partnership with CoreHealth, we are able to provide our clients with the most dynamic and comprehensive corporate well-being solutions, encompassing mental, physical, and social well-being" comments Ellen De Vleeschouwer, General Manager at AGHP. "Expanding our license agreement signifies our commitment to enhancing the overall well-being of our clients and their employees, ensuring a healthier and more productive workforce."

The partnership marks an exciting milestone in their shared commitment to making an impact on the well-being landscape, ensuring a healthier and more engaged workforce for their clients.

AG Health Partner supports businesses by helping them define, plan and implement their corporate wellbeing vision. Based on our Wellbeing-as-a-Service motto, we enable futureproof HR policies through audits, personal action plans, tailor-made wellbeing programmes and unique digital tools to promote them. Surrounded by best-in-class technology and partners, our approach is both holistic and personalised as we address the physical, mental and social aspects of wellbeing while keeping in mind that the balance is different for everyone.

Founded in 2019, AG Health Partner is part of AG Servicing, a subsidiary of AG, the leader in the Belgian insurance market. For more information, visit www.aghealthpartner.be.

Carebook's digital health platform empowers its clients and more than 3.5 million members to take control of their health journey. During 2021, the Company completed the acquisitions of InfoTech Inc., a global leader in health and productivity risk management, and CoreHealth Technologies Inc. ("CoreHealth"), owner of an industry-leading wellness platform. In combination, these companies create a comprehensive digital health platform that includes both assessment tools and the technology to deliver complementary solutions. Carebook's shares trade on the TSXV under the symbol "CRBK," on the OTC Markets under the symbol "CRBKF," and are listed on the Open Market of the Frankfurt Stock Exchange under the symbol "PMM1." For more information, visit www.carebook.com.

For further information contact:

Carebook Investor Relations Contact:
Olivier Giner, CFO
Email: ir@carebook.com
Telephone: (450) 977-0709

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Notice regarding forward-looking statements:

This release includes forward-looking information and forward-looking statements within the meaning of Canadian securities laws regarding Carebook, its subsidiaries and their business. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Carebook and are based on assumptions and subject to risks and uncertainties. Although the management of Carebook believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and undue reliance should not be placed on such forward-looking statements. The forward-looking statements reflect the Company's current views with respect to future events based on currently available information and are inherently subject to risks and uncertainties. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including economic factors, management's ability to manage and to operate the business of Carebook, management's ability to identify attractive M&A opportunities, management's ability to successfully integrate the Company's completed acquisitions and to realize the synergies of such acquisitions, management's ability to successfully complete product studies, the equity markets generally and risks associated with growth and competition, management's ability to achieve profitability for the Company, as well as the risk factors identified in the Company's management's discussion and analysis for the year ended December 31, 2022, a copy of which can be found on SEDAR under the Company's profile at www.sedar.com. Although Carebook has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Carebook does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.