GWS Production AB - Rethinking Care becomes largest shareholder in Carefindy

Rethinking Care becomes largest shareholder in Carefindy

Newsdesk 19/1 07:00

Rethinking Care Sweden AB immediately becomes the largest shareholder in Carefindy AB; a recently started subsidiary, owned by GWS Production AB.

In January 2016, GWS Production AB (GWS) announced the development of an app service, containing a database with positioned, quality rated hospitals from all over the world. The new service, CareFindy, is part of the wholly owned subsidiary Carefindy AB (Carefindy). GWS now transfers 65% of Carefindy shares to Rethinking Care Sweden AB (Rethinking Care), who intends to develop the concept within the course of their business.

Rethinking Care delivers a holistic, service-based concept within health and care. Through GWS?s transfer of shares, Rethinking Care will take on the responsibility as the majority owner regarding future funding, and the development of the CareFindy concept. Rethinking Care guarantees a minimum of SEK 1 million in cash conditional shareholder contribution to Carefindy, of which SEK 250,000 at the time of the transfer of shares, and SEK 750,000 during the year. The shares are transferred for a price of SEK 1 and GWS is entitled to reclaim the shares at a cost of SEK 1, should Rethinking Care not fulfill the financing guarantee. After the transaction Rethinking Care will hence own 65% and GWS the remaining 35% of the stocks in Carefindy. The app service, CareFindy, offers navigation to the nearest hospital in the event of an incident or an accident, based on the user?s location.

GWS holds a number of patents and innovations, and a new strategy is to move those outside the core business to subsidiaries. The aim of this strategy is to place them in the right environment for them to evolve and grow.

Andreas Rodman, CEO, GWS comments:

?Given Carefindy?s focus on offering better healthcare from easily accessed information about quality graded hospitals, we find Rethinking Care is the right context for the business and service to develop in. GWS remains minority owners, while Rethinking Care will have the main responsibility of developing and expanding the business within Carefindy.?

Through Carefindy, Rethinking Care strengthens their service portfolio with valuable data and information about hospitals and healthcare facilities worldwide.

Mattias Johansson, CEO Friskare på jobbet, the corporate health of Rethinking Care, comments:

?We have several natural distribution channels for the services offered by Carefindy within corporate health, as well as companies with frequently travelling employees, via our cooperation with insurance companies and insurance brokers. I find that the services of Carefindy are an important addition within health and security.?

About GWS Production AB and Safeture

GWS, (Global Warning System) was founded in 2009, triggered by the experience of the global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a personal security mobile app, Safeture. The app protects travelers through real-time tracking and provides valuable real-time information about disasters, and other threats that could impact you while you?re abroad. The system consists of a range of services that are delivered via the traveler?s mobile phone, and is suitable for both businesses (Safeture Pro), and for private individuals (Safeture).

The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Advisor.

For additional information, visit www.globalwarningsystem.com or contact GWS CEO Andreas Rodman: +46 (0) 708 - 10 13 16 or via

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