Aluf Holdings Inc. to begin development of digital health device

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FT. LAUDERDALE, Fla., July 21. 12, 2022 (GLOBE NEWSWIRE) — Aluf Holdings, Inc. (“AHIX”) (“Aluf”) (OTC PINK: AHIX), a holding company headquartered in Fort Lauderdale, FL, engaged in the acquisition, operation and operating subsidiaries in the development and sale of proprietary software, bringing to market advanced technologies and business management solutions, today announced their plans to develop digital health devices. The development of the device is in collaboration with SBN Group Corp., a New York-based healthcare solutions company that focuses on tailoring healthcare solutions for individuals, businesses and healthcare providers. Health care. The main purpose of the device is to optimize the patient’s standard of living while maintaining independence, privacy and safety.

“According to SkyQuest Technology Consulting, the global digital health market is expected to reach $551 million by 2027 from $220 million in 2021, at a CAGR of 16.5%,” said Sam M. Jakobs, CEO of Aluf Holdings. “Expanding the supply of beneficial health products and services is essential to serve our aging population and those with chronic medical conditions. We look forward to joining this ever-growing industry and helping people maintain or improve their quality of life,” continues Jakobs.

About Aluf Holdings, Inc.: Aluf Holdings, Inc. is a publicly traded holding company whose core competency is to acquire, manage and propel “Next Gen” technology companies into the future. We focus on the biometrics, cybersecurity, computer vision and software/hardware verticals.

For more information, visit www.aluf.com

Safe Harbor Statement: This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 which are based on assumptions that in the future may prove to be inaccurate and are subject to important risks and uncertainties, including statements about the future performance of the company and the risks and uncertainties detailed from time to time in the reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee that these expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the Company’s ability to obtain necessary financing, retention of key personnel, timely delivery of inventory from Company suppliers, timely product development, product acceptance and the impact of competitive services. and products, in addition to general economic risks and uncertainties.

Corporate Contact:Aluf Holdings, Inc.Teresa McWilliamsChief Financial Officer866-793-1110

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Source: Aluf Holdings Inc.

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