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Mentor Capital Acquires 50% of Brighter Day Health For $5M |
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San Diego, CA--January 17, 2012--Mentor Capital, Inc. (OTC Markets: MNTR) announced that it has executed a
long-term funding agreement to receive a current 50% ownership in Brighter Day Health, LLC, pending their expected
shareholder approval. Brighter Day provides face-to-face doctor interaction through secure computer video set-ups
for ultra-economic health care delivery at nursing homes and similar treatment facilities. Mentor Capital is to
provide $5.0 Million in future growth funding for Brighter Day Health to continue its multi-state expansion
plan.
“Reducing the cost and inconvenience of the routine or follow-up doctor visit for often challenged cancer or other
patients is an obvious plus for all parties involved with a compromised patient,” says Mentor Capital CEO, Chester
Billingsley. Edward Mashek, the CEO of Brighter Day Health, explains, “Telemedicine is the fastest growing method
of delivering face-to-face healthcare to patients in the United States. Brighter Day Health has been an early
leader in this field and is partnering with Mentor Capital to finance our accelerated facility and video system
additions. ”
The Brighter Day Health portfolio addition brings Mentor Capital cancer and financial assets to $10 Million from
$1.0 Million in November 2011. Mentor has approximately 2.9 Million basic shares outstanding and has traded in the
quarterly range of $0.10 to $0.26 per share.
About Mentor Capital: Founded in 1985 by the current CEO, the company now targets its socially
responsible acquisitions and investments exclusively toward leading-edge cancer companies. Mr. Billingsley began
his cancer involvement in graduate school at MIT where he studied difficult to treat cancers in conjunction with
Mass General Hospital. He took Mentor Capital public in 1994, secured approval of the current $125 Million public
funding structure and is the 2009 author of the Cancer Immunotherapy Index. Mentor works to find the best of
non-profit cancer discoveries and finance their development toward a planned exit by sale to a large Pharma or by
assisting the cancer fighting company to separately go public. 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.
__________
Chet Billingsley is the CEO and Chairman of Mentor Capital, Inc. Mentor Capital, Inc. invests in leading-edge
cancer companies across all companies in its proprietary Cancer Immunotherapy Index and seeks to overweight
acquisition or stock purchase funding in those companies with the greatest promise.
Chet Billingsley, CEO
Mentor Capital, Inc.
P.O. Box 1709
Ramona, CA 92065
(760) 788-4700
(760) 788-2525 Fax
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