GWEST Corporation Assures the Public of Change Strategy

  • GWEST Corporation has sought to assure investors that the company will continue as a going concern after the auditor’s report expressed concern surrounding same.
  • In the audited financial released earlier this year, the company reported increased revenues however expenses also increased drastically as well.
  • The main hindrance to growth has been the facility’s inability to accept insurance cards because of a lack of accreditation of the lab by the Ministry of Health.   
  • The company has however highlighted that it has since undertaken the following measures to revamp business: Restructuring of operations as a cost-cutting measure;  Sale of office space upon closure ; Debt restructuring and additional financing to continue expansion plans

 (Source: GWEST Corporation)