VERO BEACH, FL – (NewMediaWire) – May 16, 2024 – Mitesco, Inc. (OTC:MITI, the Company, www.mitescoinc.com ) right this moment introduced it is going to type a brand new subsidiary whose mission can be to develop a enterprise centered round extremely safe knowledge middle operations with an software deal with infrastructure associated options.

Mack Leath, Chairman of the Board of Directors, mentioned the brand new enterprise growth exercise. It is obvious that knowledge middle demand is much exceeding provide, and that would imply a wonderful opening for us to handle the chance with new choices. Beyond typical knowledge middle choices, we’ve chosen to deal with an atmosphere that gives the best degree of cybersecurity, and to deal with functions addressing the necessity to design, monitor and handle infrastructure. These areas have obtained vital consideration worldwide for the necessity to securely monitor operational necessities by their lifecycle.

The Company famous the next trade perception:

1) It was lately reported by Statista that as of 2023, the common value of an information breach within the United States amounted to $9.48 million U.S. {dollars}, up from $9.44 million U.S. {dollars} within the earlier yr. The world common value per knowledge breach was $4.45 million in U.S. {dollars} in 2023. (Link to the total article is right here: https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/#:~:text=As%20of%202023%2C%20the%20average,dollars%20in%20the%20previous%20year )

2) In 2023, three in 4 corporations within the United States have been liable to a fabric cyberattack, based on chief info safety officers (CISO). Their issues are primarily based on the truth that the variety of cyberattacks has been step by step growing in recent times, amounting to 480 thousand in 2022. Thus, cybercrime stays one of many major dangers that corporations within the United States face. Cyberattacks, if profitable, might need severe penalties, the primary one being monetary injury. According to the forecast, in 2024, cybercrime will value the U.S. greater than 452 billion U.S. {dollars}. However, monetary losses should not what firm leaders are largely involved about however quite reputational injury. (hyperlink to full article right here: https://www.statista.com/topics/1731/smb-and-cyber-crime/#topicOverview )

Mr. Leath additionally introduced the addition of a brand new particular person liable for constructing the enterprise unit, Driving the brand new enterprise effort can be Ms. Betsy Berlin, a veteran government with a profitable monitor file as a options advisor and achieved gross sales chief with expertise in nationwide accounts, together with a variety of functions inside a multi-team presentation course of. Her expertise consists of cloud options like SaaS and AI with a number of industries, together with Telecom, IT, Energy, and Finance. She has additionally labored within the infrastructure enviornment growing relationships with key gamers within the architectural, engineering and development (AEC) market, all of that are key to the infrastructure market.

Ms. Berlin, age 63, has a Bachelor of Business Administration diploma from the University of Cincinnati, 1983, and has additionally participated in Executive Leadership programs from Cornell University. She is predicated in Denver, Colorado and can be main the group of Advisors in Seattle, Washington – Westport, Connecticut Atlanta, Georgia – Orlando, Florida and Vero Beach, Florida.

Leath closed by saying We thank our shareholders for his or her continued help and stay up for growing operations with the potential for development and returns to all our investor base.

About Mitesco, Inc.

Mitesco ( www.mitescoinc.com ) is searching for to construct a growth-oriented firm, offering merchandise, providers and expertise to make accessible, greater high quality, and extra reasonably priced options. The Mitesco group has expertise in each start-ups and turnarounds intent on constructing profitable development conditions, utilizing each natural and acquisition development methods. Mitesco embraces the assumption that when shoppers’ expectations are exceeded, the enterprise efficiency might accomplish that as effectively.

Contact:

Mitesco Investor Relations

Jimmy Caplan

jimmycaplan@me.com

512.329.9505

Mitesco Media Relations

Rick Eisenberg

eiscom@msn.com

917-691-8934

Forward-Looking Statements

This press launch comprises forward-looking statements, together with, however not restricted to, statements associated to the anticipated foreclosures of a number of of our clinics. Words reminiscent of expects, anticipates, goals, initiatives, intends, plans, believes, estimates, seeks, assumes, might, ought to, may, would, foresees, forecasts, predicts, targets, commitments, and variations of such phrases and comparable expressions are supposed to determine such forward-looking statements. We warning you that the foregoing might not embody all of the forward-looking statements made on this press launch.

These forward-looking statements are primarily based on the Companys present plans, assumptions, beliefs, and expectations. Forward-looking statements are topic to the prevalence of many occasions outdoors of the Companys management. Actual outcomes and the timing of occasions might differ materially from these contemplated by such forward-looking statements as a consequence of quite a few components that contain substantial recognized and unknown dangers and uncertainties. These dangers and uncertainties embody, amongst different issues, the flexibility to acquire extra financing; the chance that commenced and threatened litigation might lead to materials judgments in opposition to the Company; and different dangers and uncertainties included within the Companys studies on Forms 10-Ok, 10-Q, and 8-Ok and in different filings the Company makes with the Securities and Exchange Commission every now and then, accessible at www.sec.gov

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