Fountain Healthy Aging Inc Announces Closing of Agreement to Acquire Natural Planet USA
FHAIE | Quote | Chart | News | PowerRating -- Following
its announcement on September 14, Fountain Healthy Aging Inc. announced today
that it had agreed to a formal closing date of November 20, 2009 for its
acquisition of the entire issued stock of Natural Planet USA Inc, a
California based developer and distributor of a range of specialist
nutraceutical and cosmoceutical products. The acquisition, which is being
funded as an all stock transaction, will result in an additional 8,000,000
restricted shares of common stock in the stock of Fountain being issued to
the present shareholders of Natural Planet at closing.
Fountain CEO, Paul Hunston, said "the past few weeks have been a very
testing time for Fountain and its shareholders. However, as I have said
previously, we will not let other issues distract us from our business goals
and this acquisition, which gives Fountain an extensive and highly
synergistic pipeline of unique products, as well as a number of important
distribution relationships which Natural Planet has established around the
world, is a crucial step towards the achievement of our goal to develop
Fountain into the leading global player within the anti-aging industry, and
will be the base for a number of important announcements for Fountain in the
coming weeks."
About Fountain Healthy Aging
Fountain Healthy Aging is a company specifically focussed in the anti
aging industry, which is one of the quickest growing industry sectors
worldwide. We have a range of products targeted at the anti aging market,
including our revolutionary flagship product Vitalife, which we believe is
ready to make a massive impact in the anti-aging industry. We recognize the
importance of the anti-aging sector, an emerging dynamic within the overall
health and wellness revolution. We believe that we are uniquely positioned to
capitalize on this rapidly growing trend first with our unique flagship
product, rapidly followed into the market by our other products which have
been specifically developed for this market. Fountain Healthy Aging's main
focus is on the specialty, premium product category, which is a growing
segment of the market that provides gross margins significantly higher that
the lower-priced, mainstream health products market.
About Natural Planet
Natural Planet USA is a California based developer and distributor of
specialist nutraceutical and cosmoceutical products both in the US and across
a range of international markets. Natural Planet USA has combined advanced
science and proactive research and development, with its philosophy of
pursuing a natural approach to greater health and an enhanced quality of
life. It offers a unique range of over 50 scientifically developed and
researched nutritional and beauty products all of which have been developed
based on Natural Planets goal to make people feel better, look better, live
longer ... naturally!
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results from
new products or actions in development are forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information may
contain statements that involve risk and uncertainties and are subject to
change at any time, the company's actual results may differ materially from
expected results.
SOURCE Fountain Healthy Aging Inc
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