Fountain Healthy Aging Inc Business Update For Shareholders
December 02 2009 - 1:22PM
PR Newswire (US)
LAS ANGELES, December 2 /PRNewswire-FirstCall/ -- Fountain Healthy
Aging Inc. (OTCBB: FHAI) announced today that it would initiate a
programme of regular updates to shareholders, keeping them informed
of the significant progress which Fountain is making in the
fulfilment of its business plan, as well as to provide shareholders
with regular updates on the progress of proceedings against Dunn
Capital Partners and others. Fountain reports that it continues to
work closely with Natural Planet in integrating their businesses
and products. Formal closing of the acquisition of Natural Planet
has been postponed pending the fulfilment of the final condition to
closing, namely the finalization of audited financial statements
for Natural Planet. These statements are in preparation and are
expected to be completed shortly. The acquisition of Natural Planet
is being structured as an all share deal and no cash consideration
will be paid. Fountain already has an exclusive worldwide license
to distribute the nine Natural Planet's products that have been
specifically targeted at the anti-aging market. Eight are currently
being marketed under the Natural Planet brand, but are in the
process of being rebranded as Fountain products. The ninth,
Vitalife, has already been rebranded. All of the products to which
Fountain already has an exclusive right can be viewed at the web
page http://www.naturalplanetusa.com/ha.html The balance of the
Natural Planet products, comprising over 50 additional products,
will become available for Fountain to market after closing of the
acquisition, and some of these products will be rebranded as
Fountain products. These products can be viewed at the web page
http://www.naturalplanetusa.com/nutraceuticals.html Fountain
announces that it has recently entered into a preliminary agreement
with a distributor of its products in Japan. The Japanese
distributor is in the process of submitting the required
application for the approval of Fountain's anti-aging products in
Japan, after which full scale distribution would commence
immediately. In addition, Fountain announced that it is in active
discussions with a number of distributors in the US as well as with
2 of Natural Planet's existing distributors in the Far East outside
Japan, Dokudami Asia Co Ltd, and the Singapore based Wellness
Travel Company. Fountain anticipates that it will be in a position
to conclude some or all of these distribution contracts in time for
distribution to commence in the first quarter of 2010. Fountain
CEO, Paul Hunston, commented that he was "delighted with the
progress which had been made over the past few weeks in progressing
Fountain's ambitious business plans, which is a credit to the
Fountain and Natural Planet management teams. We remain on course
to achieve our targets, and I am looking forward to building a
solid growing company with substantial revenues through the course
of the coming year". 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. 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.
DATASOURCE: Fountain Healthy Aging Inc CONTACT: For more
information please contact: Paul Hunston, Fountain Healthy Aging
Inc, , +44-1386-882262
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