Fountain Healthy Aging Inc Business Update For Shareholders
By Fountain Healthy Aging Inc, PRNETuesday, December 1, 2009
LOS ANGELES, December 2 - 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 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 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.
For more information please contact: Paul Hunston, Fountain Healthy Aging Inc, paul.hunston at athertonhealth.com, +44-1386-882262
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