LOS ANGELES, Nov. 10 /CNW/ - 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
For further information: For further information: Paul Hunston, Fountain Healthy Aging Inc, firstname.lastname@example.org, +44-1386-882262