- Fountain Healthy Aging Inc
- Symbol: FHAI
- Exchange: OTCBB
LOS ANGELES, Nov. 24 /CNW/ - Following its announcement on September 30, Fountain Healthy Aging Inc. announced today that it had entered into an engagement agreement with the highly respected Canadian law firm, Heenan Blaikie who have agreed to represent Fountain, and its shareholder, Oak Resources, in the claim for damages against Dunn Capital Partners, Michael Bailey and Gowling Lafleur Henderson. The claim arises as a result of the default by Dunn Capital Partners in making payments due to the Company under the terms of an agreement entered into between the Company, Oak Resources Limited and Dunn Capital Partners dated July 29 2009.
Fountain CEO, Paul Hunston, said "over the past few weeks we have been consulting with legal counsel both in Canada and in the US about this case, and have concluded, based on the detailed advice that we have received, that the Canadian courts are the most appropriate forum for this important case to be heard. I am therefore delighted that a firm of the stature of Heenan Blaikie has agreed to represent us, and am sure that this fact alone speaks volumes as to the strength of our case. We are now looking forward to continuing to work with our lawyers to pursue justice for the company and its shareholders and we anticipate that the proceedings will be filed shortly."
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 than the lower-priced, mainstream health products market.
About Heenan Blaikie
Since its inception, Heenan Blaikie has grown progressively to over 500 lawyers and professionals in its nine offices in Quebec, Ontario, Alberta and British Columbia and, through strategic alliances, in Paris and Singapore. The firm provides sought-after expertise in business law, labour and employment law, litigation, taxation, intellectual property and entertainment law.
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, email@example.com, +44-1386-882262