Business
AllStar Health Brands Inc, (ALST) Announces Signed Letter of Intent for Purchase of Revenue-Producing Acquisition
AllStar Health Brands Inc, (ALST) Announces Signed Letter of Intent for Purchase of Revenue-Producing Acquisition.
About this update from Allstar Health Brands, Inc.
[{"type":"text","content":"\n\n\n\nAllStar Health Brands Inc, (ALST) Announces Signed Letter of Intent for Purchase of Revenue-Producing Acquisition\n\n\n\n\n\nAllStar Health Brands Inc, (ALST) Announces Signed Letter of Intent for Purchase of Revenue-Producing Acquisition\nPR Newswire\nAVENTURA, Florida, January 9, 2018\n\n\n\nAVENTURA, Florida, January 9, 2018 /PRNewswire/ --\n\nAllStar Health Brands Inc. (OTC Markets: ALST) a specialty pharmaceutical and nutritional supplements company is pleased to announce Management has finalized the terms for the acquisition of a revenue-producing natural health products and supplements distribution business based out of South Florida. Final Due Diligence has begun and this acquisition is expected to close over the next 30-60 days.\n\nA definitive Agreement based on the terms of the negotiated LOI (Letter of Intent) shall be executed upon completion of Due Diligence.\n\n\"AllStar is extremely pleased with this pending acquisition, and with the LOI in place, AllStar is already moving forward in planning efficiencies of scale between the two companies. Our goal is to reduce costs and increase both revenues and profit margins over the coming months, aided by the addition of higher-margin product offerings and new distribution channels,\" quoted Dr. Daniel Bagi CEO of AllStar. \"Further product additions are already planned to add to the product line currently in place, helping fuel the expected sales growth.\"\n\nAbout AllStar Health Brands Inc.: \n\nAllStar Health Brands Inc. is a Nevada Corporation established in 2017, and headquartered in Aventura, Florida. AllStar is a specialty Health Care Products Company dedicated to improving health and quality of life by offering select, nutritional supplements over the counter remedies and medicines all across the Americas and Europe. AllStar's goal is to bring additional products to the market and provide new, innovative options for better health.  \n\nFor more information, please contact Investor Relations at (786) 631 7477.\n\nSafe Harbor Statement \n\nStatements about the Company's future expectations and all other statements in this press release other than historical facts, are \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in ...