Business
Altitude International Signs Agreement to Acquire Stem Lyft
Altitude International Signs Agreement to Acquire Stem Lyft.
About this update from Altitude International Holdings, Inc.
[{"type":"text","content":"\n\n\n\nAltitude International Signs Agreement to Acquire Stem Lyft\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAltitude International Signs Agreement to Acquire Stem Lyft\nPR Newswire\nPORT ST. LUCIE, Fla., April 13, 2021\n\n\n\nPORT ST. LUCIE, Fla., April 13, 2021 /PRNewswire/ -- Altitude International Holdings, Inc. (OTCQB: \"ALTD\") has announced the signing of a Letter of Intent with Total Lifestyle Care LLC (dba \"Stem Lyft\") through which ALTD will acquire all outstanding shares of Stem Lyft. Stem Lyft operates a \"Total Wellness Center\" in Spring, Texas and is in the process of executing an expansion program through a national franchising strategy.\nUnder the terms of the Agreement, Stem Lyft will change its name to Altitude Wellness and will operate as a wholly owned subsidiary of ALTD following the closing. Prior to the closing, Stem Lyft has also agreed to pay for the expansion of the present Stem Lyft site, including the purchase of a new ALTD Altitude Chamber, as well as funding two new fully equipped locations in Florida including all operating costs for the first 3 months. \n\"This is a very exciting deal for us for a number of reasons,\" said ALTD CEO Greg Breunich. \"Our altitude chambers will now be the centerpiece of our own chain of wellness centers and will be utilized by doctors for weight loss, physical rehab, and a variety of other applications where altitude exposure has shown measurable documented benefits. This new model will also be generating a re-occurring revenue stream for our altitude chambers, something I have been working towards since I became CEO of ALTD three months ago. Add to that a team of entrepreneurial doctors and we have ourselves a very compelling opportunity.\"\nDr. Huong Le, CEO of Stem Lyft added, \"Stem Lyft looks forward to being a big part of the ALTD family. Our team of forward-thinking doctors and staff have shown great vision and built a proven model in the holistic and medical wellness arenas focusing on the field of functional and nutritional medicine.  Stem Lyft was on...