Business
Altitude International Signs Letter Of Intent To Acquire Breunich Holdings Subsidiaries
Altitude International Signs Letter Of Intent To Acquire Breunich Holdings Subsidiaries.
About this update from Altitude International Holdings, Inc.
[{"type":"text","content":"\n\n\n\nAltitude International Signs Letter Of Intent To Acquire Breunich Holdings Subsidiaries\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 Letter Of Intent To Acquire Breunich Holdings Subsidiaries\nPR Newswire\nPORT ST. LUCIE, Fla., Jan. 19, 2021\n\n\n\nPORT ST. LUCIE, Fla., Jan. 19, 2021 /PRNewswire/ -- Altitude International Holdings, Inc. (OTCQB: \"ALTD\") has signed a Letter of Intent to acquire Breunich Holdings, Inc (\"BHI\"), and its wholly-owned Subsidiaries had unaudited revenues over $6 mil in 2019, most of which are generated by its sports academies in Port St. Lucie and North Miami Beach. BHI is currently controlled by its Founder and CEO, Greg Breunich, recently named CEO and Chairman of ALTD.\nBHI's sports academies are tuition-based pre-college learning centers that combine the highest athletic training and academic development level. At age 20, Breunich created the Bollettieri Sports Academy business model known as IMG Academies. IMG Academies became the worldwide gold standard for training, educating, and building highly marketable superstar champion athletes. \nBHI is currently experiencing significant growth in its soccer operations and is pursuing a soccer club acquisition strategy. The Company has made five recent synergistic acquisitions, ITA-USA Enterprise LLC d.b.a. Club Med Academies, CMA Soccer LLC, North Miami Beach Academy LLC Six Log Cleaning and Sanitizing LLC, and Trident Water LLC, which are positioned for substantial growth well into the future. The sale of ALTD's simulated altitude chambers will be an important ongoing part of Breunich's new business model. He plans to introduce simulated altitude chambers to his Academies' regimen for athlete training, injury prevention, and program development. \n\"I believe BHI is at the same expansion breakout point as IMG was when we achieved unparalleled levels of growth in this market,\" said Breunich. \"I cannot think of a better company for us than ALTD, whose synergies complement our athletic performance. \"Our access to funds in the public market should be mu...