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TechCare Announces Termination of Proposed Merger with Natur
TechCare Announces Termination of Proposed Merger with Natur.
About this update from Citrine Global Corp.
[{"type":"text","content":"\n\n\n\nTechCare Announces Termination of Proposed Merger with Natur\n\n\n\n\n\nTechCare Announces Termination of Proposed Merger with Natur\nPR Newswire\nNEW YORK, November 20, 2017\n\n\n\nNEW YORK, November 20, 2017 /PRNewswire/ --\n\nTechCare Corp. (OTCQB: TECR) (\"TechCare\"), today announced that the memorandum of understanding between TechCare and Naturalicious Holding B.V. (\"Natur\"), pursuant to which TechCare was to acquire certain assets, operations and activities of Natur was terminated by mutual agreement of the parties.\n\nFollowing an extensive examination of the proposed terms of the transaction, TechCare has decided not to proceed with the transaction and to focus on its core technology and products offerings.\n\n\"TechCare approached this transaction from a position of strength and viewed the potential combination as an accelerator of existing strategies\", noted Zvi Yemini, Chairman of TechCare. \"We remain focused on the further enhancement of our proprietary delivery platform as well as the commercialization of our innovative product offerings\".\n\nAbout TechCare \n\nTechCare is a technology company engaged in the design, development and commercialization of an innovative delivery platform utilizing vaporization of various natural compounds to enable a wide variety of treatment solutions. Scheduled for launch in Q4/2017, Novokid is a revolutionary anti-lice home treatment device that eliminates lice, super lice and eggs with a simple 10-minute treatment with no rinsing or washing required. Scientifically proven, Novokid is 100% natural and pesticide free, CE approved and FDA pending. Scheduled for launch in Q2/2018, Shine, a unique haircare treatment device, developed with industry experts, rejuvenates hair by returning its natural health, shine, body and luster by cleansing the hair and scalp, and removing residues left over from everyday impurities including pollution, oils and chemical-based haircare products. Additional products utilizing TechCare's delivery platform, are in development and slated for launch during 2018-9. Those include a dermatology treatment device and a pests-control solution.\n\nNotice Regarding Forward-Looking Statements \n\nThis communication contains certain statements that are neither reported financial results nor other historical information and other statements conc...