Business
Novo Integrated Sciences Completes Asset Purchase of Executive Fitness Leaders
Novo Integrated Sciences Completes Asset Purchase of Executive Fitness Leaders.
About this update from Novo Integrated Sciences, Inc.
[{"type":"text","content":"\n\n BELLEVUE, Wash., Dec. 06, 2017 (GLOBE NEWSWIRE) -- Novo Integrated Sciences, Inc. (OTCQB:NVOS) (“Novo Integrated Sciences”) today announced that it has completed the purchase of certain assets of Executive Fitness Leaders (“EFL”), an Ottawa, Ontario based local leader in the private personal training sector.\n EFL, founded by Denis Giacobbi and Colin Peden in 2003, provides personal training, massage therapy, nutritional counseling and corporate wellness services. Messrs. Giacobbi and Peden, operating under a new management agreement with Novo Healthnet Limited, Novo Integrated Sciences’ wholly owned subsidiary (“NHL”), will continue to manage the facility’s day-to-day operations and will work closely with Novo Healthnet Limited’s leadership to expand EFL’s current menu of services and products to include certain physiotherapy, rehabilitation, assessment and gait analysis services and products currently offered by Back-on-Track through its multiple Ottawa locations. Chris David, Novo Integrated Sciences’ President, stated, “This transaction is an important milestone in Novo Integrated Sciences’ business strategy that includes growth through strategic acquisitions within in the Canadian and U.S. health, wellness and fitness sector, and the subsequent introduction of customized components of our multi-disciplinary primary healthcare services and products that directly compliment services and products already provided to the existing customer base of the acquired asset.” Amanda Dalcourt, NHL’s CEO, stated, “We are very pleased to welcome Denis and Colin to our corporate family. EFL is a well-respected brand in the Ottawa community and we are very proud to work together with Denis and Colin to co-brand Executive Fitness Leaders and Back-on-Track.” About Novo Integrated Sciences, Inc. and Novo Healthnet Limited Effective May 9, 2017, Novo Integrated Sciences, Inc. (“Novo Integrated Sciences”) (formerly known as Turbine Truck Engines, Inc., an alternative-energy technology development enterprise) closed a Share Exchange Agreement with the shareholders of Novo Healthnet Limited (“NHL”), an Ontario province Canada corporation, making Novo a wholly-owned foreign subsidiary of Novo Integrated Sciences. Novo In...