Business
Turbine Truck Engines, Inc. to Acquire Novo Healthnet Ltd.
Turbine Truck Engines, Inc. to Acquire Novo Healthnet Ltd..
About this update from Novo Integrated Sciences, Inc.
[{"type":"text","content":"\n\n\n\nTurbine Truck Engines, Inc. to Acquire Novo Healthnet Ltd.\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\nTurbine Truck Engines, Inc. to Acquire Novo Healthnet Ltd.\nPR Newswire\nBELLEVUE, Wash., Jan. 6, 2017\n\n\n\nBELLEVUE, Wash., Jan. 6, 2017 /PRNewswire/ -- Turbine Truck Engines, Inc., a Nevada corporation (OTCQB:TTEG) ('the Company\" or \"TTE\"), announces it has entered into a non-binding Letter of Intent, dated January 2, 2017, to acquire one hundred percent of the shares of Novo Healthnet Limited (\"Novo\"), a limited company incorporated under the laws of Ontario, Canada, in exchange for eighty-five percent of the equity in TTE. Novo, through its existing network of clinics and affiliates, is one of Canada's largest Ancillary Health Service providers of physiotherapy, occupational therapy, chiropractic medicine and massage therapy. Novo is represented nationally by a network of over 140 clinics staffed and administered by licensed health care professionals, as well as over 130 Long Term Care and Retirement Homes for which Novo provides rehabilitation services.\n\nA closing of the contemplated transaction is preconditioned on the negotiation and execution of definitive binding agreements which will include customary closing conditions including the completion of due diligence by the parties.  \n\nNovo's long-term growth business model is centered on efficient whole health medicine through Integrative Healthcare. Novo has recently secured (1) a business partnership with a licensed producer and distributor of medical cannabis products; and (2) exclusive distribution rights to an on-line virtual physician access system. With over 300,000 patients in Canada, Novo Healthnet Limited is ideally positioned for patient on-site activation into progressive treatment solutions. The Integrative Healthcare model will allow patients seeking diagnosis, treatment and maintenance to experience the one center solution without compromising the traditional primary care physician platform.\n\nEnzo Cirillo, TTE's Interim CEO and Board Chairman, states, \"Novo's ...