New Jersey, March 27, 2017
LTS Nutraceuticals, Inc., (OTC:LTSN) a health and wellness products holding company, (www.ltsnutraceutical.com) today announced that they have held talks with
an FDA approved nutraceutical manufacturer regarding an joint venture.
LTS Nutraceuticals representatives have held these
talks in recent weeks with representatives of the manufacturer regarding a
joint venture of their in house retail brands that are marketed in Europe,
Canada and the United States.
The talks were productive, the deal being
considered is LTS will take over the day to day operations of the manufacturers
retail brands (the manufacturers core business is wholesale) with an equal
fifty fifty ownership stake for both parties. LTS will handle all sales,
marketing and administrative requirements while the manufacturer will handle
all production and distribution from their 25,000 square foot plant located in
New York. The company also discussed acquiring up to forty nine percent of the
manufactur business and production facility.
The company will announce the joint venture
partner, product line and brands upon completion of all due diligence and
executed agreements. For additional company announcements and updates please
visit our official Twitter or Facebook accounts.
About LTS Nutraceuticals Inc.
Headquartered in Hoboken, NJ, LTS Nutraceuticals, Inc. is a
health and wellness holding company engaged in acquiring existing companies
within the sector of nutraceutical and organic products. We will also develop
our own branded products, develop brand identity; assist in arranging for
contract manufacturing, fulfillment, and marketing.
This press release does not constitute an offer of any securities for sale.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements involve
certain risks and uncertainties that could cause actual results to differ. All
forward-looking statements in this press release are based on information
available to the company as of the date hereof, and the company undertakes no
obligation to update forward-looking statements to reflect events or
circumstances occurring after the date of this press release.
Media Contact
info@ltsnutraceutical.com