pHEnvironmental Inc Signs Letter of Intent to Acquire Patented BioTech TechnologyCompany
AlpharettaGA, - pH Environmental Inc. (PINK: RTCI) (the "Company") is pleasedto report it signed a Letter of Intent with TNI BioTech, Inc. (“TNI”). TNI wasformed for the sole purpose of acquiring the patents and research of Dr.Nicholas P. Plotnikoff. For years, Dr.Plotnikoff has specialized in research activities directed toward the study ofcytokines which are hormones naturally produced by the immune system. Theprimary cytokine under study is methionine encephalin (“MEK”). TNI hasdeveloped and patented MEK as a treatment for cancer, AIDS, and other infectiousdiseases. TNI acquired all of Dr. Plotnikoff’s patents in March 2012.
TheCompany intends to commercialize the MEK product and make it available as atreatment for cancer, AIDS and other infectious diseases.
Aspart of the above-contemplated transaction, pH Environmental Inc, has agreed tochange the name of the Company from pH Environmental Inc to TNI BioTech, Inc.,and will issue a Six Percent (6%) divided to the existing shareholders of pH EnvironmentalInc as of April 23, 2012.
Ms.Griffin, the current Sole Officer and Director of pH Environmental Inc willresign her positions but will continue providing consulting services to the Company. The new Officers and Board of Directors ofTNI BioTech, Inc., will assume their roles upon closing.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS:This press release includes various "forward-looking statements"within the meaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934, as amended, whichrepresent the Company’s expectations or beliefs concerning future events.Statements containing expressions such as “believes,” “anticipates,” “intends,”or “expects,” used in the Company's press releases and in Disclosure Statementsand Reports filed with the Over The Counter Markets through the OTC Disclosureand News Service are intended to identify forward-looking statements. Allforward-looking statements involve risks and uncertainties. Although theCompany believes its expectations are based upon reasonable assumptions withinthe bounds of its knowledge of its business and operations, there can be noassurances that actual results will not differ materially from expectedresults. The Company cautions that these and similar statements included inthis report are further qualified by important factors that could cause actualresults to differ materially from those in the forward-looking statements.Readers are cautioned not to place undue reliance on forward-lookingstatements, which speak only as of the date thereof. The Company undertakes noobligation to publicly release any revisions to such forward-looking statementsto reflect events or circumstances after the date hereof.
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