MIAMI, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Nature’s Best Brands, Inc. (OTCPink:HLTY) (the “Company”) announces its new business direction and its recent changed in senior management.
Until recently, the Company, through its subsidiaries, operated four restaurants that offer healthy food, coffee and juice, two in Panama and two in California. Such business has been substantially discontinued, with the Company presently operating one small restaurant in Panama.
The Company intends to negotiate a non-exclusive distribution agreement with a manufacturer of a patented and FDA-cleared medical device used for on-site non-invasive patient health screening to provide physicians and medical professionals with useful data utilized for maximizing the management of patients’ health, and upon entering into such an agreement, to market the equipment. The Company intends to market this system directly to physicians, as well as offer certain managed services on a recurring fee basis. The Company intends in the future to seek to expand its range of products to include other medical devices or services. The change of direction follows the previously announced termination of the Company’s agreement to acquire Unisource Health, Inc. as a result of breaches by Unisource of its agreement with the Company.
In line with its change in business, the Company plans to change its corporate name to PreCheck Health Services, Inc.
As previously reported, Natalia A. Lopera has resigned as an officer and sole director and appointed Lawrence Biggs and Justin E. Anderson as directors, with Mr. Biggs serving as chief executive officer and president and Mr. Anderson as chief operating officer.
Mr. Biggs was chief executive officer and a stockholder of Unisource from August 2017 until September 2018. From September 2013 to September 2015, Mr. Biggs was chief executive officer and a stockholder of Rawkin Juice, Inc. The Company acquired the assets of Rawkin Bliss LLC dba Rawkin Juice in April 2017 pursuant to an asset purchase agreement dated December 14, 2016, for the assumption of liabilities in the amount of approximately $300,000. Since October 2015, Mr. Biggs was owner and chief executive officer of Cardio Supply LLC, which sold medical devices through trade shows. Since April 2009, Mr. Biggs has been owner and chief executive officer of Nexus Ventures, which provides business and consulting services.
Mr. Anderson has been the chief executive officer and an owner of CPD Integrated Healthcare (formerly Center for Psychological Development, Inc.), which provides outpatient counseling and substance abuse treatment, psychological and neuropsychological testing, and psychiatric medication management in two states through six locations and 54 providers, since 2005, Serenity Counseling, Inc., which provides outpatient counseling and substance abuse treatment, psychological and neuropsychological testing, and psychiatric medication management, since 2010, Brothers Rods & Customs, LLC, which specializes in custom paint and body work for show vehicles and custom specialty vehicles, since 2013, and JAS Consulting, Inc., which provides full practice management, billing and coding services, and provider contracting to physicians and physician owned medical practices, since 2013. Mr. Anderson received his BA in business management from Oklahoma State University.
The Company’s website is www.naturesbestbrands.com. Information on the Company’s website or any other website does not constitute a portion of this press release.
FORWARD LOOKING STATEMENTS
Certain statements contained in this press release, including, without limitation, statements containing the words “believes,” “anticipates,” “expects” and words of similar import, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company’s actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including the Company’s ability to raise sufficient financing for operations, the Company’s ability to negotiate a distribution agreement on reasonable terms, the Company’s ability to market and sell or otherwise generate revenue from any equipment for which the Company has distribution rights, the Company’s dependence on a single manufacturer for the sole product it proposes to sell and the ability of the manufacturer to manufacture and timely deliver quality products and to address the latest technological developments, the ability of the Company to obtain marketing rights to additional products, the effects of regulatory changes and insurance company reimbursement policies; any legal action which may be commenced against the Company and its officers; changes in our business strategy or development plans, competition, business disruptions adverse publicity and international, national and local general economic and market conditions, including risks generally associated with undercapitalized start-up companies with no history of earnings in its proposed business which plans to market one product that is manufactured by a third party manufacturer with no second source . Except as required by applicable law, the Company undertakes no obligation to revise or update any of our forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof. Information on our website or any other website does not constitute a part of this press release.
Investor Relations Contact
Stuart Smith
SmallCapVoice.Com, Inc.
ssmith@smallcapvoice.com
P. 512-267-2430