Public Company Becomes Newest Entrant In Alarm Industry; NuLife Expands from Life Sciences to Life Safety

NEWPORT BEACH, Calif., Oct. 08, 2018 (GLOBE NEWSWIRE) -- NuLife Sciences, Inc. (OTCQB: “NULF”) announced today that it has successfully closed its previously announced merger with two Louisiana-based electronic security companies, effectively “paving the way” for the Company’s planned expansion into the rapidly growing life safety and security industry.

According to Chairman Sean C. Clarke, the Company has merged with LJR Security Services, Inc. (“LJR Security”), and its wholly-owned subsidiary, Gulf West Security Network, Inc. (“Gulf West”), both headquartered in Lafayette, LA. LJR Security and Gulf West were founded, owned and operated by long-term alarm industry veteran Louis J. Resweber.

“While this is a major development for NuLife, I modestly believe that this transaction can be also seen as a notable event in regards to the overall alarm industry,” explained Resweber. “Indeed, with the completion of this merger, there is now a new publicly-owned and stock-traded company actively entering the life safety and electronic security sector.”

“With NuLife having traditionally focused on bio-medical and health care technologies, I believe the Company’s recent decision to expand from ‘life sciences’ to ‘life safety’ will prove to be an appropriate and synergistic ‘next step’ in the ongoing evolution of this organization,” said Resweber, who spent the majority of his 35-year career in the alarm industry, and who has been asked by the Board of Directors to assume a senior management role in the combined companies.

Pursuant to the Merger Agreement, a wholly-owned subsidiary of NuLife Sciences, Inc. (“the Company” or “NuLife”) has merged with LJR Security.  An independent audit of the combined LJR and Gulf West has been completed, and a Form 8-K has been filed with the U.S. Securities & Exchange Commission (“SEC”), outlining full details of the merger.

• Strategic Decision:

Eight weeks ago (on August 9, 2018), the Board of Directors of NuLife announced its strategic decision to pursue new lines of business by entering into a merger agreement with LJR Security, which is active in the hands-on engineering, design, sales, installation, service, inspection and remote monitoring of residential and commercial alarm systems.

Meanwhile, its wholly-owned subsidiary, Gulf West, is focused on the development and expansion of a proprietary alliance of independently-branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, systems integrators, structured wiring professionals and electrical contractors. 

Through LJR and Gulf West, the Company plans to focus on expanding its footprint in the life safety and electronic security industry which, according to IBIS World (Los Angeles, CA), is a rapidly-growing (but highly-fragmented) sector comprised of more than 14,000 individual enterprises (including many small “mom-and-pop” businesses) across the United States which are collectively generating over $22 billion in annualized revenues; and which are simultaneously experiencing both expansion (new business starts) as well as increasing consolidation (mergers and acquisitions).

Market research consultants Stratistics MRC (Gaithersburg MD) sets the bar higher, expecting the residential (home alarm) sector of the market to grow at a compounded annual growth rate of 8.9% to more than $57 billion by 2022.

•     About LJR Security Services, Inc.:

LJR Security currently provides engineering, design, sales, installation, service, inspection and remote electronic monitoring of residential and commercial security alarm systems primarily in Lafayette, Baton Rouge and New Orleans, LA, the three largest metro markets in the State of Louisiana.  For more information on LJR, please visit:  www.ljrsecurity.com.

•     About Gulf West Security Network, Inc.:

Gulf West Security Network is actively engaged in development and expansion of its proprietary coalition of independently-branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, systems integrators, structured wiring professionals and electrical contractors.  Gulf West is a wholly-owned subsidiary of LJR Security.   For more information on Gulf West Security Network, please visit:  www.gulfwestsecurity.com.

•     About NuLife Sciences, Inc.:

NuLife Sciences, Inc. has traditionally been a biomedical and technology (development stage) firm focused on the development of innovative and life-saving organ transplant research; and also on the development of on-line websites related to the employment market.  The Company has, in the past, sought to acquire and / or merge with other technology companies, with a focus on saving and enhancing lives.  The Company has previously focused on advancing human organ transplant technology and medical research with a patent protected unique proprietary method ("NuLife Technique") that could potentially eliminate the need for an organ or tissue match and the necessity for anti-rejection drugs.  In an attempt to meet the massive need for organ transplants (with over 123,000 candidates waiting for a human organ in the U.S. alone), NuLife's versatile technique could prove to be suitable for a variety of clinical indications. The Company has completed discovery phase for its technique and has subsequently entering a Preclinical phase involving animal experiments on its pathway to commercialization. NuLife Sciences will also provide an online marketplace and community to assist in creating jobs and enable entrepreneurs and service providers to offer health related products and services within local markets.  Initially incorporated as SmooFi, Inc. in 2012, it converted to NuLife Sciences in 2016.  For more information on the Company, please visit:  www.nulifesciences.us.

•     Safe Harbor Disclosure:

This News Release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the Company's control. The Company's actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth below and elsewhere in this News Release. All statements, other than statements of historical facts, included in this News Release regarding the consummation of the proposed Merger, the timing of the same, the actual performance, timing and commercial viability of therapies under development, as well as statements regarding growth strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. When used in this News Release, the words "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this News Release. The Company undertakes no obligation to update any forward-looking statements or other information contained herein. Potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations suggested by the forward-looking statements included in this News Release are reasonable, including the Merger, and the time currently expected to close the Merger, the Company cannot assure potential investors that these plans, intentions or expectations will be achieved. The Company discloses important factors that could cause its actual results to differ materially from its expectations under "Risk Factors" in its most recent Annual Report on Form 10-K for the Fiscal Year-Ended September 30, 2017, and elsewhere in this News Release. These cautionary statements qualify all forward-looking statements attributable to the Company or to persons acting on its behalf.  For additional information regarding the Merger and the Merger Agreement, please see the Company’s Current Report on Form 8-K, to be filed with the U.S. Securities & Exchange Commission (the “SEC”) substantially simultaneously with the date of the release of this News Release, and for additional information regarding the Company, please see the filings made by the Company with the SEC available on the SEC’s website at www.sec.gov.