Integrative Health Technologies, Inc. (IHTI) Updates April 2007 Progress Report
2007年7月31日 - 9:29AM
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This release updates Integrative Health Technologies� (Pink Sheets:
IHTI) first quarter progress report issued on April 17, 2007 with
activities for the quarter ending June 30, 2007. An expanded
version of some of these activities is, or will be, posted in the
�Press Room� of the Company�s website (www.ihtglobal.com). 1.
Completed the fifth successive positive cash flow and profitable
quarter. 2. Increased its assets from $9,223,117 at the end of the
first quarter to an estimated $9,423,117 by the end of the second
quarter of 2007. There was no change in the Company�s liabilities.
3. No additional shares were issued nor did the Company obtain any
loans during this quarter. 4. After 12 months of progressive
increases in sales, AlgaeCal International, a portfolio company in
which IHTI holds an 8% ownership, had an almost 5-fold monthly
increase in sales volume in the June 2007. 5. IHTI�s clinical trial
of the AlgaeCal Bone-health Program reveals positive increases in
bone-health, particularly among adolescents and post-menopausal
women. An in-depth �Q & A� interview with IHTI�s CEO about the
study will available before the end of the week on the Company�s
website, www.ihtglobal.com, under the �Press Room� icon. 6. IHTI
announces the opening of its third research branch. The new branch
is in Angelton, Texas, south of Houston and will be directed by
Larry Parker, MD, a Fellow of the American college of Obstetrics
and Gynecology. IHTI has completed installation of an FDA-approved
bone-densitometer (DEXA unit) to provide bone density and body
composition testing of Dr. Parker�s patients as well to
participants in IHTI clinical trials and R & D studies. A
description of the initial study to be conducted at the branch will
be provided in a subsequent press release. Forward-Looking
Statement: Management makes forward-looking public statements
concerning its expected future operations, performance and other
developments. These are our best judgment estimates based upon
current information, but involve risks and uncertainties. There are
no assurances that other factors will not affect the accuracy of
these statements since it is impossible to identify all relevant
factors that could affect actual results. They include, but are not
limited to, government regulation, managing and maintaining growth,
effects of adverse publicity, litigation, competition and other
factors.
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