LadyBug Resource Group Signs Agreement to Acquire Men's Medical Corporation
2010年8月31日 - 10:00PM
LadyBug Resource Group Inc. (OTCBB:LBRG) has signed an Agreement to
acquire 100% of Men's Medical Corporation.
Terms of the agreement include changing LadyBug's corporate name
to Men's Medical Group Inc. and the completion and delivery of
Men's Medical Corporation's audited financial statements on or
before September 30, 2010, the target closing date. At the closing
LadyBug shall own 100% of Men's Medical Corporation and its assets
including the license rights. LadyBug plans to spin off its two
subsidiaries, New Solar Electricity Corporation and Inner Path
Health Corporation to the shareholders of record as of October 4,
2010.
Men's Medical Corporation holds a license for the use of certain
proprietary, personalized treatment processes for erectile
dysfunction and premature ejaculation known as The Boston Method in
the United States together with other protected marks, trade names
and patents associated with men's health and lifestyle management.
Upon consummation of the transaction, Men's Medical Corporation
intends to roll out development of strategic alliances with
Physicians nationwide to offer a full range of men's health and
lifestyle services incorporating the intellectual property.
The U.S. market for men's sexual dysfunction therapies is
expected to reach an estimated $1.72 billion by the end of
2010. Worldwide, more than 150 million men are affected by
erectile dysfunction, with an additional 35 million men per year
experiencing symptoms for the first time.
The licensed rights to be utilized by Men's Medical Corporation
include but will not be limited to those licensed to other third
party licensees to the Boston Medical brand of products and
services. The contemplated transaction does not relate in any
way to the business activity of North American Men's Health, Inc,
("NAMH"). NAMH is a third party, independent licensee to the Boston
Medical brands established in 2002, operating Boston Medical Group
clinics, in the United States.
About LadyBug Resource Group, Inc.
LadyBug Resource Group Inc. (OTCBB:LBRG), headquartered in
Kirkland, WA, acquires and licenses breakthrough technologies,
patents, patents-pending and trade secrets in the Energy, Health
and Intellectual Property sectors. For more information please
see www.LadybugRG.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains 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)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this report
reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward- looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking
statements. Readers are urged not to place undue reliance on these
forward-looking statements which speak only as of the date of this
press release. We undertake no obligation to revise or update any
forward- looking statements in order to reflect any event or
circumstance that may arise after the date of the press release.
Political and operational risks in the countries in which LadyBug
Resource Group Inc. may operate and governmental regulation and
judicial outcomes, and other risks detailed from time to time in
LadyBug's filings with the Securities and Exchange Commission,
including its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2009. Copies of each filing may be obtained from the
S.E.C. or its web site at www.sec.gov.
CONTACT: CenterPoint Communications Group, LLC
Investor Relations
Todd Lorenze
(386) 775-2020
info@centerpointcg.com
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