Pickens Group Makes Equity Investment in LCS Golf
WEST PALM BEACH, Fla., Apr 2, 2002 (BW HealthWire) -- Pickens makes investment in LCS Golf (OTC:LCSG).
Pickens Group has purchased 2,000,000 shares of restricted 144 stock for $1,000,000. LCSG will use the proceeds from the equity investment to complete the acquisition of T-19 Incorporated.
Michael O. Pickens, son of T. Boone Pickens and CEO of Pickens Group, said "T-19 is a very exciting acquisition for LCS Golf, and I am very pleased to be part of this transaction. Dr. Michael Mitchell and his team are great to work with and I look forward to an extremely successful expansion of T-19." The Pickens Group invests debt/equity capital in private/public companies and manages the group of M3 hedge funds.
T-19 Inc., will become a wholly owned subsidiary of LCS Golf Inc.
T-19 holds U.S. (http://patft.uspto.gov/netacgi/tubercin) and Foreign patents along with worldwide distribution rights for T-19. (http://www.T-19.com) T-19 is a Nasal Spray comprised of a natural compound called Tubercin (www.tubercin.com). The T-19 Nasal Spray will be marketed worldwide, as an immune stimulant, through traditional retail distribution networks. T-19 may enhance the human immune system and help improve overall health. T-19 is natural and has no known adverse side effects.
Mike Pickens and Dr. Michael D. Mitchell will be working together with LCS to insure the successful future of T-19 Incorporated.
LCS Golf CEO Michael D. Mitchell M.D. stated, "It gives me great satisfaction that the Pickens group believes as strongly as I do in this merger between LCS Golf and T-19 Incorporated (Tubercin). I look forward to working with Mike Pickens and the Pickens Group.
T-19 (Tubercin) is a neutraceuticle product, it is ingested as a nasal spray and helps support a healthy immune system.
The Pickens Group LLC has been very successful in presenting companies to the financial community and this unique opportunity gives LCS Golf, (OTC:LCSG) not only a strong investor but also a very strong circle of influence to open doors as we launch our products," said Dr. Michael Mitchell, CEO of LCS Golf.
Dr. Ronald Shinn, president and CEO of T-19 Incorporation, comments, "With the addition of the Pickens Group we are now a well rounded company and we will be able to move product to market and build a successful company."
CONTACT: T-19 Incorporated, Honolulu Eric Schopfer, 866/523-5800
. |
