Keep in mind that KAHI owns 23% of Kaire int. From what I found out a pr from KAHI is already done and waiting for legalities. See below:
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Thursday February 25, 8:16 am Eastern Time
Company Press Release
Natural Health Trends Corp. Receives Shareholder Approval
Completes Acquisition of Kaire International Inc. Assets
NEW YORK--(BUSINESS WIRE)--February 25, 1999--Natural Health Trends Corp. (the ''Company'') (NASDAQ: NHTCC - news) announced today that following shareholder approval, the Company has completed the acquisition of substantially all of the assets of Kaire International Inc. (''Kaire''), a direct developer and distributor of a broad line of natural health products.
Kaire, which had over $25 million in sales in 1998, uses a network of over 56,000 active independent associates to distribute more than 50 natural health and beauty care products. Kaire's antioxidant line includes (1) Pycnogenol, a unique antioxidant which Kaire introduced to the U.S. in 1992 and now enjoys a world wide market of approximately $250 million, and (2) Enzogenol, the newly introduced antioxidant which Kaire believes will have a significant impact on the market. Other products include: Anti-Aging, Vital Nutrients, Immune Support, Enzymes and Digestion, Herbal Energy Tonic, Aloe Vera Products, Adoptogens, Personal Care and Topical Therapy.
Sir Brian Wolfson, Chairman of the Board of Directors of Natural Health Trends Corp., commenting on the acquisition, said, ''The Kaire acquisition allows NHTC entry into network marketing, an industry that has become one of the fastest growing channels of consumer product distribution. We believe that this acquisition will bring NHTC closer to our goal of becoming one of the leaders in the $65 billion a year natural products world wide market.''
Natural Health Trends Corp. develops and markets a variety of natural health products which are sold in such well known, national drug store chains such as Wal-Mart, Walgreens, Eckerds, Osco, Sav-on, Genovese, Arbor Drug and Long's, as well as in leading health food stores. All of the Company's products are proprietary and positioned as alternatives to traditional over-the-counter drugs.
This press release contains statements of a forward- looking nature relating to future events. Shareholders are cautioned that such statements are predictions and that actual events or results may differ significantly.
This release and prior releases are available on the KCSA Worldwide Website at www.kcsa.com.
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Contact:
Natural Health Trends Corp., New York
Joe Grace
(212) 490-6609
or
KCSA, New York
Joe Mansi/Robert Giordano
(212) 682-6300 ext. 205/289
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