So........just who is this "Healthspan" company?????
Not you average BB company! These guys mean serious business!
APPI is on it's way!
( BW)(HEALTHSPAN-INC)(HSPN) HealthSpan Announces $10 Million Private
Placement Agreement
Business Editors
HERMOSA BEACH, Calif.--(BUSINESS WIRE)--Sept. 23, 1997--
To Provide Working Capital For Nutriceuticals And Vitamin Business
HealthSpan Inc. (OTC:HSPN) Tuesday announced that it has entered
into an agreement for the private placement of two million shares
of HealthSpan Common Stock with Holze International Investment
("Holze"), Monaco.
The net proceeds of the offering will be $10 million, to be used
for working capital purposes. The transaction is subject to an
ongoing due diligence by Holze; the closing is scheduled within
60 days.
HealthSpan has indicated that funds from this equity private
placement, in conjunction with funds from a receivables factoring
agreement recently executed with Rosenthal and Rosenthal of New
York, are anticipated to adequately support HealthSpan's expected
sales over the next three years.
HealthSpan Inc. is engaged in the research, development,
production and distribution of nutriceuticals and vitamin products.
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( BW)(HEALTHSPAN/HEALTH-ONE)(HSPN) HealthSpan Inc. Acquires Stock of
Health One Corporation of Brooklyn, N.Y.
Business/Health Editors
HERMOSA BEACH, Calif.--(BUSINESS WIRE)--May 13, 1998--HealthSpan
Inc. (OTC: HSPN) has acquired all stock and assets of Health One Corp.
of Brooklyn, N.Y. in exchange for 187,500 shares of HealthSpan common
stock valued at $8 per share. The assets include the Health One(TM)
Trademarks and Brands, custom packaging molds and formulations for
natural vitamins, minerals, nutritional supplements, herbal beverages
and other healthy food products.
Health One Corp. is a primary packager and formulator of Herbal
Nutraceuticals and Beverages. The Health One(TM) line consists of
whole herbs, herbal beverages, standardized extracts and complex
herbal formulas.
HealthSpan, Inc. is in the business of production and
distribution of Nutraceuticals and natural vitamin products. |
