Effective JULY 2, 2014
IDNG - NEW COMPANY NAME
NEW CEO AND NEW DIRECTORS
INDEPENDENCE HEALTH CORP.
A MEDICAL DEVICE COMPANY
Cease Trade Order
Cease Trade Order ¶ 1 Independence Energy Corp. (Independence) is a Nevada corporation that is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted on the U.S. Over-the-Counter Markets
Independence Energy Corp.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
Independence Energy Corp. is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, "IDNG", and within the OTCQB market tier. As such, Business, Operational, and Financial information on IDNG is fully transparent and available to public view.
Visit: http://www.otcmarkets.com/stock/IDNG/company-info to see complete details.
Independence Energy Corp. is Active on the Nevada Secretary of State site:
Independence Energy Announces Name Change, FDA Clearance
And U.S. Launch Of Non-Contact Thermometer
Independence Energy Corp.
Jul 2, 2014 9:25 AM
SEAL BEACH, Calif., July 2, 2014 /PRNewswire-iReach/ -- (OTC BB: IDNG)– Independence Energy Corp. ("Independence") announced today that its Thermofinder FS-700 Pro and FS-700 (retail version) non-contact infrared thermometer has received U.S. Food and Drug Administration ("FDA") clearance and is launching immediately its distribution in the United States. The FS-700 is currently being sold in Asian and European markets for both professional and retail markets. Independence has the exclusive distribution rights in North, Central and South America.
"We believe the FS-700 is superior to similar devices currently available in the market," said Howard Taylor, Independence Chairman and Chief Executive Officer. "The Thermofinder's exceptional accuracy coupled with consistent reliability and intelligent design, make it easy to use and understand. We believe these attributes will translate into mass market appeal," continued Taylor. Benefits of the FS-700 also include no cross contamination, ergonomic (one handed) operation, left or right hand use, attractive pricing, easier to use than oral or ear thermometers, built in memory and operates silently. The FS-700 is the first of several medical devices Independence expects to launch.
The Company is currently in production and awaiting delivery of units following the successful fulfillment and deployment of the sales team and has already begun the placement of additional units to satisfy follow-up orders.
The Company's manufacturing partners produce a broad range of high quality medical device products for use in the professional and home environment. The thermometry products as well the other products are FDA cleared and carry the CE certification with many other worldwide licenses.
The sales team is a proven group of medical device and supply professionals; with specific successful history in the professional and retail sales of next generation thermometry products.
From 8-K April 2nd:
Asset Purchase Agreement with American Medical Distributors, LLC
On March 31, 2014, Independence Energy Corp. (“we”, “us”,“our”) entered into and closed an Asset Purchase Agreement (the “Agreement”) dated for reference March 31, 2014 with American Medical Distributors, LLC (“AMD”). Pursuant to the agreement we have acquired from AMD all right, title and interest of AMD in and to a certain distribution contract (the “HuBDIC Agreement”) dated November 27, 2013 with HuBDIC Co. Ltd. (“HuBDIC”), a Korea corporation, pursuant to which AMD has been granted the exclusive right to distribute in the Americas certain professional and consumer grade non-touch thermometers known as the FS700 Pro and FS-700 (retail version), and any future versions.
The material terms of the HuBDIC Agreement are as follows: (a) term of 5 years from November 7, 2013; (b) subject to FDA approval of the HuBDIC products, which is anticipated, we are required to purchase a minimum of 3,000 product units for re-sale during year 1 of the distribution period, 8,000 during year 2, and 15,000 during each subsequent year; (c) a $10,000 distribution fee paid to HuBDIC by AMD will be credited toward the first product order; and (d) the deposit is refundable to us at our election, and we may terminate the HuBDIC Agreement in the event FDA approval is not granted by April 26, 2014. The maximum HuBDIC may charge IEC for the product is $19.99 per unit.
THIS ASSET PURCHASE AGREEMENT (this " Agreement ") made as of March 31, 2014 (the " Effective Date "), by and between American Medical Distributors, LLC, an New York limited liability company, with an address at 265 Sunrise Highway, Ste. 62, Rockville Centre, New York 11570 (“ AMD ”), and Independence Energy Corp., a Nevada corporation, with an address at 3020 Old Ranch Parkway, Ste 300, Seal Beach CA 90740 (“ IEC ”).
1. An 8-K disclosing AMD's financials is anticipated to come out based on the 8-K on April 2nd.
This "Asset Purchase Agreemtent" looks more like a reverse merger. Read it and draw your own conclusion.
2. Through the AMD distribution contract, IDNG is to buy a minumum of 56,000 devices.
3. These divices retail at $130. That means IDNG stands to gross $7,280,000 and make a net 550.3% gain on money spent.
There is a lot more to this filing, read it and see.
Incorporated In: Nevada in 2012
Holladay Stock Transfer
2939 N. 67th Place
Scottsdale, AZ 85251
Independence Health Corp.
3020 Old Ranch Parkway
Seal Beach, CA 90740