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The info for this one seems a bit sketchy.. though there could still be some action once it gets rolling, just have to wait and see.
Then there is that Mark Valentine connection that's outlined in today's stockpatrol article.
Perhaps that would be more aptly spelled as:
".....BUNDY & SLUSH, PC....."
_____division of_____
Dewey, Scruem & Howe, LLP
Hold on to your socks, ....shirts may be assumed as MIA already.
.
now bondy & schloss from IFTP are the lawyers for JSHT. http://www.stockpatrol.com/schlock/doghouse/joshua.html
There is apparently a giant "...WATCHOUT..." with regard to this company.
It seems to have been taken over by the old "...INFOTOPIA..." scam gang:
http://www.bobz.com/cgi-bin/ceilidh.cgi/hotstocktips/?C398a3c2bd00A-4499-953-30.htm
Joshua Tree Construction, Inc. Discloses Material Terms and Conditions of Transaction to Acquire All of the Outstanding Stock of American Health and Diet Centers, Inc.
CANFIELD, Ohio, Mar 25, 2002 (BUSINESS WIRE) -- Joshua Tree Construction, Inc. (OTCBB:JSHT) and American Health and Diet Centers, Inc., a New Jersey corporation, disclosed in a joint statement today the material terms and conditions of the transaction whereby Joshua Tree purchased 100 percent of the outstanding common stock of American Health, which will be maintained as a wholly-owned subsidiary of Joshua Tree.
This transaction was previously announced in a press release by Joshua Tree on February 13, 2002.
American Health, which sells vitamins and other nutriceuticals, operates 21 kiosks in shopping malls in the eastern United States, under the name "Nutritionary." Joshua Tree is a Nevada corporation that had no active business, having discontinued its construction business.
Joshua Tree agreed to pay $3 million, in the form of 7% two-year promissory notes, and warrants to purchase an aggregate of 2.2 million shares of Joshua Tree's common stock at an exercise price of $0.25 per share, to the pre-transaction shareholders of American Health. The promissory notes and certain other obligations are subject to security agreements in favor of American Health's pre-transaction shareholders, whereby Joshua Tree and American Health pledged all of their assets as security for the notes and certain obligations; in addition, Joshua Tree pledged the shares of American Health it acquired as further security for the promissory notes and certain other obligations.
Joshua Tree and American Health also reached agreements relating to the provision of working capital by Joshua Tree to American Health after the acquisition, the pay-down by Joshua Tree of American Health's outstanding bank debt to Hudson United Bank in the amount of $3.35 million and the pay-down by Joshua Tree of American Health's outstanding payable to Vitaquest International, Inc., a supplier, in the amount of $1.8 million.
Joshua Tree, through American Health, also entered into an exclusive manufacturing agreement for its vitamin and nutriceutical needs with Vitaquest International, an entity affiliated with Keith Frankel, one of the former shareholders of American Health.
Mr. Frankel will initially appoint three of the five members of the board of directors of Joshua Tree. He will also receive 3,500,000 vested options to purchase shares of the common stock of Joshua Tree, at $0.25 per share, in consideration of consulting services that he has performed, and will be providing, to Joshua Tree.
Joshua Tree expects, in the near future to change its names to "Nutritionary, Inc.," and is obligated under the stock purchase agreement to file a registration statement with the United States Securities and Exchange Commission to register the shares of common stock underlying the warrants and options being issued to the former shareholders of American Health.
Copies of the Stock Purchase Agreement and certain related material documents shall be filed with the United States Securities and Exchange Commission in due course as required by law. These agreements will contain the full and complete terms relating to the transaction.
ABOUT AMERICAN HEALTH AND DIET CENTERS/NUTRITIONARY
The American Health and Diet Centers, dba Nutritionary, was established in 1979 as "The Vitamin Healthcenters" and is a multi-channel marketer of high quality nutritional and natural health products. It is committed to being the best provider of quality products, information and services in the nutritional supplement, health and self-care market. More information is available at www.nutritionary.com.
CONTACT: CEOcast, Inc. for American Health & Diet Centers Mathew Henderson, 212/732-4300
Joshua Tree, dba Nutritionary, Announces the Release of Three Weight Loss Products
CANFIELD, Ohio, Mar 25, 2002 (BUSINESS WIRE) -- Joshua Tree (OTCBB:JSHT) dba Nutritionary, Inc. announces that its wholly-owned subsidiary, American Health & Diet Centers ("AHDC"), has released three new weight loss products and the upcoming release of additional complementary products in time for the spring and summer diet seasons.
Most recently launched are three weight loss products specifically designed according to body shape and size. For those who tend to gain weight in the upper body, American Health & Diet Centers has released Aprinex(TM), which is designed to help increase fat sensitivity to the nervous system. It supports reducing the build up of fat in the upper body while helping increase the wasting of fat stores while increasing the body's metabolism. In addition, Aprinex(TM) helps reduce the amount of free fatty acids in the blood so that less fat is absorbed.
If weight gain is all in the lower body creating a pear-like shape and weight loss tends to be in the upper body, AHDC has formulated Luprinex(TM). Studies have shown that lower body fat is affected by estrogen. Fat cells affected by estrogen tend to absorb more fat and release less fat than those not affected by estrogen, therefore holding more fat in unwanted lower body fat.
Luprinex(TM) was designed to prevent estrogen from affecting lower body fat cells so that more lower body weight can be burned. It also helps to increase the fat's sensitivity to the nervous system so that more fat is burned.
For those who need to lose 20 pounds or more, Glutarex(TM) may be the answer. Studies have shown that once the body has gained a certain level of fat, it stores fat faster and does not respond to the body's signals to burn fat. And, to make matters worse, the body's metabolism slows and energy drops so that it's nearly impossible to lose weight.
Glutarex(TM) works by helping the body increase its ability to burn calories, slow the process of converting calories to fat, increase fat mobilization, increase the overall metabolic rate and helps rid the body of immature fat cells before they mature and become bloated with fat.
All three products are derived from natural herbs and beneficial vitamins and have already entered the top 10 list of American Health & Diet Center's fastest selling products.
AHDC soon will release two other products that will complement these newest weight loss solutions. Xenotropin(TM) is a safe, effective and proprietary blend of amino acids, HGH and IGF-1 precursor nutrients that promote the body's natural release of vital human growth factors to help optimize lean tissue to body fat ration, maximize physical performance and rejuvenate aging cells. It contains recombinant human growth hormone or growth factors in a homeopathic formulation.
Research shows that the body produces specific growth factors that are vital to the optimum ratio of lean tissue to body fat, enhanced physical performance and vitality that we enjoy in our youth. Many scientists believe that the decline of these important growth factors that result as we age, may strongly correspond with an increase in body fat, a decrease in lean tissue, a reduction in physical performance and more rapid cellular aging. Xenotropin(TM) works by stimulating the body's own defense and healing mechanisms, helping bring the body back to its optimum performance level. Xenotropin(TM) homeopathic hGH formula may increase lean body mass, improve physical appearance, energy, endurance and boosts immune system functions.
In addition to Xenotropin(TM), AHDC is also ready to launch Dermagel(TM) in April 2002. Xenotropin(TM) is a topical gel that helps to temporarily reduce the appearance of fatty cells under the skin.
These products are available at American Health and Diet Centers/Nutritionary stores or on its website www.nutritionary.com.
ABOUT AMERICAN HEALTH AND DIET CENTERS/NUTRITIONARY
The American Health and Diet Centers, dba Nutritionary, was established in 1979 as "The Vitamin Healthcenters" and is a multi-channel marketer of high quality nutritional and natural health products. It is committed to being the best provider of quality products, information and services in the nutritional supplement, health and self-care market. More information is available at www.nutritionary.com.
CONTACT: CEOcast, Inc. for American Health & Diet Centers Mathew Henderson, 212/732-4300
what's brewing at JSHT? All in a story today on www.stockpatrol.com. Sems JSHT is being run by the former Infotopia team.
eMail burps from the non-BOZOMOMO sites.........
John
".....Have you hugged...
........
your Grandkiddies today.."??
.
Where do you find the stocks from ?
Naaaaaaaaaaaaaaaaaaaaaaah................
I just get a buzz out of starting new boards, so I can be Director of the domain...!!
My contribution to world domination....!!!
Ha ha ha ha ha.............
John
ps: OBTW - you've been promoted...!!
".....Have you hugged...
........
your Grandkiddies today.."??
.
You are like a bee, flitting from flower to flower, sucking up the nectar.
You better complete your LFZA collection first......
But, thanks for noticing.
John
".....Have you hugged...
........
your Grandkiddies today.."??
.
Joshua Tree Construction Acquires American Health and Diet Centers
FAIRFIELD, N.J.--(BUSINESS WIRE)--Feb. 13, 2002--Joshua Tree Construction (OTC BB: JSHT) (``Joshua Tree' or the ``Company') announced today that it has completed the acquisition of 100% of the issued and outstanding common stock of American Health and Diet Centers, Inc. (``AHDC') d/b/a ``Vitamin Healthcenters,' and ``The Nutritionary.' A letter of intent was previously signed in January of this year.
The Company intends on changing its name and its trading symbol to reflect this acquisition at a later date. Key management of AHDC will be retained and a new Board of Directors will be appointed. AHDC currently operates 22 retail locations and had $10,676,100 in net sales in fiscal year 2000.
Keith Frankel will serve as an advisor to the Chief Executive Officer and the Chairman of the Board of Directors. Frankel has been President and Chairman of the Board of Directors of American Health and Diet Centers, Inc. since November of 1998, as well as co-owner of AHDC. He has been in the nutritional industry since 1986 and is President and CEO of Vitaquest International, a major producer of nutritional products serving all marketing channels of the nutritional industry.
``American Health and Diet Centers, Inc. is planning an aggressive growth strategy for 2002 and plans to open approximately 150 new locations, with further plans to expand to over 1,500 locations by the end of 2005,' said Frankel. ``We have a solid business model that will allow us to expand rapidly, yet with controlled growth, while maximizing our strengths and achieving our goals.'
Melvin Simon, currently co-chairman of the Simon Property Group and present co-owner of AHDC, will continue to serve in an advisory capacity to senior management of AHDC. Simon Property Group (NYSE: SPG - news), founded in 1960, is the largest publicly traded retail Real Estate Investment Trust (REIT) in North America and the country's largest owner, developer and manager of market-dominant retail real estate.
Marty Reynolds will continue to serve as Chief Operating Officer. Reynolds joined AHDC in 1995 as Vice President of Stores. During his tenure he has implemented state-of-the-art technology including web-based interactive training, store point of sale software that includes inventory control, human resource management and asset control. These programs have streamlined the organization's operations and increased profitability. Reynolds has over 20 years of experience in retailing and retail sales serving as Director of Stores for FuncoLand, Inc. and store controller for Wilsons the Leather Experts.
David Mihalik will assume the position of Senior Vice President of Franchising. He joined AHDC in 2000 as Vice President of the Franchise division. Mihalik previously served as Senior Director for GNC Franchising, Inc., the company that franchised General Nutrition Centers nationwide from 1993 to 1998. Mihalik was involved in the major growth of GNC franchising, contributing to GNC being named ``America's Number One Retail Franchise' in 1998 by Entrepreneur International.
AHDC is a multi-channel marketer of high quality nutraceuticals and natural health product solutions. The Company has developed a low-cost retail store concept that is the core foundation of the model. AHDC believes it can gain significant market advantage by selling from high exposure, mall-based, staffed retail locations and small in-line stores. The Company has the ability to increase customer conversion by offering a supplement selection based on specific health solutions. The health solutions address weight loss, energy, sports nutrition, anti-aging and many other areas of concern.
AHDC offers a direct shipment program that enables customers to order via telephone, Internet or mail. The business model allows for a high margin retail health center that offers consumers convenient multi-channel access to quality products, backed by highly trained personal nutritional counselors. The Company has also developed state-of-the-art point of sale programs and has achieved a superior customer service track record.
The U.S. natural health product market was projected to exceed $35 billion in 2001 and to continue to grow at 10% per annum. The industry is extremely fragmented and there is not a national multi-channel market share leader. The majority of the market is dominated by independent retailers and the off line market leader General Nutrition Center (``GNC'), which has only approximately 11.1% share. Less than 1% of industry sales are currently Web-based, and the pure play Internet retailers have not been successful due primarily to high customer acquisition costs.
ABOUT AMERICAN HEALTH AND DIET CENTERS
The American Health and Diet Centers was established in 1979 as ``The Vitamin Healthcenters' and is a multi-channel marketer of high quality nutritional and natural health products. It is committed to being the best provider of quality products, information and services in the nutritional supplement, health and self-care market.
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