Health Advance Inc (HADV)

[adijas]

News out

LAS VEGAS, NV -- (Marketwired) -- 10/03/16 -- Health Advance Inc. (OTC PINK: HADV) is pleased to announce that on October 2, 2016 , the Company signed a definitive agreement ("Definitive Agreement") to acquire 100% interest in the web domain www.discountseniorsupply.com. As a result of the acquisition, Health Advance will also have the license to the interspire e-commerce shopping cart, the supplier relationships, a team located in India that would manage the e-commerce web business and provide customer support along with marketing reports and updates. Pursuant to the Definitive Agreement, on closing the Company will issue 400,000 shares of common stock of Health Advance and a one-time cash payment of $10,000 representing the total purchase price of DiscountSeniorSupply. The acquisition is expected to close on or before October 31, 2016 .

"We believe the acquisition of discountseniorsupply.com is a very important step for Health Advance. This acquisition expands our presence in the medical supply sector and will assist Health Advance in generating revenue in this growing sector. We believe we will benefit significantly from certain favorable demographic and industry trends, including the rising healthcare needs of the aging population, a heightened focus on health and wellness by the baby boomer generation, and increased demand for lifestyle drugs," stated President and CEO, Jordan Starkman .