Emerging Media Holdings, Inc. Acquires 100% of Men's Medical Corporation
Date : 02/01/2011 @ 10:07AM
Source : GlobeNewswire Inc.
Stock : Emerging Media Holdings (EMDH)
Quote : 0.194 0.133 (218.03%) @ 12:42PM
Emerging Media Holdings, Inc. Acquires 100% of Men's Medical Corporation
Emerging Media Holdi (OTCBB:EMDH)
Intraday Stock Chart
Today : Tuesday 1 February 2011
Emerging Media Holdings, Inc. (OTCBB:EMDH) announced the completed acquisition of 100% of Men's Medical Corporation. Terms of the agreement include changing the corporate name to Men's Medical Group Inc., naming new officers and directors, applying for a symbol change, delivery of audited financial statements, divestiture of all Moldovan operations and the transfer of a license to certain intellectual property to Men's Medical.
Men's Medical Corporation will hold a license for the use of certain proprietary, personalized treatment processes for erectile dysfunction and premature ejaculation, together with other protected marks, trade names and patents associated with men's health and lifestyle management. Men's Medical intends to roll out strategic alliances with physicians nationwide to offer a full range of men's health and lifestyle services incorporating the intellectual property.
The U.S. market for men's sexual dysfunction therapies is expected to reach nearly $2 billion by the end of 2011. The target market for Men's Medical services are the more than 78 million American males who are thirty-five years of age or older. With 10,000 baby boomers turning 65 every day, having a life expectancy of 18-22 years, the size of the 65-plus population is expected to double by 2029 which has staggering financial implications for the erectile dysfunction industry.
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward- looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of the press release. Political and operational risks in the countries in which Emerging Media Holdings, Inc. may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in Emerging Media's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009. Copies of each filing may be obtained from Emerging Media Holdings or the S.E.C. or its web site at www.sec.gov.
CONTACT: Investor Relations
Christian Tedrow
407 921-7032
www.emdhs.com
Do not believe a word I say, I am a mean old grumpy dummy who dislikes any type phony baloney. You want to make money, work for it, do your DD.
