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First Pet Life, Inc. (FPLF)

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Last Post: 4/4/2017 10:16:32 AM - Followers: 12 - Board type: Free - Posts Today: 0

First Pet Life, Inc. Terminates Agreement With Direct Pet Health Holdings DALLAS, July 31 /PRNewswire-FirstCall/ -- First Pet Life, Inc. (Pink Sheets: FPLF) announced today the company has elected to exercise its right to terminate the Asset Purchase Agreement with Direct Pet Health Holdings due terms of the Agreement not being met. Terms outlined within the Asset Purchase Agreement between the Parties were structured with the intentions of First Pet Life attaining the resources for continued expansion as well as obtaining the means to allow the company to carry out key marketing objectives. Additional terms of the Agreement were structured to enable Direct Pet Health Holdings immediate operations within the pet industry. The key terms of the Agreement specifically required Direct Pet Health Holdings to obtain approval of the proposed acquisition from the re-insurer of First Pet Life, Inc. pet insurance policies, The Hartville Group, Inc., this specific term was not fulfilled. Additional requirements called for Direct Pet Health Holdings to allot an agreed upon number of shares to First Pet Life, Inc., with the intent of First Pet Life, Inc. allocating these shares to it's current shareholders resulting in Direct Pet Health Holdings obtaining an investor base. The Agreement required First Pet Life, Inc. to relinquish all company assets pertaining to operations, which included the company's branded line of pet insurance, E-commerce store as well as all amended contracts pertaining to future company product expansions. 'Both companies formerly agreed to exclusive provisions within the Asset Purchase Agreement to benefit both companies to achieve long and short term objectives for growth. It is unfortunate that terms were not met but we are certain of the fact that it is in the best interest of First Pet Life, Inc. to immediately terminate any further involvement with Direct Pet Health Holdings. We certainly intended for our company and current shareholders to gain from this agreement but concede that this direction would not achieve these intentions. Plans regarding the future of First Pet Life, Inc. are now being thought-out and we plan to take the best route possible to move forward. We extend our apologies to our shareholders with hopes of restoring value to your investment and belief in First Pet Life, Inc.,' stated Founder of First Pet Life, Inc., Andre Williams.
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#1751   You will find that the shares should sell profund 04/04/17 10:16:31 AM
#1749   http://www.mypetcover.com/pet-insurance-news/pet-insurance-acquisiton.htm lotterystk 04/22/10 10:44:41 PM
#1748   All I know is I have held it lotterystk 04/22/10 10:42:31 PM
#1747   Anyone know anything about/with this stock? darktrader 03/11/10 01:47:49 PM
#1746   FPLF from pnk sheets: SUPERNATURAL 01/03/10 07:51:51 PM
#1745   I hate having this stock in my portfolio :( Redwinger 12/15/09 12:24:25 PM
#1744   with any luck Andre was kidnapped and is newtoyou 07/02/08 09:18:49 PM
#1743   How many shares of $00.00 does everybody average? jandl395 07/02/08 02:00:42 AM
#1742   Yeah I'm with you on that! Hoping ... darktrader 06/23/08 03:40:49 PM
#1741   I guess this shell is a dead one... Redwinger 06/08/08 08:25:40 PM
#1740   Does anyone think this will start trading again panning4gold 03/12/08 11:15:04 AM
#1739   And now were trading on the greys with panning4gold 01/25/08 05:46:50 PM
#1738   No, but Andre is still a poll smoker. newtoyou 01/25/08 03:57:19 PM
#1737   what, we are being bought out by Intel? Joe689 01/24/08 06:34:08 PM
#1736   Guess What? newtoyou 01/16/08 05:06:12 PM
#1735   Andre, I hope your Christmas is filled with newtoyou 12/19/07 12:05:39 PM
#1734   Why dont you keep your nose out of dwood 11/13/07 03:25:08 PM
#1733   Your full of it. PennyBenny 11/13/07 12:46:58 PM
#1732   For your information, I bought into this company dwood 11/13/07 12:16:16 PM
#1731   It's not an opinion - its fact. Time PennyBenny 11/13/07 11:55:27 AM
#1730   Who asked for your opinion anyways? dwood 11/12/07 09:46:40 AM
#1729   Website Gone oneifbylan 11/09/07 02:20:03 PM
#1728   Don't worry. Non of these clowns can, nor PennyBenny 11/08/07 12:32:29 PM
#1726   I have been gathering my data on what dwood 10/21/07 08:56:32 PM
#1723   More helpful than Andre. newtoyou 10/08/07 04:19:30 PM
#1722   Gee New you are really helpful thanks FOURWINNS 10/08/07 08:47:36 AM
#1721   Andre is a pole smoker. Thats the only newtoyou 10/05/07 03:04:01 PM
#1720   I am still holding shares of this stock. fish man 10/05/07 10:45:15 AM
#1719   http://www.sec.gov/litigation/litreleases/2007/lr20302.htm Ve 10/01/07 08:54:02 AM
#1718   NEW YORK—The former chief executive officer of The generalelectrik 09/07/07 08:08:14 PM
#1717   Thanks, I will give it a try dwood 09/06/07 02:09:40 PM
#1715   I called the SEC more than once about dwood 09/06/07 10:18:16 AM
#1714   If the Securities Exchange Commision won't do anything dwood 09/06/07 10:16:48 AM
#1713   You get the ball rolling and we will newtoyou 09/04/07 09:25:32 AM
#1712   Upstairs. What can a legal action actually do? jkids210 09/03/07 03:23:11 AM
#1711   What are the shareholders waiting for? Have you UPSTAIRS JIM 08/31/07 12:23:48 PM
#1710   Can someone fix the ibox? Someone give me jkids210 08/31/07 12:12:34 AM
#1709   might be FOURWINNS 08/30/07 12:45:50 AM
#1708   this is going to be a long wait huh? jkids210 08/30/07 12:41:38 AM
#1707   well then I don't feel so bad thanks FOURWINNS 08/29/07 03:37:08 PM
#1706   Andre is WAY to busy taking sharholders to newtoyou 08/29/07 02:34:46 PM
#1705   but all this is good only if they jkids210 08/29/07 01:41:31 PM
#1704   that sound very good. FOURWINNS 08/29/07 01:09:56 PM
#1703   not really much debt. it was at 200 jkids210 08/29/07 01:09:00 PM
#1702   a trading shell is worth money! much debt here? FOURWINNS 08/29/07 01:07:19 PM
#1701   I never really do that but might. If FOURWINNS 08/29/07 01:06:43 PM
#1700   so fourwinns are you going to update the ibox? jkids210 08/29/07 01:04:42 PM
#1699   so now we just need to get andre jkids210 08/29/07 01:04:12 PM