Point Group Holdings, Incorporated Announces a Joint Venture With Bio-Nutritional Product Development to Market Botanical Chi Worldwide
Tuesday , July 22, 2003 06:30 ET
SAN DIEGO, Jul 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Point Group Holdings, Incorporated (OTC Bulletin Board: PGHI) announces that it has joined Bio-Nutritional Product Development, Inc. of Carlsbad, CA to form a new joint venture known as Botanical Chi, LLC, a California Limited Liability Company.
Under the agreement the two companies will move the product Botanical Chi (www.botanicalchisales.com) to worldwide availability. Point Group Holdings, Incorporated plans to make an investment in the new company, while Bio-Nutritional Products Development, Inc. plans to provide the product to the LLC. Both companies, PGHI and BNPD, will have ownership in the product and share in the profits from the sales of the new LLC.
Bio-Nutritional Products has been test marketing Botanical Chi both here in the USA and Western Europe for the last three years and during the last month, PGHI has begun marketing Botanical Chi through its wholly owned subsidiary, Naturally Safe Technologies, Inc. under a previously reported agreement.
Dr. Michael G. Samuels, creator and president of Bio-Nutritional Products Development states, "Our product Botanical Chi is now ready to be sold throughout the world and our joint venture with Point Group Holdings, Incorporated is just the vehicle we have been looking for to enter the marketplace. The investment by PGHI will additionally allow for clinical study of Botanical Chi during the last months of 2003."
Fourth quarter 2003 plans of PGHI calls for Botanical Chi to be marketed in the Mid-East through PGHI's soon to be opened office in Dubai. Additionally, during early July, WallStreetWorld.tv (www.wallstreetworld.tv), of Vancouver, BC introduced PGHI to a European source for sale of Botanical Chi in Western Europe and PGHI looks forward to reaching an agreement during the fourth quarter.
John Fleming, CEO/President of Point Group Holdings, Incorporated stated, "PGHI's joining with Dr. Samuels' company will provide a very solid base of operations for Botanical Chi. We, PGHI, look forward to assisting the new company, Botanical Chi, LLC, to becoming a leader in the marketplace. With Botanical Chi's main competition, SeaSilver coming under FTC investigation in the last month, we feel that Botanical Chi will be able to fill the need in the marketplace of this estimated billion dollar market."
Point Group Holdings, Incorporated is a holding company which, through its subsidiaries, provides management services to businesses that have an operating history or can substantiate future performance in their respective industries. The Company participates in companies in various fields of business by providing executive-level managerial assistance as well as arranging for and contributing capital investment. Point Group Holdings, Incorporated website is http://www.pghi.biz
For more information contact John Fleming, CEO PGHI at 001.619.269.8692 or e-mail email@example.com or examine the following websites:
Botanical Chi Sales: http://www.botanicalchisales.com
Point Group Holdings, Incorporated: http://www.pghi.biz
Bio-Nutritional Product Development, Inc.: http://www.botanicalchi.com
Naturally Safe Technologies, Inc.: http://www.nsafetech.biz
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
SOURCE Point Group Holdings, Incorporated
CONTACT: John Fleming of Point Group Holdings, Incorporated,
.003 x .004
Look for more exciting developments in the near future. Ground
level entry prices. Personally, loading the boat here.