Wednesday, December 27, 2017 1:14:01 PM
Just brought all filings current, did r/m with Argus http://www.otcmarkets.com/stock/ARGW/profile
Is a 20 year old company w/ no r/s history,
http://www.otcmarkets.com/stock/VRSYF/profile
http://vmsrehabsystemsinc.com/
http://www.otcmarkets.com/financialReportViewer?symbol=VRSYF&id=184238
Quote:
On March 29, 2017, the company signed an Agreement with Argus Worldwide Corp to transfer the VMS holding in BioPharmcor BV, a developer of Generic medicines, to Argus Worldwide. In addition, during the quarter, the Company launched an initiative in Poland to manufacture and market initially in Europe, a line of ‘quality of life products’ including a high quality wedge orthopedic seat cushion under the company’s new proprietary brand name OrthoCush ™ label. It is anticipated that VMS will commence selling in Europe its OrthoCush ™ line of orthopedic seat cushions on or about Jan 1, 2018. At the same time, VMS will launch a new E-commerce platform through which its OrthoCush™ brand of ‘quality of life’ products will be offered. VMS Rehab Systems, Inc is currently a core vendor in Canada of a line of 3rd party manufactured orthopedic seat cushions.
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=27822
Quote:
Under the terms of the new agreement signed on March 29th, 2017, VMS has agreed to transfer to Argus a control block of 17,005,000 Class A ordinary voting shares and 55,000 Class B multiple voting shares of Dutch based generic drug developer BioPharmcor BV. At the same time, Argus has transferred to VMS a block of Argus Class A voting shares and share options and returned to VMS’ Treasury a block of 120,000,000 Class A VMS shares that would have given Argus control over the 20 year old health products company.
In addition, Argus has agreed to enter into a 3 year funding agreement with VMS Rehab Systems Inc. to invest up to US $1.5 million to assist the company in building out its new E-Commerce platform for quality of life healthcare products and other internet based health services.
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