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OMID ANNOUNCES ACQUISITION OF PEAC LABS
Alpha, NJ, June 10, 2020 OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness company, today announced the acquisition of the Peac Labs brand, including all intellectual property and finished product inventory. The acquisition was completed without issuance of company stock and no financial debts or liabilities were assumed in the asset transfer. Among other limited terms, the seller will primarily receive payments in consideration of the cost of goods for the acquired inventory, as it is sold, in addition to a portion of future gross profits on goods sold under Peac Labs: 10% for the first two years and 5% for the third & final year.

"We are very excited about the addition of Peac Labs to our growing list of brands. Our vision for the evolution of the Peac brand is progressing with promise as we strive to continue developing and marketing all of the brands we represent. I look forward to providing additional corporate updates in the near future and would like to thank our shareholders for their patience over the past several months as we finalized our transition into the public company." saidAdam Frank, CEO of OMID Holdings, Inc.

For more information about Peac Labs, please visit https://peaclabs.com/



About OMID Holdings, Inc.
OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) health and wellness company which owns and operates a manufacturing facility in Alpha, New Jersey. The headquarters is FDA-registered and Food Grade Certified for production within its clean room environment. The company is currently focused on the development, manufacture, and sale of hemp-based products for private label and in-house brands. For more information about the company, please visit https://omidholdingsinc.com/.



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