KAIH-MERGER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Kaire Holdings, Inc.\'s Subsidiary YESRX.COM Corp. Reports Acquires H&H Glass, an Illinois Corporation
LOS ANGELES, CA, Feb 06, 2007 (MARKET WIRE via COMTEX) -- Kaire Holdings, Inc. ("KAIRE") (OTCBB: KAIH). In a positive change in business direction, Kaire Holdings, Inc. is announcing the acquisition of H&H Glass Corporation. The terms of the acquisition includes a payment on approximately $8 million in common stock. In addition, as part of the transaction, all current convertible note holders have agreed to restructure their debt into zero coupon fixed rate convertible preferred shares with a two year hold on any conversions.
H&H Glass was formed in 1989 and distributes Asian glass to North America. In fiscal year 2005, H&H Glass had net revenues of approximately $13.5 million with net earnings of approximately $.5 million. Fiscal year 2006 figures will be available shortly. H&H Glass will be operated as a wholly owned subsidiary of Kaire Holdings Corporation.
As part of its change in business direction, as of February 4, 2007, Kaire Holdings discontinued its pharmacy business.
Kaire CEO Steven Westlund stated, "We are excited about this change of direction for Kaire Holdings, Inc. which puts us in position with an established company, to capitalize on the growing business relationships and business opportunities in the distribution of Asian products."
About KAIRE
Kaire Holdings, Inc. and subsidiaries provided pharmacy services and home care medical equipment to targeted segments of the medical and health care markets.
H&H Glass Corporation was formed in 1989 and distributes Asian glass to North America.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.
FOR ADDITIONAL INFORMATION CONTACT
Allen Lin
(949) 861-3560
SOURCE: Kaire Holdings, Inc.
Copyright 2007 Market Wire, All rights reserved.
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SUBJECT CODE: Manufacturing and Productionackaging and Containers
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Trials
Pharmaceuticals and Biotech:Equipment and Supplies
Pharmaceuticals and Biotechrugs
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