Unlocking Funds to Accelerate Operations
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Publicly-held Natural Harmony Foods Inc. (OTC: NHYF) is delighted to report the completion of its financial statement audits for the years 2022 and 2023. This accomplishment represents a significant advancement in the Company's corporate governance and will underpin its ongoing operations. It will also assist in removing its current shell status and lay the groundwork for its desired OTCQB listing.
The audits will also allow the Company to file S1 Registration Statements and access initial funding under its Promissory Note Agreement, which will accelerate the implementation of long-standing operational plans.
With a focus on revenue generation, the Company plans to allocate the initial funds primarily to the commercial launch of its nutraceutical products. A comprehensive marketing and sales strategy, including television and social media content, is in the advanced stages of planning. Initially, the Company’s focus will be on e-commerce in order to minimize costs and maximize market reach.
A portion of the initial capital will be allocated to advancing the due diligence phase of its clinical medical technologies, particularly its facial analysis technology for the objective identification of PTSD. Objective identification of mental health conditions has eluded professionals since the field's inception due to the subjective nature of psychological symptoms. An objective screening test will significantly aid in the early treatment of the condition.
The Company has registered Synbio International Inc with the State Department of Florida and awaits approval from FINRA for its new market ticker.
CEO and Managing Director Mr. Claudio Solitario said, "With the audits finalized and initial funding secured, we are poised to actively pursue initiatives that have the potential to significantly enhance shareholder value. The funding will allow the Company to formalize the relationships built over time and accelerate operational activities. This is an exciting period for the company with a new name, new funding, and new business opportunities on the horizon. I look forward to keeping shareholders regularly informed of progress.”
About Natural Harmony Foods, Inc.
Natural Harmony Foods Inc. (NHYF) aims to enhance patient outcomes and reduce healthcare costs by developing cutting-edge AI-powered methods to aid in the diagnosis of medical conditions. These methods enable early, accurate screening, contributing to quicker and more effective treatment. NHYF focuses on developing AI-based screening techniques for medical conditions, capitalizing on the growing role of AI in clinical practice. Additionally, NHYF acknowledges the thriving nutraceutical market's potential and plans to enter it for early revenue, benefiting from the growing emphasis on natural approaches and the demand for dietary supplements that offer potential health benefits beyond basic nutrition. The Company’s nutraceutical formulas are scientifically designed to nutritionally support the body’s inherent abilities to positively respond to health conditions and will address the needs of the great many people who are searching for natural remedies for their health and wellness. The demand for nutraceuticals continues to expand, creating a dynamic landscape for NHYF’s nutraceutical businesses to flourish.
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