Sanara MedTech Inc. (SMTI)

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Where are we with this does anybody know?

WNDM to Acquire Medical Device Distributor Juventas; Bryant Gaines Named WNDM COO Effective Immediately
Posted on November 30, 2011 by wmgtech
FORT WORTH, Texas, November 30, 2011 PRNewswire-FirstCall — Wound Management Technologies, Inc., (OTCQB: WNDM | WNDM.PK) a leader in the advanced wound care solutions market, today announced that it had signed a letter of intent (LOI) to acquire Juventus LLC. Fort Worth, TX-based Juventas, controlled by former Biomet Texas affiliates Bryant Gaines and Jeff Ott, operates a nationwide distributor network. Juventas products are used primarily by medical specialists in both surgical, non-surgical therapy and regenerative medicine. The acquisition would be an all-stock deal that would result in the owners of Juventas obtaining 12.5 million shares of WNDM at closing, the ability to earn additional shares based on revenue targets increasing the number of shares to 22.5 million shares, and representation on the WNDM Board of Directors. Closing of the acquisition is subject to a number of conditions, including, but not limited to, the audit of Juventas being completed by the first quarter of 2012.