Herborium Group Inc (HBRM)

[Chag]

Herborium Group Update on the Signed Letter of Intent with China Health Resources Inc.
Published: March 12, 2012

TEANECK, N.J., March 12, 2012 /PRNewswire/-- Herborium Group, Inc. (HBRM.PK), www.herborium.com, is pleased to announce that the Phase 1 of due diligence for the sale of up to 100% interest to China Health Resources Inc (OTCBB:CHRI) has been completed. "We are very pleased with a timely progress of a due diligence and the completion of the First Phase of the process that is the exchange of the confidential information and documentation," stated Dr. Agnes P. Olszewski CEO of Herborium Group.

"As we have stated in our Press Release of 02/24/2012 regarding a signed Letter of Intent with China Health Resource Inc., both parties are highly motivated to complete the process successfully and in a timely fashion while guided by their fiduciary responsibilities. Both parties are truly excited about the opportunity and remain most optimistic of a smooth transaction and final agreement," concluded Dr. Olszewski.


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