KAHI - Press ReleaseSource: Kaire Holdings, Inc
Kaire Holdings, Inc. Reports on Recent Structural and Operational Initiatives
Monday May 12, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--May 12, 2003 -- Kaire Holdings, Inc. ("KAIRE")(OTC BB: KAHI), reports that the initial elements of its 2003/2004 re-capitalization and growth plan are in motion.
Kaire CEO Steven Westlund stated, "We have taken the difficult and necessary first steps of re-capitalizing the company, which we believe will help create a viable capital foundation to build upon. Along with the re-capitalization, we intend to complete the restructure of the remaining convertible debentures, which we consider a primary objective of this capital restructuring mission. The re-capitalization should benefit the company by enabling it to build revenue and profit through acquisitions of companies that provide the opportunity to cross-market goods and services."
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Scott W. Absher, NeoTactix managing partner, and partner in this growth strategy added to Steven Westlund's comments by saying that, "Our focus is on revenue growth and profitability. In today's economy, we believe a company must be valued on what it delivers to the bottom line, not on speculation. In that regard, Kaire's growth strategy of building revenue and profits through strategic acquisition is a sound one."
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