InvestorsHub Logo

Darganslayer

06/11/10 9:58 AM

#992 RE: ICEQUITY #991

John Stanton and chuck Broes, liars, thieves and drug dealers...
VTBD, a Stanton company with Chuck Broes as chairman, bought Broes mail order
drug business for cash and stock in 2006.

5. The board elected Mr. Jonathan Katz as CEO of VitalTrust Solutions, Inc. and Mr. Dick Furlong as CEO of VitalTrust Medi-Pharma, Inc., (in formation) totally owned subsidiary of the Company. Mr. Chuck Broes will remain as chairperson.

Letter of Intent with United Prescription Services

On April 10, 2006, the Companyâs wholly owned subsidiary, VitalTrust Solutions, Inc., signed a Letter of Intent with United Prescription Services, Inc. (United) in which the Company will purchase 100% of the stock of United for $7,100,000 in cash and stock of the Company.

United is a mail order/community pharmacy licensed in all 50 states with a focus on providing specialized compounding solutions for patients with chronic ailments. United had revenues in 2005 of approximately $7,100,000 and an EBITDA of $3,100,000.

The letter of intent is subject to and contingent upon continued due diligence, financing and other material matters. The deal is expected to close by June 30, 2006.

Back to top