LBCT Merger & Financing News - expect a forward Split on this one soon.
Berman Center, Inc. Completes Equity Financing and Merger with LB Center, Inc
; Specialized women's health lifestyle center goes public to spur growth, fulfil
mission
CHICAGO, Jun 16, 2005 (BUSINESS WIRE) -- Berman Center, Inc., a broad based
lifestyle company focused on women's sexual health, well being and menopause
management, announced today that it has completed a merger with a wholly-owned
subsidiary of LB Center, Inc. (OTC:LBCT.PK). LB Center is a company with shares
publicly quoted on the Pink Sheets Electronic Quotation Services. In connection
with the merger, Berman Center also completed an equity financing through a
private placement of its common stock by Hunter World Markets, Inc. of Beverly
Hills, California to support the Berman Center's expansion program.
According to Dr. Laura Berman, President of the Chicago-based Berman Center, the
financing and merger transaction represents an opportunity to achieve the
company's vision. "Our decision to move forward with this transaction was driven
by our passion for advancing the Berman Center's mission, which is to help every
woman reach their full potential, physically, mentally and spiritually," said
Berman. "We are now firmly positioned to branch out nationally to provide the
services and guidance that over 63 million women suffering from sexual
dysfunction and 50 million women facing the changes of menopause desperately
need."
The Berman Center's plans include expanding a range of upscale spa-like women's
sexual health and well being clinics, initially in the suburbs of Chicago. Other
initiatives by the Berman Center include continuing its outreach with the
medical community and expanding its medical education courses to doctors and
nurses in various markets. These courses are currently offered in Chicago and
Los Angeles. In addition, Dr. Berman plans to utilize ongoing research to author
new books and DVDs on the topic of sexual health and expand her newspaper and
magazine columns, as well as the production of television and radio shows. The
company also plans lifestyle endorsement and branding opportunities with leading
pharmaceutical and consumer products companies, branded sexual function devices,
as well as an array of future opportunities.
Dr. Berman is a leading expert on sex-related issues in America today. She is a
clinical professor of OBGYN and psychiatry in the Feinberg School of Medicine of
Northwestern University. She has earned two Master's Degrees in Social Work and
a Ph.D. from New York University in Human Sexuality. Dr. Berman is also the
Director for the Network for Excellence in Women's Sexual Health (NEWSHE). Her
media credentials include: co-host of "Berman & Berman," on the Discovery Health
Channel, radio show host, regular correspondent for "Good Morning America,"
columnist for the Chicago Sun-Times, best selling author and numerous TV, radio
and print interviews.
"We're extremely happy with the direction of the Berman Center and the
relationship we've forged with Hunter World Markets," said Berman. "Their
experience and insight will allow us to fulfill our vision for educating and
providing sexual health services for women everywhere in a much more strategic
way."
About Hunter World Markets, Inc.
Based in Beverly Hills, California Hunter World Markets, Inc. ("HWM") is a
member of NASD and SIPC and offers investment banking, investment advisory and
institutional trading to select clients with a diversity of sector and industry
experience, particularly in North American and European markets. HWM has equity
underwriting capabilities that include capital rising through initial public
offerings and private placements. In institutional trading, HWM offers highly
individualized trading services to investment advisors, asset mangers, pension
funds, insurance companies, hedge funds, banks and other institutional
investors, and trades on all major exchanges in North America and Europe through
RBC Dain Rauscher Inc.
For more information, contact Sam Chapman at (312) 961-9492.
Safe Harbor Statement
This news release contains certain forward-looking statements pertaining to
future anticipated projected plans, performance and developments, as well as
other statements relating to future operations and results. Any statements in
this news release that are not statements of historical fact may be considered
to be forward-looking statements. Written words such as "may," "will," "expect,"
"believe," "anticipate," "estimate," "intends," "goal," "objective," "seek,"
"attempt," or variations of these or similar words, identify forward-looking
statements. These statements by their nature are estimates of future results
only and involve substantial risks and uncertainties. Actual results may differ
materially from those indicated by these forward-looking statements as a result
of various factors including, but not limited to, risks related to: our ability
to obtain additional funding to support our business activities; our dependence
on services, name and image of Dr. Berman; the early-stage market for female
sexual health products and services; a dramatic rise in expenses; the familial
relationship of a number of our officers and directors; rapid growth and change
in our business; as well as those risks more fully discussed in the Berman
Center, Inc.'s reports filed from time to time with the Securities and Exchange
Commission. In addition, any forward-looking statements represent our views only
as of today and should not be relied upon as representing its views as of any
subsequent date. We do not undertake any obligation to update any
forward-looking statements to reflect events or circumstances after the date of
this release.
SOURCE: Berman Center, Inc.
CONTACT: The Berman Center
Sam Chapman, 800-709-4709 or 312-961-9492
schapman@bermancenter.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
California
Illinois
INDUSTRY KEYWORD: Women
Health
Other Health
Professional Services
Consulting
Finance
Other Professional Services
Communications
Public Relations/Investor Relations
Consumer
Family
SUBJECT CODE: Merger/Acquisition
*** end of story ***
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