Intelligent Living Inc. (ILIV) and Venturian Agree to Extend LOI
April 10 2014 - 12:15PM
Marketwired
Intelligent Living Inc. (ILIV) and Venturian Agree to Extend LOI
ILIV to Add $1.5M in Revenues
MIAMI, FL--(Marketwired - Apr 10, 2014) - Intelligent Living
Inc. (OTCQB: ILIV) reported today that it has had significant
positive movement in its closing of its Asset Purchase Agreement
with Venturian but extended its LOI with them for another few weeks
in order to allow the completion of the financial audit required as
part of the due diligence process by ILIV and the SEC.
"We are taking a few more weeks just to make sure that we have
no issues in the audit and compliance process. This deal is going
to close. It just needs to be done with due care," Victoria Rudman,
CEO of Intelligent Living Inc. stated.
Venturian is a privately held IT Solutions and Cloud Services
company based in Miami that upon completion of the deal will add
$1.5M in revenue to Intelligent Living's overall revenue
stream.
Allen Firouz, CEO of Venturian said: "Our team is looking
forward to closing this deal with Intelligent Living. We required a
bit more time to finalize the financial statements and then we will
be in a position to close the deal."
Both Intelligent Living and Venturian expect to close by April
25, 2014.
About Intelligent
Living Inc.:
Intelligent Living Inc. operates as a development stage company
focused on the ever-expanding eHealth and eCommerce markets. Its
segments include exercise, nutrition, supplements, mental acuity
testing and training, through our newly acquired subsidiaries
MIND360 Studios, and Health and Beyond Nutra Company. Intelligent
Living Inc., based in Florida, is a health and wellness company
engaged in the development of software and technology to aid in age
management and cognitive health. The mission of Intelligent Living
is to improve a person's quality and function of daily living over
a span of many years.
More information about Intelligent Living Inc. can be found on
the Company's website located at
http://www.intelligentlivinginc.com
Forward Looking Statements This press release includes
statements that constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "Reform Act") and as such, may involve risks and
uncertainties. Intelligent Living Inc. claims the protection of the
safe-harbor for forward-looking statements contained in the Reform
Act. These forward-looking statements are often characterized by
the terms "may," "believes," "projects," "expects," or
"anticipates," and do not reflect historical facts. Specific
forward-looking statements contained in this press release include,
but are not limited to: our successful integration of diversified
growth companies, impact of the company's expansion plan, and new
business development success, future financial results, development
and acquisition of new product lines and services, the impact of
competitive products or pricing from technological changes, the
effect of economic conditions and other uncertainties. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of factors.
Contact: Gabriel Rodriguez E Relations Group 888-261-6537
info@erelationsgroup.com