LTS Nutraceuticals Holds Talks About Joint Venture With Manufacturer
March 27 2017 - 9:37AM
InvestorsHub NewsWire
New Jersey -- March 27, 2017 -- InvestorsHub NewsWire --
LTS Nutraceuticals, Inc., (OTC:LTSN) a health and wellness
products holding company, (www.ltsnutraceutical.com) today
announced that they have held talks with an FDA approved
nutraceutical manufacturer regarding an joint venture.
LTS Nutraceuticals representatives have held these talks in recent
weeks with representatives of the manufacturer regarding a joint
venture of their in house retail brands that are marketed in
Europe, Canada and the United States.
The talks were productive, the deal being considered is LTS will
take over the day to day operations of the manufacturers retail
brands (the manufacturers core business is wholesale) with an equal
fifty fifty ownership stake for both parties. LTS will handle all
sales, marketing and administrative requirements while the
manufacturer will handle all production and distribution from their
25,000 square foot plant located in New York. The company also
discussed acquiring up to forty nine percent of the manufactures
business and production facility.
The company will announce the joint venture partner, product line
and brands upon completion of all due diligence and executed
agreements. For additional company announcements and updates please
visit our official Twitter or Facebook accounts.
About LTS Nutraceuticals Inc.
Headquartered in Hoboken, NJ, LTS Nutraceuticals, Inc. is a health
and wellness holding company engaged in acquiring existing
companies within the sector of nutraceutical and organic products.
We will also develop our own branded products, develop brand
identity; assist in arranging for contract manufacturing,
fulfillment, and marketing.
This press release does not constitute an offer of any securities
for sale. This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release.
Media Contact
info@ltsnutraceutical.com