Altitude
International Signs Agreement to Acquire Stem Lyft
April 13, 2021 --
InvestorsHub NewsWire -- Altitude International Holdings, Inc.
(OTCQB:
"ALTD") has announced the signing of a Letter of Intent with
Total Lifestyle Care LLC (dba "Stem Lyft") through which ALTD will
acquire all outstanding shares of
Stem
Lyft. Stem Lyft operates a "Total
Wellness Center" in Spring, Texas and is in the process of executing an
expansion program through a national
franchising strategy.
Under the terms of the
Agreement, Stem Lyft will change its name to Altitude Wellness and
will operate as a wholly owned subsidiary of ALTD following the
closing. Prior to the closing, Stem Lyft has also agreed to pay for
the expansion of the present Stem Lyft site, including the purchase
of a new ALTD Altitude Chamber, as well as funding two new
fully
equipped locations in Florida
including all operating costs for the first
3 months.
"This is a very exciting deal
for us for a number of reasons," said ALTD CEO Greg Breunich. "Our
altitude chambers will now be the centerpiece of our own
chain
of wellness centers and will be utilized
by doctors for weight loss, physical rehab, and a variety of other
applications where altitude exposure has shown measurable
documented benefits. This new model will also be generating a
re-occurring revenue stream for our altitude chambers, something I
have been working towards since I became CEO of ALTD three months
ago. Add to that a team of entrepreneurial doctors and we have
ourselves a very compelling
opportunity."
Dr. Huong Le, CEO of
Stem Lyft added, "Stem Lyft looks forward to being a big part of
the ALTD family. Our team of forward-thinking doctors and staff
have shown great vision and built a proven model in the holistic
and medical wellness arenas focusing on the field of functional and
nutritional medicine. Stem Lyft was one of the first wellness
clinics to offer Covid testing with rapid nasal and PCR technology
under EUA guidelines. We partnered with 200 corporations to offer
early Covid screenings to their employees in an effort to flatten
the pandemic curve. We are in the process of evaluating various
protocols to strengthen body immunity and increase performance and
recovery with a core vision of holistic preventive
medicine. With the addition of our renowned executive staff,
board of directors and our many celebrity endorsements, we are
confident that Altitude Wellness will become a household name and
leader in the wellness industry."
ABOUT
ALTITUDE INTERNATIONAL HOLDINGS
ALTD provides custom-built
simulated altitude chambers and position-specific protocols to its
clients, which include the Orlando Magic, an NFL franchise, Tulane
University, and Woodway, a leading high- performance treadmill
manufacturer. ALTD's team of acclaimed sports scientists represent
some of the world's most accomplished in the formulation and
execution of cutting-edge training techniques. ALTD chambers have
contributed to documented performance improvements for its clients,
including the shattering of a world cycling record at Woodway. ALTD
recently signed an LOI to acquire Breunich Holdings, Inc. Greg
Breunich currently serves as
CEO for both
Breunich Holdings and ALTD. For more information about ALTD, please
visit altdint.com.
SAFE HARBOR
STATEMENT
This press release contains
certain "forward-looking statements," as defined in the United
States Private Securities Litigation Reform Act of 1995, that
involve a
number of risks and uncertainties.
There can be no assurance that such statements will prove to
be accurate and the actual results and
future events could differ materially from management's current
expectations. The economic, competitive, governmental,
technological
and other factors
identified in the Company's previous filings with the Securities
and Exchange Commission may cause actual results or events to
differ materially from those described in the forward-looking
statements in this press release. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements whether as a result of
new information
future events or otherwise.
Media contact: Adrienne
Mazzone 561-908-1683; amazzone@transmediagroup.com.