Hard to Treat Diseases (HTDS) Sells Collagenna to Axia Group Inc. (AGIJ)
July 30 2010 - 12:01PM
Marketwired
Hard to Treat Diseases, Inc. (PINK SHEETS: HTDS)
(http://www.htdsmedical.com) is pleased to announce the sale of
former subsidiary Collagenna Skin Care Products to Axia Group Inc.
(AGIJ).
HTDS was satisfied with the performance of Collagenna, a natural
health products and cosmetics company that provides anti-aging skin
care solutions that visibly repair and rejuvenate on the surface,
and from the inside out, by unlocking the beneficial effects of
collagen. This divestiture was nonetheless completed because HTDS
needed to address internal restructuring, share buyback and legal
matters, and in order to focus the company's portfolio.
A source close to AGIJ commented that the company is very
impressed with the revenues and prospective growth offered by
Collagenna, and is excited by the opportunity to acquire the
company.
The divestiture of Collagenna, plus the expected sale of
Serbia-based HTDS subsidiary Slavica Biochem, will allow HTDS to
concentrate on its core business, China-based vaccine distributor
Shenzhen Mellow Hope.
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Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Hard to
Treat Diseases, Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. Hard to Treat Diseases, Inc. cautions
you that any forward-looking information provided by or on behalf
of Hard to Treat Diseases, Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Hard to Treat Diseases, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Hard to Treat Diseases, Inc.'s
control. In addition to those discussed in Hard to Treat Diseases,
Inc.'s press releases, public filings, and statements by Hard to
Treat Diseases, Inc.'s management, including, but not limited to,
Hard to Treat Diseases, Inc.'s estimate of the sufficiency of its
existing capital resources, Hard to Treat Diseases, Inc.'s ability
to raise additional capital to fund future operations, Hard to
Treat Diseases, Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities, and
in identifying contracts which match Hard to Treat Diseases, Inc.'s
capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. Hard to Treat Diseases, Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Contacts: Investor Relations: 1-647-426-1640;
www.minamargroup.net/helpdesk, Investor Relations Department
Inquiry, www.minamargroup.net (IR), for (M&A) and Corporate
Matters, www.minamargroup.com Hard to Treat Diseases, Inc.:
corporate@htdsmedical.com
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