Easton Pharmaceuticals Signs Letter Of Intent To Acquire Major Vaporizer and e-Liquids Manufacturer iBliss Inc
24 January 2017 - 12:00AM
InvestorsHub NewsWire
iBliss’s Current Sales Are
In the Millions Of Dollars and Are Projected To Quickly Reach and
Surpass $15,000,000 in Sales With Healthy Profit Margins in Excess
of 40%
TORONTO, ON -- January 23, 2017 --
InvestorsHub NewsWire -- Easton
Pharmaceuticals, Inc. (OTC:EAPH)
Announces that it has signed a letter of intent
to acquire 100% of revenue producing vaporizer manufacturer iBliss
Inc., of Toronto, Ontario, Canada.
iBliss Inc. is a tremendously fast growing
vaporizer and e-liquids manufacturing company with surging
international sales projected to conservatively reach and surpass
$15,000,000 per year fairly quickly. iBliss currently generates
several millions of dollars in sales with healthy margins in excess
of 40%. iBliss has had tremendous growth over the past 3 years of
being in business which includes sales throughout North America and
recently adding several international markets in Europe, the Middle
East and Russia which has it on track to reach $15,000,000 in
sales. iBliss possesses in house manufacturing of its own line of
e-liquids products in a certified and regulated laboratory.
iBliss’s sales continue to grow with demand for Vaporizer’s and
e-liquids surging internationally. The company also intends on
launching consumer health related products through its liquids for
use in vaporizers, which will also result in substantial
growth.
“We
are very excited to be entering into this Agreement with Easton.
With the support of Easton’s management, we will be able to
continue our success and rapidly expand our sales internationally
and launch our consumer health products through our e-liquids”
stated iBliss President, Hung Tran.
The
iBliss acquisition is intended to have iBliss operate as a wholly
owned subsidiary of Easton and will be separate from Easton's other
business segments such it's woman's diagnostics, treatment and
natural health products where Easton recently executed a
distribution agreement with multi-national pharmaceutical company
Gedeon Richter and its Mexican subsidiary company
Gedeon Richter Mexico S.A.P.I. de
C.V. for Easton / BMV Medica's Gynofit product.
The signed letter of intent with iBliss is the first step in its
negotiations as both companies work towards finalizing a closed
Definitive Agreement in the coming weeks.
For
More Detailed Information On iBliss Visit:
https://iblissvapor.com
About Easton
Pharmaceuticals
Easton Pharmaceuticals is a diversified
specialty pharmaceutical company involved in various pharmaceutical
sectors and other growing industries. The Company previously
developed and owned an FDA-approved wound-healing drug and
currently owns topically delivered drugs to treat cancer and other
therapeutic products to treat various conditions that are all in
various stages of development and approval. Easton has partnered
with BMV Medica SA de C.V. and together, own the exclusive
distribution rights in Mexico and Latin America for patented
women's diagnostic and preventative care products from CommonSense
Of Israel, along with two generic cancer drugs, Paclitaxel and
Docetaxel from BioLyse Pharma of St. Catherine's Ontario,
Canada.
For
More Information On Easton and Affiliated Company's
Visit:
http://www.eastonpharmaceuticalsinc.com
http://www.bmvmedica.net
http://ecigmarkets.com
http://finance.yahoo.com/q?s=eaph
https://twitter.com/eastonpharma
Safe
Harbor
This
news release may contain forward-looking statements or expressions
within the meaning of the Private Securities Litigation Reform Act
of 1995 (The "Act"). In particular, when certain words or phrases
such as "hope", "positive", "anticipate," "pleased," "plan,"
"confident that," "believe," "expect," "possible" or "intent to"
and similar conditional expressions are expressed, they are
intended to identify forward-looking statements within the meaning
of the Act and are subject to the safe harbor created by the Act.
Such statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. Any investment made into Easton
Pharmaceuticals would be classified as speculative and may contain
risks. Such risks and uncertainties include, but are not limited
to, market conditions, general acceptance of the company's products
and technologies, competitive factors, the ability to successfully
complete additional or adequate financing, government approvals or
changes to proposed laws and other risks and uncertainties further
stated in the company's financial reports and
filings.
CONTACT INFORMATION
Contact:
Evan
Karras
Tel:
+1(416) 619-0291
Tel:
+1(347) 284-0192
Email:
info@eastonpharmaceuticalsinc.com
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