MAITLAND, Fla., May 26, 2011 (GLOBE NEWSWIRE) -- Men's Medical Corporation (OTCBB:EMDHE) announced today that Saddleworth Ventures, LLC has acquired the companies as described herein. Men's Medical signed a LOI, for the purchase of 100% of the following assets from Saddleworth, subject to financial audits and the delivery of the preferred shares issued as a result of the closing between Men's Medical Corporation and Emerging Media Holdings Inc:
Elite Professional IP Licensing Co.—License holder of the Boston Medical Group's name trademark, patents and license rights for the U.S.
Sound Management Group LLC—The operating entity for all of the services offered under the license, including two clinics in Arizona and Florida scheduled to open within the next 4 weeks.
Regional Professional Alliance Inc.—The entity managed by the Medical Directors and staff who will oversee the physicians and medical protocol for the Boston Medical Group clinics.
Acquisition—Men's Medical Corporation will, after closing, hold a license for the use of certain proprietary, personalized treatment processes for erectile dysfunction and premature ejaculation known as The Boston Method in the United States together with other protected marks, trade names and patents associated with men's health and lifestyle management. Upon consummation of the transaction, Men's Medical Corporation intends to roll out development of strategic alliances with Physicians nationwide to offer a full range of men's health and lifestyle services incorporating the intellectual property.
The licensed rights to be utilized by Men's Medical Corporation include but will not be limited to those licensed to other third party licensees to the Boston Medical brand of products and services. The contemplated transaction does not relate in any way to the business activity of North American Men's Health, Inc, ("NAMH"). NAMH is a third party, independent licensee to the Boston Medical brands established in 2002, operating Boston Medical Group clinics, in the United States.
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Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains 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) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release. Political and operational risks in the countries in which Emerging Media Holdings, Inc. may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in Emerging Media's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009. Copies of each filing may be obtained from Emerging Media Holdings or the S.E.C. or its web site at www.sec.gov.
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