SALT LAKE CITY, Feb. 22, 2011 (GLOBE NEWSWIRE) -- Sector 10, Inc. (OTCBB:SECI) announced that it has acquired 100% of First Diversified Equities, Inc. ("First Diversified"). First Diversified is a business development and licensing firm. The name of the Company will be changed to First Diversified Equities, a new symbol applied for, new management brought on, a new Board of Directors formed along with moving the headquarters of the company to Miami, FL.
First Diversified is entering into an exclusive license to market in China and India a diabetic blood sugar controlling concentrate developed and successfully marketed in Israel and now being sold in the U.S. According to a study published in the New England Journal of Medicine, one in ten Chinese adults have diabetes with 16% of the population on the verge of developing it. The International Diabetes Federation (IDF) has reported that in China, 50 million men and 42 million women have diabetes. Eli Lilly and Company recently announced that they are opening a diabetes focused research center in China, "where the disease has reached epidemic proportions."
In India, by 2030, the number of people suffering from diabetes is expected to go up from 50 million to a staggering 87 million — which is 8.4% of the population. Dr. Anoop Misra, Director of the department of diabetes at Fortis Healthcare, reported to The Times Of India, that, "I feel that India's diabetes burden too will be a lot higher than estimated. At present, while 50 million are known to be diabetic, 100 million are at the stage of pre-diabetes in India."
First Diversified also counts among its assets, American Beverage Distributors, which is planning to enter into a joint venture agreement to acquire exclusive rights to distribute an internationally known name brand energy drink in the North and South American markets.
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments.
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