Hard to Treat Diseases (HTDS) Discusses Divestiture of Collagenna (AGIJ)
In a company filing on June 23, 2010, HTDS reported legal recommendations pertaining to resolving the company's Caveat Emptor (skull and bones) ranking with Pink Sheets. The consulted securities lawyer suggested a divestiture with Collagenna to simplify HTDS' corporate structure. Following these recommendations, HTDS began the process of looking for a buyer for Collagenna. Axia Group Inc. (PK:AGIJ), a business holding company, expressed interest in purchasing Collagenna, since it is currently seeking viable merger candidates. HTDS is pleased to announce that negotiations have begun on this matter.
HTDS, management is of the opinion that, "This is a mutually beneficial divestiture arrangement. Collagenna is a very valuable company, with tremendous growth and global distribution opportunities, but is perhaps better suited in another company. Our board believes that this divestiture will strengthen shareholder value of HTDS. Investors and followers are keen on HTDS' commitment to medical technology and research and we intend to foster this keenness."
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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.
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SOURCE Hard to Treat Diseases
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