International Merchant Advisors Completes All Stock Based Purchase of Medical Marijuana Company Organic Science, Inc.
KINGWOOD, Texas, March 15 International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com announced today that the company has completed the purchase of medical marijuana management and development company Organic Science, Inc. in an all stock transaction. Organic Science, Inc. will be the primary operating subsidiary of IMAI in this business segment, and is focused on the implementation of the Organic Science plans for management, acquisition and development of medically supervised Wellness Centers and Medical Marijuana clinics in selected markets throughout the USA, including California, Colorado, Montana, New Mexico and others. International Merchant Advisors agreement to purchase Organic Science was subject to a valuation from an independent third party, and CEO Mel Roseman stated, "The Organic Science valuation and research study positively validated our plan to acquire the company, and Organic Science now provides us the foundation to rapidly grow our business, with the acquisition of an existing company and current revenue expected in 2010. New management contracts pending and numerous acquisition opportunities under negotiation should make IMAI and Organic Science one of the most financially successful public companies focused on Wellness Centers and Medical Marijuana chronic pain relief."
About International Merchant Advisors, Inc.
International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies focused on the development of Wellness Centers and Medical Marijuana clinics as a natural alternative for individuals suffering from chronic pain. IMAI intends to bring professional systems and controls to this highly fragmented mom and pop business, with medical supervision and legal compliance standards designed to raise the performance bar for those entering this highly regulated business segment. The company will acquire existing businesses, license and develop new clinics, and will act as an operations manager for non profit entities that dispense medical marijuana.
This release contains "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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
SOURCE International Merchant Advisors, Inc.
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