PharmaSpritz Corporation Signs Licensing Agreement for New Sleep Aid
TORONTO -- (MARKET WIRE) -- 06/16/06 -- Innovation Holdings Inc.'s (PINKSHEETS: IVHN) target acquisition PharmaSpritz Corporation of Delaware, (www.slimspritz.com/investor) the manufacturer of SlimSpritz weight control spray and Compozure anti-anxiety spray has signed an exclusive licensing agreement with AZ Technologies Ltd. of New York for a patented oral spray formulation that induces a safe and natural sleep in its users.
Consisting of active natural source medicinal ingredients, Spritzzzz is a patented formula that creates a tension-free state of mind while physically relaxing the body so that it induces the user to fall asleep quickly and naturally. Spritzzzz is clinically proven to improve the quality of sleep without any negative side-effects.
Spritzzzz features a Metered Dose Aerosol Pump that instantly delivers effective and recognized herbal sleep aides. Spritzzzz is the only sleep aid that utilizes the exclusive Lipospray oral delivery system. The Spritzzzz Lipospray technology allows the consumer to self-regulate their intake and control their levels of sleep inducing herbal ingredients.
Mr. Burke has over 30 years experience in the consumer product marketing business, in retail distribution and in direct marketing. In addition, Mr. Burke introduced the first powdered meal replacement for weight loss, NutriSlim, to the Canadian marketplace in 1980.
The Company will rely on Mr. Burke and his management team's expertise to deliver Spritzzzz to the entire marketplace; initially through direct response marketing on the web and print publications and then infomercials. The comprehensive business plan calls for a national retail (in store) roll out by the end of the first year of distribution.
PharmaSpritz Corporation announced on February 22, 2006 that it had signed a Letter of Intent with Innovation Holdings Inc.; a Nevada Corporation who agreed to purchase all of its assets and those of its Canadian subsidiary in return for shares of Innovation Holdings Inc.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control.
For more information, please contact: Rhonda Windsor 905-898-2646
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.43 close today, up nicely for a slow trading day. Here is another view showing todays bullish candle and pushing the top bollinger band up. The macd line and the rsi are also making bullish moves. Looks like .50 might be coming soon on this one