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Fit For Business Signs LOI to Acquire Footfridge Pty Ltd. Thursday March 15, 11:20 am ET
NEW YORK and BRISBANE, Australia, March 15, 2007 (PRIME NEWSWIRE) -- Fit For Business (OTC BB:FFBU.OB - News) announced today the company has signed a letter of intent to acquire Footfridge Pty Ltd., an innersole manufacturer based in the United States and Australia. Footfridge Pty Ltd. will become a wholly owned subsidiary of Fit For Business. The completion of the transaction is subject to the signing of definitive agreements and customary closing conditions. Footfridge Pty Ltd. manufactures innersoles that cool the feet of the wearer. The patented design has been marketed in the United States and Australia.
The patented product (U.S. Patent number 6,967,044) is the only innersole in the world that contains a coolant. The active substance used in the product also provides stimulation to the soles of the feet every time the wearer takes a step. This stimulation makes the muscles in the feet expand and contract, drawing extra blood to the feet. The increase in blood flow combined with the cooling effect of the innersole offer a new level of comfort.
About Fit For Business Inc.
Fit For Business Inc. (OTC BB:FFBU.OB - News) is a corporate health company providing a wide range of corporate wellness programs and products. The programs incorporate nutritional supplements, physical activity programs with monitoring and reporting, all which support a healthy workforce. The results help the profits of each company by proactively dealing with the increasing epidemic of poor health, which equates to increased absenteeism and lower levels of productivity. Fit For Business has invested to qualify for the ISO 9001:2000 standards to ensure the highest quality of service for its programs.
Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements.
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