GoHealth.MD Proceeds with Merger/Acquisition Process
WEDNESDAY, MARCH 24, 2004 9:00 AM
- BusinessWire
GOMD .42 -.07
NEW YORK, Mar 24, 2004 (BUSINESS WIRE) -- GOHEALTH.MD, Inc. (OTC BB: GOMD) announced progress discussions with merger & acquisition targets(s). GoHealth.MD. Inc. Board of Directors meeting is scheduled for the coming month of April 2004, to consider the merger, and or acquisition of three "target" operating companies. Gary L. Crooks, member of the Board and Chair of Shareholder Relations Committee, has indicated that informal discussions between the members of the Board have currently identified three operating and privately owned and controlled companies with current revenues approximating $10,000,000 plus. Two of the operating companies have been in business for more than five years, the third company is a new product business company with distribution contracts from several of the large discount retailers in the U.S.
Mr. Crooks indicated that a proposal would be presented to the Board of directors for approval by the board for a formation of an "Advisory" board. The advisory board will consist of independent persons with upper level management experience in related fields that the corporation is investigating. Further, to position the corporation to facilitate the anticipated merger and or acquisition(s), he anticipates that the Board will be considering changing its name to a more appropriate name reflecting its course of direction. The selection of Company Auditors, General Counsel, employee benefit plan(s), stock option grants, and other employee-related issues will be proposed and voted on at that time.
The company will in the weeks to come continue to release all pertinent news as it develops. We at the company are very excited of the progress and are committed to maintaining our shareholders informed of all progress going forward.
About GoHealth.MD, Inc.
GOMD is a Nevada corporation with headquarters in New York. The Company has ceased all prior operations in the health care and alternative health care industries, and is currently negotiating a merger/acquisition that would enhance shareholder value.
FORWARD LOOKING STATEMENT
The information contained in this news release, other than historical information, should be considered forward-looking statements that are protected under the safe harbor of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and descriptions of management expectations regarding future events or financial performance, although made in good faith, are inherently uncertain and actual events or results may differ markedly from any forward-looking statements. We undertake no duty to update any of the forward-looking statements as a result of new information, future events, or otherwise. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives and personnel, declining prices, and other economic factors. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
SOURCE: GOHEALTH.Md, Inc.
GoHealth.MD, Inc.
Gary Crooks, 561-558-1016
or
David Reichman, 917-572-5733
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