Aquagen International Inc. Merges with Hoodia Products International Inc.LINDON, Utah Lindon is a city in Utah County, Utah, United States. The population was 8,363 at the 2000 census. By 2004 its population had been estimated to increase slightly to 8,489. Geography Lindon is located at (40.338552, -111. -- Aquagen International Inc. (Pink Sheets: AQGL), a 10-year-old company, today announced its merger with Hoodia Hoodia (IPA: 'hʊdiːə) is a genus of 13 species in the flowering plant family Apocynaceae, under the subfamily Asclepiadoideae. Products International Inc. (Hoodia). In March 2005, Aquagen completed the sale of its assets to Electric Aquagenics Unlimited Inc. (EAU EAU European Association of Urology EAU Emiratos Árabes Unidos (Spanish: United Arab Emirates) EAU Estonian Agricultural University (Tartu, Estonia) EAU Estimated Annual Usage EAU Environmental Archaeology Unit ) for stock and EAU's assumption of certain of Aquagen's liabilities. "Since last March we have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a company into which we can merge our Aquagen public company. We believe that we have located an excellent candidate with superb future prospects in Hoodia," said Joanne Clinger, Aquagen's president. "We wanted to find a company in the natural products field with which we could cross market our Aquagen products. We found Hoodia and its management agreeable to this and this made the selection of Hoodia much easier." "We have been in business for over two years, developing and acquiring a pure supply of the Hoodia Gordonii Hoodia gordonii is a medicinal plant. Medicinal uses The use of Hoodia has long been known by the indigenous populations of Southern Africa, who infrequently use these plants for treating indigestion and small infections. plant which is the essence of our product. We believe that our Hoodia is of the highest quality and is superior to other Hoodia products now being marketed," said Kedric Van de Carr, Hoodia's president. "The Hoodia plant has been traditionally used to suppress a user's appetite without any known deleterious side effects Side effects Effects of a proposed project on other parts of the firm. . It has been used for generations by the African Bushmen to suppress their appetites while on long and extended hunting trips." "By merging with Aquagen, we now have a base of shareholders that understands the natural products industry. As we roll out our Hoodia products through new and exciting market channels, we believe that these stockholders will share our excitement as our sales increase. We are very confident about our ability to execute on our business plan and taking our company public is a big step in this plan," said Jacob Mullins, Hoodia's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "I have posted a letter on our Aquagen Web site, www.aquagen.com, explaining this merger and the EAU transaction in greater detail. I urge all interested shareholders to read this letter," said Clinger. With the completion of this transaction, Aquagen International Inc. will change its name to Hoodia Products International Inc. and obtain a new trading symbol Trading symbol See: Ticker symbol within teo weeks. Aquagen is listed on the Pink Sheets Exchange. For more information, contact Jacob Mullins at 230-623-3990. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. |
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