ClassicVision Entertainment, Inc Announces Completion of Acquisition of Wellness Corporation.Business Editors SAN DIEGO--(BUSINESS WIRE)--July 14, 2000 The Board of Directors of ClassicVision Entertainment, Inc (Pink Sheets:CLVE) announced today that it has signed a definitive agreement with Quantum Wellness Corp to acquire its wellness Portals. Quantum is in the process of completing a business-to-business Chinese Herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. Wellness Portal, which will provide comprehensive information on over 300 different Chinese herbs Chinese herbs are herbs originating from China. They are widely used in Chinese cuisine. The use of Chinese herbs is a very popular tradition. “Many of the modern day drugs have been developed from these herbs such as the treatments for asthma and hay fever from Chinese , as well as a shopping Exchange offering proprietary raw material and products from its Chinese Strategic partner(s) to manufacturers and wholesalers. It will also offer a consumer Mall on specific supplement items. The site will also be manned by professionals within China who will respond to members enquiries on Chinese herbal knowledge. "The Chinese herbal core data is expected to be completed within 6-8 weeks, at which time the quantumwellness site will be launched," said Ms Gracie Homsey. "It is the Company's intention to work with its Chinese strategic partner(s) to build this as the largest tcm site within two years." The acquisition is a stock and cash transaction for which Quantum will be paid up to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 500,000, payable 60% upon signing of Definitive agreement and 40% upon launching of site. Stock payment is to be calculated at the average 30 prior days closing price. The Directors are also pleased to announce that with the signing of this definitive agreement, it can now proceed to prepare and file its Form 10-SB as well as to set a date for its annual stock holders meeting. ClassicVision Entertainment, Inc is quoted on the NQB NQB National Quotation Bureau, Inc (now Pink Sheets) PINK SHEET as "CLVE" CAUTIONARY STATEMENT: This new release may include "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act as amended, and/or the U.S. 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. All statements, other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in the release are expressly qualified by this notice. |
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