ClassicVision Entertainment Inc. Announces Signing of MOU With Quantumwellness4u Inc.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 7, 2000 The Board of Directors of ClassicVision Entertainment Inc. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) PINK SHEET:CLVE) (Classic) announced today that it has signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Quantumwellness4U Inc. (Quantum), a Nevada private corporation, to acquire Quantum and to build a comprehensive Wellness Portal, with special emphasis towards herbal and wellness unique practices and philosophy, raw material and products from regions with long history of natural remedies, such as India, China, Africa, Russia, parts of Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Europe. Quantum is in possession of the concept and the various stages of development of a consumer and professional wellness portal, which provides comprehensive source for products, services and information to empower consumers with integrated solutions to effectively manage their health and well-being and enriches professionals with in-depth knowledge of detail and specific information in the regions referred. Quantum is also in possession of a number of agreements: with a leading Chinese doctor who is also a molecular Biologist for the exclusive use for the wellness and supplement market of his eight patented products; an exclusive raw material agreement with African Rainforest The African Rainforest is a large expanse of equatorial rainforest at the center of the African continent. The dense forest begins south of the plains region of the Sahel and a region of more sparse forest. Botanical of Ghana and agreement with Cell Culture Technology for its herbal products. &uot;The Worldwellness4U Portal, when completed, will encompass nine sites, each concentrating in one particular region. As an example, we can procure unique traditional Ayurvedic herbal products, for companies and individuals, directly from India,&uot; said Dr. David Allen, president, Quantumwellness4U Inc. &uot;We offer a large selection of Indian herbal formulas via our India Herbal Online Ayurvedic Pharmacy. We offer clinical trials services and product development services based on India's wealth of experience in developing herbal remedies and natural products.&uot; &uot;We will offer to US/European Union/Pacific Rim based companies opportunities to reach India's markets and we will also offer companies in India opportunities to reach US/EU/Pacific Rim markets,&uot; Allen added. &uot;We will further offer long distance learning opportunities with Ayurvedic medical authorities in India.&uot; Classic believes that with its declared interest in the Indian Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises focus of Quantum and its mission in developing the best Wellness Portal and health information site as a comprehensive source for products, services and information fits into the company's acquisition profile. In association with leading wellness Institutions from around the World, the Quantum wellness journalists, nutritionists, herbalists and complementary medical contributors will offer unbiased and trusted health resources via reference guides, up-to-date news feeds, deep research on the best traditional herbal products from India, China, Africa, South and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. , Russia, Europe, Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. as well as personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. and interactive tools. This virtual community will be the nexus for uniting people interested in wellness with each other and the information, products and knowledge that they seek. Allen has over two decades of experience in management, research, product development, publishing and public speaking. He is considered one of the leading educators and researchers of unique proprietary products in the nutrition industry, and is searching out and developing sustainable rainforest products throughout the World. He is the founder of Cernitin America, and is the co-founder and chief executive officer of Quantum Wellness and Quantum Botanical, as well as People's First. &uot;We are very excited with this new intended acquisition of Quantum, as we see the Quantum Wellness business model will create synergy through leveraging two great revolutions which are occurring -- the Internet revolution and the 'global Wellness, nutraceutical nu·tra·ceu·ti·cal n. A food or naturally occurring food supplement thought to have a beneficial effect on human health. nutraceutical and consciousness' revolution,&uot; said Gracie Homsey, chairman and 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. of ClassicVision Entertainment Inc. &uot;We believe Quantumwellness4U.com is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. to set the standard for wellness information and products for the 21st Century.&uot; This will be a stock and cash transaction for which Classic will pay Quantum US$50,000 and exchange a 1 for 1 stock for all Quantum's 5 million issued and outstanding shares. The definitive agreement is expected to be signed within 10 days. ClassicVision Entertainment Inc. is quoted on the NQB Pink Sheet as &uot;CLVE.&uot; CAUTIONARY STATEMENT: This new release may include &uot;forward-looking statements&uot; 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 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. 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. For further information please contact: Gracie Homsey, ClassicVision Entertainment Inc., 858/756-8281. |
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