Desert Health Products Inc. to Spin Off Royal Phoenix.Business Editors & Health/Medical Writers SCOTTSDALE, Ariz.--(BW HealthWire)--Oct. 24, 2000 -Desert Health Products Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DHPI DHPI Desert Health Products, Inc. (alternative medicine) ) Tuesday announced the Spin Off of its Royal Phoenix Group of 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. products. Under the terms of the executed Separation and Distribution Agreement each shareholder of Desert Health will receive shares in the newly formed Royal Phoenix Corp. The distribution of the shares is anticipated to occur no later than Dec. 15, 2000. Johnny Shannon, president of Desert Health, indicated that the Spin Off provided Desert Health with a means of marketing its Royal Phoenix Group of products through an independently capitalized marketing entity, while maintaining a profit center through an agreement with Royal Phoenix to manufacture, package, ship, and handle the credit card processing of the products being distributed. Desert Health primarily markets its product lines to the European, Asian, Central and South American and the Middle East markets through a channel of distributors, which Desert Health has created over several years. Most recently, Desert Health received approval to open its largest Asian operations in Beijing, China. The agreement with Royal Phoenix provides Desert Health with a new template for marketing its products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and possibly elsewhere. Shannon indicated that, "We are taking a wait and see attitude prior to projecting any major revenue stream, however all financing will occur through the newly created separate entity." He further indicated that, "Desert Health enjoys the elements of a no risk situation in light of the difficulties many companies are having in regards to capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. ." 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: Except for historical information, the matters set forth herein, which 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. , involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to: any perceived or actual benefits of the Spin Off, including the completion of the transaction, the anticipated share distribution date, the market acceptance and amount of sales derived from the company's operations through the Spin Off, the competitive environment within the nutrition and dietary supplement Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement industry, and the market acceptance and successful technical and economic implementation of the company's operations as relates to the Royal Phoenix products. |
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