Hairmax Int. Targets New Salon Acquistion in Palm Beach County Florida.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- Hairmax International Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HRMX) Management is pleased to announce the company's Mergers and Acquistions team has targeted a beauty salon operation for potential acquistion that is expected to add an additional $850,000.00 to company sales, if this business is purchased. The successful salon operation is located in Palm Beach County, Florida Palm Beach County is a county located in the state of Florida. As of 2007, the county had a population of 1,351,236 according to the University of Florida, Bureau of Economic and Business Research[1]. . The company has two letters of Intent in place presently. One of the agreements is for a high-end salon, in the vicinity of Miami, that reports $1,300,000.00 in sales annually. Specific details are withheld, due to confidentiality agreements in place. The company believes successful acquistions of both companies will add over two million in sales annually if completed by year end. In addition, due dillengence and negoiations continue with the eight million dollar Chinese Spa and Salon operator as previously announced. HairMax International, Inc., is a Business Development Company operated pursuant to the Investment Company Act of 1940. It holds various enterprises as investments and seeks to develop companies in which it has an interest and specializes in business development within the personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. industry. These include the company's existing subsidaries as well as future acquisitions of existing businesses that further serve to enhance the company's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . This press release may include statements that constitute "forward-looking" statements usually containing the words "plans," "expects," "believes," "projects," "intends" or similar expressions. 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 risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the company with the Securities and Exchange Commission including forms 8k, 10sb, and 10-ksb. These risks and uncertainties include, but are not limited to the following: Company's limited working capital, competitive nature of hair services, consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. habits, legal and economic uncertainties and changes in consumer shopping trends and or availability of financing. Hairmax China offices: Steven Sun, Manager, 2nd Floor, Office Tower, Landmark Towers, 8th North Dongsanhuan Rd. Beijing. Tel.: 011-8610-65907991 Fax: 011-8610-65907993 Goldlion Digital Network Center , Weihang Cai, Director of Business Development, 138 Tiyu Road East Unit V02/4F Tian Tian or T'ien (Chinese; “Heaven”) In indigenous Chinese religion, the supreme power reigning over humans and lesser gods. The term refers to a deity, to impersonal nature, or to both. He, Guangzhou, P.R. China 510620 Telephone 011-8620-85118604 |
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