Medstretch Inc. Completes Acquisition of Pride Business Development Group.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Medstretch Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is pleased to announce that on August 24, 2004, it completed its acquisition of Pride Business Development Group, a Nevada corporation pursuant to a Share Exchange Agreement entered into between the companies on August 2, 2004. About Pride Business Development Group Pride is a development stage company, the principal assets of which are certain worldwide exclusive license agreements for the use of certain registered tradenames and trademarks in connection with certain products focused on the Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States marketplace. Licensed tradenames and trademarks include Smith & Wesson Smith & Wesson U.S. gun manufacturer. The company has its roots in an 1852 partnership between Horace Smith (1808–93) and Daniel B. Wesson (1825–1906), who designed and marketed a lever-action, repeating magazine handgun that held a self-contained cartridge. (TM), and certain other trademarks and tradenames owned by Smith & Wesson Holding Corporation, in connection with body armor Noun 1. body armor - armor that protects the wearer's whole body body armour, cataphract, coat of mail, suit of armor, suit of armour armet - a medieval helmet with a visor and a neck guard , vehicle armor and automated external defibrillators automated external defibrillator Emergency medicine A portable device designed for use by first-response personnel for out-of-hospital emergency treatment of Pts suffering from cardiac arrest. See First-response personnel. . Pride also holds a worldwide exclusive license for the use of the tradename of HeartBeat(TM) in connection with automated external defibrillators. Pride has also entered into long-term agreements pertaining to the manufacture and design of its line of body armor and automated external defibrillators. After the share exchange, the management of Pride plans to pursue its business plan of becoming a principal source for the unique, yet ever growing list of equipment and material demanded by the Homeland Security marketplace. Forward Looking Statement This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. |
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