University Health Industries Acquires Mosquito Pro Tech
BOCA RATON, Fla.--(EON:Enhanced Online News)--University Health Industries, Inc. (OTC:VRTN), a Florida corporation engaged in the development, marketing and sale of proprietary, patent-pending nutraceutical products including its leading brands Arthroleve(TM) and Zenstral PMS(TM) is pleased to announce the acquisition of Mosquito Pro Tech (MPT).
“The acquisition of MPT is part of University Health Industries' overall strategy of creating an integrated consumer health products company.”
Today, University Health Industries completed the acquisition of MPT, an Ontario based private company, which has developed a patent-pending all natural Mosquito and biting insect repellent system. The acquisition was completed effective today with MPT shareholders receiving 6,875,000 restricted common shares of University Health Industries. The shareholders and Board of Directors of MPT unanimously approved the offer by UHI.
Mr. Dean Peloso, CEO of University Health Industries was quoted as saying, “The acquisition of MPT is part of University Health Industries' overall strategy of creating an integrated consumer health products company.” The acquisition of MPT falls under UHI's newly created environmental division.
Dr. Jarret Morrow, President and Chief Scientific Officer of University Health Industries, went on to add, “With escalating concern over the increasing prevalence of mosquito borne diseases like West Nile Virus and other forms of viral encephalitis, we are excited to offer consumers an all-natural alternative to DEET in the form of a repellent system to help reduce the transmission of these diseases. The MPT product has been tested at ICR Inc. for efficacy (a USA, 3rd Party, GLP-Compliant Accredited Lab.)”
Mr. Peloso continued, “We are also extremely pleased to announce the appointment of David Doering to the UHI Board of Directors in conjunction with this acquisition. Mr. Doering has a BA in Economics from Wilfred Laurier University and has accumulated a wealth of corporate finance and investment banking experience, in both public and private markets over the past 15 years. His experience and insight will be invaluable assets for UHI going forward”
About MPT
MPT has created an all Natural Mosquito Repellent System . The MPT product is unique proprietary patent pending formulation , that is non toxic and has been evaluated and tested at ICR (a USA 3rd Party GLP-Compliant Accredited Lab). The MPT ingredients fall under the EPA exempt list of approved substances.
About University Health Industries
(http://www.universityhealthindustries.com): Every year university labs around the globe identify research and test natural compounds and formulations which have the potential to improve our quality of life. The majority of these potentially life changing discoveries are never commercialized for the benefit of the public.
University Health Industries, in collaboration with university based researchers worldwide, researches and identifies those compounds that have proven evidence based effects and have the greatest potential for improving our lives.
University Health Industries' mission is to deliver the latest advances and discoveries in natural compounds packaged in our unique patented formulations including Arthroleve™ (www.Arthroleve.com) as well as Zenstral PMS™ (www.zenstralpms.com) and delivered to satisfy the needs of consumers for the promotion of health for many common age-related health concerns. www.universityhealthindustries.com.
KEYWORDS: arthritis arthroleve acquisition health natural products university health industries zenstralpms
