AllStar Health Brands Inc. Announces the Formation of AllStar Global Media

Rhea-AI Summary

AllStar Health Brands Inc (OTC PINK:ALST) has signed a Memorandum of Understanding (MOU) to form a strategic partnership with Media Fusion Inc. The partnership will create AllStar Global Media (AGM), focusing on global health and medical content. AGM plans to cover over 500 million TV homes across 32 countries and 26 languages. AllStar will invest working capital and issue 20 million shares over 24 months, worth approximately $80,000. The new media company aims to enhance media opportunities for the pharmaceutical industry.

Positive

• Formation of AllStar Global Media to enhance media presence.
• Access to Media Fusion's network covering over 500 million TV homes.
• Strategic partnership expected to boost growth in medical content.

Negative

• Issuance of 20 million shares may cause shareholder dilution.

MIAMI, FL / ACCESSWIRE / May 26, 2022 / AllStar Health Brands Inc (OTC PINK:ALST) ("AllStar" or "the Company") announces the signing of a Memorandum of Understanding (MOU) forming a strategic partnership with Media Fusion Inc. ("MF") and together developing AllStar Global Media ("AGM") focusing on medical / health content for the advancement of healthy living globally.

AllStar Global Media ("AGM") A new media company plans to produce, market, distribute media content and products around the world focused initially on the pharmaceutical industry Expanding media coverage and opportunities for medical centric companies and their products throughout the world. This unwired network of global media outlets covers more than 500 million TV Homes and Digital Platforms in at least 32 countries serving 26 languages.

Pete Wanner, CEO of AllStar says" This is an exciting time for AllStar, allowing us to work our way into the media business with a partner rich in background and expertise. We see huge upside in the future for this partnership."

AGM will own the media and hard assets of the partnership and provide the administration of the company.

The partnership will be capitalized as follows:

- Allstar will invest in MF for working capital use. These monies will be disbursed over a period of three months in intervals approved by Newco corporate directors.

- AllStar will deliver 20 million shares of AllStar Health Brands, Inc, traded on the OTC Markets as ALST (which as of May 25, 2022, equates to ~$80,000). These shares will be issued on a quarterly basis over 24 months. The shares will be issued with holds of 12 months. These shares will be restricted for 1 year from the date the shares are issued.

- MF will turn ownership of a select portion of its' assets to Newco.

AGM will have immediate access to the global media footprint Media Fusion Inc. has been developing over the past 25 years. This unwired network of global media outlets covers more than 500 million TV Homes and Digital Platforms in at least 32 countries serving 26 languages.

MF will immediately add vital experienced and seasoned media executives to staff the new media assignments. The first of expected AGM clients will include MF's contracted agreement with DREAMSTORE Media and their content library. Additional content and media projects will be announced over the next 30 - 60 days.

AllStar Health Brands Inc.:

AllStar Health Brands Inc. is a Nevada Corporation established in 2017, and headquartered in Miami, Florida. AllStar is a specialty HealthCare Products Company dedicated to improving health and quality of life by offering select, nutritional supplements, over the counter remedies, and medicines all across the Americas and Europe. AllStar's goal is to bring additional products to the market and provide new, innovative options for better health and wellbeing.

For further information, please contact:

Source: AllStar Health Brands Inc.
Telephone: 416 918 6987
Email: peterw@firstnationalenergy.com
Website:www.allstarhealthbrands.com

SOURCE: Allstar Health Brands, Inc.

View source version on accesswire.com:
https://www.accesswire.com/702856/AllStar-Health-Brands-Inc-Announces-the-Formation-of-AllStar-Global-Media

FAQ

What is the Memorandum of Understanding signed by AllStar Health Brands?

AllStar Health Brands has signed an MOU with Media Fusion Inc to form a strategic partnership for developing AllStar Global Media.

What are the objectives of AllStar Global Media?

AGM aims to produce and distribute health-focused media content globally, initially targeting the pharmaceutical industry.

How will AllStar Health Brands capitalize the partnership with Media Fusion?

AllStar will invest working capital and issue 20 million shares over a period of 24 months, valued at approximately $80,000.

What potential challenges does AllStar Health Brands face from this partnership?

The issuance of 20 million shares may lead to shareholder dilution, which could negatively impact existing shareholders.

What is the significance of the 500 million TV homes mentioned in the press release?

The 500 million TV homes represent the potential audience reach for AllStar Global Media, enhancing its market presence.