GH Capital's Vitana-X Signs a Letter of Intent to Acquire its Licensee in Europe
GH Capital, through its subsidiary Vitana-X, has signed a Letter of Intent (LOI) to acquire Vitana-X Europe AG, a Swiss marketing firm that generated approximately $2.5 million in revenue in 2020. This all-stock transaction demonstrates GHHC's strategy for expansion in 2021, aiming for full ownership of Vitana-X Europe. CEO Alois Anichhofer is optimistic about closing the deal by the end of December 2020, pending due diligence. This acquisition aligns with Vitana-X's mission to enhance wellness through innovative health solutions.
- Acquisition of Vitana-X Europe AG expected to enhance market presence.
- Potential revenue growth with Vitana-X Europe AG's $2.5 million revenue in 2020.
- Strengthens GHHC's growth strategy for 2021.
- None.
All-Stock Transaction for European Sales Organization
MIAMI, FL / ACCESSWIRE / November 24, 2020 / GH Capital, Inc. (OTC PINK:GHHC), through its Vitana-X subsidiary, a provider of comprehensive programs for greater well-being, fitness and health with a wellness network marketing program, is pleased to announce that it has signed a Letter of Intent (the "LOI") for the acquisition of Vitana-X Europe AG., a Swiss-based sales and marketing firm with an estimated revenue of
Alois Anichhofer, Chief Executive Officer of GH Capital, commented, "We are driven to complete the acquisition as soon as possible, and upon the completion of additional due diligence. I am optimistic to get this acquisition closed by the end of December 2020.
About GH Capital / Vitana-X
GH Capital, Inc.'s (OTC PINK:GHHC) Vitana-X, an international wellness company specializing in the development and manufacture of health-promoting products based on DNA analysis. As a pioneer in this industry and a worldwide network of highly qualified experts, it offers its customers extensive opportunities to lead a healthier life. Vitana-X offers comprehensive programs for greater well-being, fitness and health by helping you achieve the desired results and offering exercises that fit your body type. Vitana-X wants to support people in their healthy development and be their reliable partner for their full potential. Vitana-X comes from two worlds and wants to unite them in the future - science and the challenges of daily life, so that its customers can continue to care for other areas of life without sacrificing a healthy life.
For additional information on Vitana-X, please visit: https://vitanax.net/en/.
Forward-Looking Statements
Forward-Looking Statements. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Form 10-K filed on December 28, 2019, for the fiscal year ended September 30, 2018, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
Contact Information:
press@ghcapital-inc.us
305-714-9397
SOURCE: GH Capital, Inc.
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https://www.accesswire.com/617989/GH-Capitals-Vitana-X-Signs-a-Letter-of-Intent-to-Acquire-its-Licensee-in-Europe
FAQ
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