Hestia Insight Relaunches Effort to Assist Asian Companies Gain Access to U.S. Public Markets
Hestia Insight Inc. (OTCQB: HSTA) announces the engagement of PK International Inc. to enhance its sales and marketing presence in Asia. Following a post-COVID-19 strategy, the company aims to support Asian firms in accessing U.S. public markets. Hestia Insight is also pursuing an M&A strategy, looking for opportunities in healthcare, wellness, and nutrition sectors. The management team will include experienced directors and legal counsel to identify viable M&A candidates, focusing on companies with positive cash flow.
- Engagement of PK International to expand Asian market presence.
- Pursuing M&A strategy to identify candidates in healthcare and wellness sectors.
- Focus on established companies with positive cash flow seeking access to U.S. capital markets.
- None.
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Las Vegas, NV, June 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hestia Insight Inc. (OTCQB: HSTA) (“Hestia Insight” and the “Company”), a Company focused on the development of novel technologies in the healthcare and biotech sectors, and providing sales and marketing guidance and capital markets advisory services to its clients, today announced that it has engaged PK International Inc., a Taiwan corporation, as its exclusive sales and marketing agent to expand the Company’s presence in Asia.
“After the disastrous worldwide impact of COVID-19, we are relaunching our effort to reach Asian companies that are interested in gaining access to the U.S. public markets,” said Edward C. Lee, the Company’s Chief Executive Officer and Chairman.
In addition, the Company is employing an M&A strategy and is assembling a highly experienced team, including management-level executives, an independent director, corporate and securities legal counsel, and veteran consultants, to explore and identify potential merger and acquisition candidates. Hestia Insight is specifically interested in companies within the healthcare, wellness, and nutrition industries, inclusive of healthy foods and supplements, health technology, and healthcare.
Mr. Lee explained, “We believe that Hestia Insight can add significant value and experience for established, revenue generating companies with positive cash flow that are seeking to gain access to the U.S. capital markets and grow their operations through M&A.”
About Hestia Insight Inc.
Hestia Insight Inc. (“Hestia Insight” and the “Company”) is focused primarily on the healthcare and biotech sectors through the Company’s two wholly owned operating subsidiaries, Hestia Investments Inc. (“Hestia Investments”), and HSTA Health Inc. (“HSTA Health”). Hestia Investments provides strategic consulting, medical supply sales and marketing support, management, and capital markets advisory services for select micro, small and medium sized companies within the healthcare and biotech sectors. HSTA Health provides healthcare management and patient services and develops new healthcare technologies for neurological and psychiatric disorders. The Company is positioned to make strategic acquisitions of emerging growth companies with unique sciences and technologies.The Company intends to pursue the acquisition and development of healthcare related technologies in the healthcare and biotech sectors through acquisition, licensing, or joint ventures. The Company will also consider a third avenue of investing in certain technologies. The Company entered the healthcare sector to explore emerging healthcare technologies, especially growth companies that own and develop unique sciences and technologies.
For more information about Hestia Insight, please visit the Company’s website: www.hestiainsight.com
Hestia Insight Investor Relations: investors.hestiainsight.com
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Hestia Insight is subject to the information and reporting requirements of the Securities Exchange Act of 1934, as amended, and, in accordance with the Securities Exchange Act, the Company files periodic reports, documents, and other information with the SEC relating to our business, financial statements, and other matters. These filings are available to the public on the Commission’s website at http://www.sec.gov.
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby.All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company's future financial position, business strategy, plans and objectives, growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors set forth in the Company's Annual Report on Form 10-K for the year ended November 30, 2021 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.
Investor Relations Contact:
Paul Knopick
Tel: 940.262.3584
Email: pknopick@eandecommunications.com
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