PACIFIC SOFTWARE INC - PFSF STOCK NEWS

Pacific Software announced the acquisition of a dietary supplement designed to support brain health and memory, marketed as SuppleMEM AD™ and A.L.Z. Defense™.

The formula, tested by leading Alzheimer's researchers, has been sold for over 8 years. The company is obtaining quotes to manufacture this product in the USA and Mexico, targeting distribution in the third quarter of 2024.

This acquisition aligns with Pacific's strategy to diversify into health and skin care products. The core formula, a blend of natural ingredients, has shown positive results in NIH-funded studies at UC Irvine and the University of Kentucky.

The company expects revenue from retail and wholesale channels. Dr. Leissring resigned as president on June 18, 2024.

Pacific Software announced its acquisition of a science-based dietary supplement focused on brain health and memory function, sold under the brand names SuppleMEM AD™ and A.L.Z. Defense™. This acquisition marks Pacific's expansion beyond its previous focus on skin care and wound healing. CEO Harrysen Mittler stated the product has been profitable for over 8 years, and studies funded by the NIH at the University of California, Irvine, and the University of Kentucky have validated its effectiveness. Pacific's President, Dr. Malcolm Leissring, emphasized that proceeds will support the AD Foundation's Alzheimer’s prevention initiatives.

Pacific Software has secured an exclusive licensing agreement with the University of California to develop, manufacture, and commercialize innovative peptide inhibitors of insulin-degrading enzyme (IDE) for skincare and wound healing applications.

The technology, developed with over $6 million in research funding, will be spearheaded by Dr. Malcolm A. Leissring, who will become the Chief Science Officer of Pacific.

The IDE inhibitors, marketed as Dermatrix™, have shown significant capabilities in boosting collagen production, making them revolutionary for both wound healing and cosmetics. The agreement, effective as of March 5, 2024, also makes UC Regents an equity partner in Pacific.

Pacific Software Inc. (PFSF) announced the acquisition of certain assets from Dreamaderm Inc., including a patented cosmeceutical technology called Dermatrix. Dermatrix boosts collagen production by preserving insulin in the skin, offering a wide range of dermatological applications. The technology was developed by Dr. Malcolm A. Leissring and has the potential to revolutionize the cosmetics and skin care industry.

Pacific Software, Inc. (OTCPINK:PFSF) has issued a letter to shareholders highlighting its achievements and future plans. In 2021, the company undertook significant restructuring and made strides in development with multiple joint ventures and acquisitions. Key successes include launching partnerships with Lincoln Clark and Raffaele Gallo, along with a 51% acquisition of a World of Beer tavern. Looking ahead, the company anticipates several new restaurant openings and a rebranding to align with its growth strategy.

Pacific Software, Inc. (OTC PINK:PFSF) announced a debt restructuring of approximately $3,000,000 to enhance its capital structure ahead of its growth initiatives for 2022. The restructuring moves legacy notes from a fixed percentage to a fixed price conversion rate, eliminating liability premiums and interest expenses. This adjustment is expected to simplify accounting and improve financial transparency. The company aims to launch several new restaurant locations and brands soon, indicating a robust growth strategy.

Pacific Software, Inc. (OTCPINK:PFSF) is repositioning to enter the fast casual restaurant market, projected to grow from $125.6 billion in 2019 to $209.1 billion by 2027, at a CAGR of 10.6%.

To spearhead this transition, the company has appointed Isaac Onn as CEO and Michael Finkelstein as COO, both with extensive industry experience. Their strategy includes acquiring restaurant chains affected by the Covid-19 pandemic, aiming to build a diverse cash flow portfolio. The company will also undergo a name change and is launching a new website soon.