Health Sciences Group Buys Swiss Research
January 31, 2005
Health Sciences Group Buys Swiss Research
LOS ANGELESNutritionalproducts developer Health Sciences Group (OTCBB:HESG) agreed to acquire theassets and operations of diet and wellness product marketer Swiss Research Inc.,based here.
Inked in December 2004, the acquisition adds distribution andproducts to the Woodland Hills, Calif.-based HESG.
This acquisition not only expands our direct-to-consumerdistribution channels by providing us with immediate access to over 3,000national retail locations, but it also brings us a suite of unique andinnovative products, which complements our current portfolio of patented andpatent-pending products, said Fred Tannous, co-chairman and chief executive officer ofHESG. We look forward to leveraging the distinctive Swiss Research and SwissDiet brand names, along with the established marketing and distributioninfrastructure, to create consumer awareness for our proprietary products andtechnologies as we endeavor to achieve significant sales next year.
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