Health Sciences Group Company Update
December 14 2009 - 8:30AM
Marketwired
Health Sciences Group, Inc. (PINKSHEETS: HESG) would like to
address the following concerns and updates to the current and
future shareholders:
We would like to address and clarify a few questions and updates
regarding recent and future activities of the Company.
1. The Company is making application to Pink Sheets, to apply
for its disclosure and news service. Once approved and cleared
through Pink Sheets compliance, along with an attorney letter in
respect to such documents, the company will be disclosing all
issues pertaining to the business of Health Sciences Group,
including up to date financials and ISSUED, OUTSTANDING and
AUTHORIZED shares. Upon approval the Company will be Pink Sheet
Current tier. Hopefully this will take place in January 2010.
2. Scottrade and TD Ameritrade have stopped buy orders on our
stock; you can sell but not buy stock through these two companies.
We along with our corporate attorney have been diligently working
on the situation in attempt to resolve such problem. Unfortunately,
we have not had much progress with either company other than both
companies telling us that the situation is temporary and it is
being addressed. The majority of online penny stock investors use
one or both of these firms. That is why we feel that our share
volume has been down. We suggest using Zecco Trading, Scottsdale
Capital Advisors, Worldtrade Financial, Fidelity, E-Trade etc.
3. Until late October HESG was just an online and
magazine/newsletter company. It wasn't until late October that we
announced the Company would be exploring opportunities with medical
marijuana. Since our announcement our stock price has increased and
we have made many large and small relationships within the medical
marijuana industry.
4. The Company has no intentions of doing a reverse stock
split.
5. The Company does have intentions of increasing our authorized
shares for purposes of acquisitions, this number is yet to be
decided.
6. Due to the situation with a drop in our stock price and the
situation surrounding TD Ameritrade and Scottrade our acquisitions
of two Montana medical marijuana facilities have been set aside
until we resolve the stock trading issues. However there are now 14
states and Washington, D.C. which allow certain opportunities for
the Company to establish a presence within the medical marijuana
industry in each of the fifteen which we are investigating and
exploring.
7. We encourage all investors and potential investors to contact
our New Investor Relations Department at info@igohealthy.org with
any questions. And we will be adding a company updates section to
our website by next week.
8. We have in fact retired 2.0 billion restricted common shares.
This does not affect the authorized share count.
9. Lastly, we are in a booming industry. Many ill people can
benefit from medical marijuana and we feel it will be legal for
medical purposes nationwide in times to come.
ABOUT HEALTH SCIENCES GROUP, INC.
Health Sciences Group, Inc. is a provider of health and wellness
services to consumers, physicians and other healthcare
professionals through its website, www.igohealthy.org, and health
focused publications. The Health Sciences network consists of its
public website, www.igohealthy.org, and iGoHealthy Magazine. The
Company operates in three segments: Online Services, Publishing and
Other Services. The Company is recently exploring options of
corporate growth within the Legal Medical Marijuana Industry.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Health Sciences Group, Inc.
to be materially different from the statements made herein.
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By Staff CONTACT: Health Sciences Group, Inc. Investor Relations
Health Sciences Group, Inc. Frank Godleski IR Representative Email
Contact: Email Contact
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