Therma-Med, Inc. Signs LOI in Ag/Zn/Pb Mineralized Property in B.C.
May 18 2011 - 8:03AM
Marketwired
Therma-Med, Inc. (PINKSHEETS: THRA) ("the Company") would like to
announce it has signed an LOI to purchase Interest in Silver
property in British Columbia, Canada.
The Property of interest is located within the Mining Division
of Slocan, B.C., Canada. The property's geology is part of a
Northwest-trending belt of sedimentary rocks called the Slocan
Group. Further information regarding the LOI and the property
details remain confidential and will be released immediately when
the deal has been finalized.
The letter on Intent is subject to an "Exclusivity Period" until
June 01, 2011, during which both parties agree to negotiate the
final terms and conditions for the Definitive Agreement. The LOI
will be superseded by a definite agreement and closing will be
subject to several conditions including and limited to, completion
of satisfactory due diligence and the receipt of required third
party consents. During the Exclusivity period and until the closing
date, THRA shall continue to operate its business in the ordinary
course.
"I believe that this business decision can bring the company to
new and higher levels much faster than if Therma remained at the
stage where it was before this turnover. With the guidance and
participation on this project of Zajay Trujillo, I see this as a
win-win situation for all of our shareholders as this step has a
strong potential to increase their value and secure significant
future growth for the company," said Joshua Suarez, President of
Therma-Med, Inc.
About Therma-Med, Inc.: Therma-Med, Inc. provides alternative
medicinal procedures, premium nutritional supplements, medicinal
products and current medical support services by making them
available to patients through their clinics and online through
e-commerce purchasing applications. Therma-Med, Inc., through
highly specialized Thermal Imaging and breakthrough alternative
procedure clinics, is poised to become a healthcare industry
leading company, providing the alternative medicine approach to
good health, as well as providing patients with an adjunctive
diagnostic procedure that effectively pursues and exposes the
benefits of early detection and prevention of various medical
conditions. Therma-Med, Inc. utilizes thermal imaging systems that
incorporate state-of-the-art infrared technologies and proprietary
software to accurately and cost-effectively measure physiological
changes in the human body, allowing patients of all walks of life
access to a proactive form of maintaining good health and quality
of life through early detection and prevention.
Safe Harbor
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Therma Med, Inc. with members of its
management team as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The Company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contact: Therma-Med, Inc. www.therma-medinc.com Email
Contact
Therma Med (CE) (USOTC:THRA)
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