VBHIR
3 years ago
UPD Holding Corp. Announces Acquisition of Vital Behavioral Health Inc.
RENO, Nev., Feb. 24, 2021 (GLOBE NEWSWIRE) -- UPD Holding Corp. (OTC:UPDC) (the “Company” or “UPDC”), a publicly traded holding company in the health and wellness industry, is pleased to announce that it closed the acquisition of Vital Behavioral Health Inc., a Nevada corporation (“Vital”), pursuant to an exchange agreement on February 16, 2021 (the “Exchange Agreement”).
“The acquisition of Vital marks an important milestone in our efforts to serve communities that are being impacted by drug and alcohol abuse,” said Mark Conte, CEO of the Company. “With overdose deaths on the rise due to the proliferation of high-potency drugs such as fentanyl, the need for adequate treatment and recovery programs is clear. We look forward to being a part of the solution.”
As previously announced on October 7, 2020, Vital was formed for the purpose of becoming a provider of Medicare and Medicaid eligible substance abuse treatments and therapies under the brand Vital Behavioral Health™, as well as a provider of sober and transitional living accommodations under the brand Vital Sober Living™.
Vital’s flagship campus is in Frankfort, Kentucky and includes treatment and housing facilities subject to the licencing requirements referenced below. The facilities are fully walkable and within 1,000 feet of a gym, grocery store, hair salon, vape shop, restaurants, municipal golf course, and city park with tennis courts, playgrounds, and a water park. Frankfort, the capitol city of Kentucky, is in Franklin County and is the hub for governmental assistance programs in the state. Client outreach will include the surrounding counties and nearby metropolitan areas of Louisville and Lexington.
The Frankfort campus is operated by Vital’s two wholly owned subsidiaries, VBH Frankfort LLC and VSL Frankfort LLC, both Nevada limited liability companies. VBH Frankfort LLC (d/b/a Vital Behavioral Health of Frankfort) is in the pre-application process to become a licensed nonhospital-based outpatient alcohol and other drug treatment entity and intends to file its application with the State of Kentucky prior to April 1, 2021.
VSL Frankfort LLC (d/b/a Vital Sober Living of Frankfort) currently has identified 30 apartment and townhome style units with an approximate 90-bed capacity and flexible living space configurations.
Pursuant to the Exchange Agreement, the Company issued 16,840,000 shares of its restricted common stock to the Vital shareholders in exchange for 100% of the outstanding common stock of Vital.
About Vital Behavioral Health Inc.
Vital Behavioral Health Inc. intends to be a national operator of clinical and transitional housing services for clients affected by substance use disorders and co-occurring disorders. Vital’s treatment plans are based on an individualized approach and are customized to meet each client’s special needs.
Clients of Vital Behavioral Health facilities are intended to have access to Medically Monitored Withdrawal Management Services (MMWM), a Partial Hospitalization Program (PHP), an Intensive Outpatient Program (IOP), and an Outpatient Program (OP). Clients who participate in the PHP, IOP, and OP treatment programs will be eligible for housing through Vital Sober Living, which is designed to give a client the ability to participate in his or her daily affairs and work and to have access to daily on-campus treatment at convenient times and locations.
By keeping most of its treatment facilities and housing on campuses that are conveniently located within walking distance to traditional community services, Vital hopes to create Sober Cities™ that will nurture its clients’ development through a continuum of care at all stages from detox to long-term self-sufficiency.
About UPD Holding Corp.
UPD Holding Corp. is a publicly traded holding company in the health and wellness industry that operates through its subsidiaries, Vital Behavioral Health Inc., VBH Frankfort LLC, VSL Frankfort LLC, United Product Development Corp., and iMetabolic Corp. The Company’s growth strategy focuses on target demographics and markets that are believed to represent underserved patient and consumer needs, as well as on leveraging marketing networks and customer remarketing opportunities across in-house operations and strategic partners.
https://www.globenewswire.com/news-release/2021/02/24/2181579/0/en/UPD-Holding-Corp-Announces-Acquisition-of-Vital-Behavioral-Health-Inc.html
SPEEDTRADER
11 years ago
Tempco, Inc. Announces Company Name and Stock Symbol Changes
"Esio Water and Beverage Development Corp." Commences Trading Under Stock Symbol "ESWB" Effective January 18, 2013
SCOTTSDALE, AZ, Jan 18, 2013 (MARKETWIRE via COMTEX) -- Tempco, Inc. (OTCBB: ESWB) (OTCBB: TEMO) today announced that FINRA has approved a change of the Company's name to "Esio Water and Beverage Development Corp." Effective today, the Company's common shares will commence trading on the OTC Bulletin Board under the new trading symbol "ESWB". The previous trading symbol was "TEMO".
A spokesman for the Company noted that the name change, from "Tempco, Inc." to "Esio Water and Beverage Development Corp.", more appropriately reflects the Company's business and strategic goals.
Forward-Looking Statements
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, consumer acceptance of the ESIO Hot & Cold Beverage System, the impact of competitive products and services, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
For additional information, please contact:
Anthony Silverman
Chief Executive Officer
(480) 980-0179
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
or via email at Email Contact
SPEEDTRADER
12 years ago
Tempco, Inc. Executes Regional Developer Agreement With ESIO Franchising, LLC. Covering Dallas / Fort Worth Area
First of Eleven Optioned Territories Offers Potential for up to 50 Unit Franchises Targeting Population of Over 2.8 Million Households
SCOTTSDALE, AZ, Aug 20, 2012 (MARKETWIRE via COMTEX) -- Tempco, Inc. (OTCBB: TEMO) ("Tempco" or "the Company") today announced that the Company has executed a Regional Developer Agreement ("the Agreement") and three franchise agreements with ESIO Franchising, LLC ("ESIO"). The Agreement covers the Dallas / Fort Worth region of Texas and three franchises therein.
The Dallas / Fort Worth region has a population of over 7.7 million people and over 2.8 million households. Upon the execution of the Regional Developer Agreement, Tempco paid to ESIO $250,000 in cash, including a credit of $70,000 from a payment made earlier in the year on a deposit agreement covering 10 other regions with ESIO.
"We are pleased to announce the execution of our first Regional Developer Agreement, under which Tempco has the exclusive right to operate and/or sell up to 50 Unit Franchises in the Dallas / Fort Worth ("DFW") area," stated Anthony Silverman, the Company's Chief Executive Officer. "We believe the demographics and financial profile of households in the DFW area are ideal for the ESIO hot & cold single-serve beverage system, and we are committed to providing our Unit Franchisees with all the tools necessary to assure outstanding service to consumers and businesses in the region. Wal-Mart's pending retail introduction of ESIO's countertop beverage system, which will complement the existing floor stand system, should greatly increase consumer awareness of the product and the rapidly expanding variety of proprietary and branded hot and cold beverages that can be delivered at the touch of a button. We believe the initial countertop product launch will also attract attention from potential Unit Franchisees in the DFW area."
Tempco expects to purchase, from ESIO Franchising, LLC (the franchising arm of ESIO Beverage Company), up to 10 additional regional territories under option agreements that expire September 1, 2013. In addition to the DFW area, the Company holds options to purchase regional franchise development rights in the additional ten (10) areas listed below:
San Antonio, Texas Metropolitan Area Houston, Texas Metropolitan Area State of Arizona State of Colorado Jacksonville, Florida Metropolitan Area San Francisco Bay Area and Eureka, California
Sacramento, Reno and Chico, California Orange County, California
San Diego and Imperial, California NW Los Angeles, California (Ventura to San Luis Obispo)
About ESIO Beverage Company and ESIO Franchising, LLC
Headquartered in Mesa, Arizona, ESIO Beverage Company, through its subsidiaries, is focused on the development, manufacturing and marketing of multi-serve beverage dispensing systems and beverage products for the home and office. ESIO Beverage Company manages the company's retail, operational, and product development activities, and ESIO Franchising, LLC serves as the manager of franchise activities.
The revolutionary ESIO Hot & Cold Beverage System includes countertop and floor stand multi-serve beverage dispensers that conveniently offer any size (up to 108 ounces, or almost one gallon) hot and cold drinks at the touch of a button. ESIO's patented drop 'n drink E-Paks deliver perfectly blended national brand and private label juices, sports drinks, vitamin fitness waters, teas and coffees. The countertop unit will initially be available exclusively in Wal-Mart stores and through ESIO franchisees. More information on the ESIO Beverage System is available at www.esiobev.com. More information on ESIO franchises is available at www.esiofranchise.com.
About Tempco, Inc.
Tempco, Inc. has entered into a Regional Developer Deposit Agreement, wherein ESIO Franchising, LLC granted the Company an option to purchase up to 10 ESIO Regional Development Franchises in certain optioned areas, in addition to the DFW region. Regional Developers may, in their discretion, either sell products directly to consumers or sell franchise rights to specified territories as Unit Franchises.
Tempco, Inc. is headquartered in Scottsdale, Arizona, and its common stock trades on the OTC Bulletin Board under the symbol TEMO. Additional information is available on the Internet at www.sec.gov under the "Company Filings" section.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created thereby. Such forward-looking statements include, but are not limited to, statements regarding the expected timing of the completion of the proposed transaction; the ability to complete the proposed transaction considering the various closing conditions; the expected benefits and costs of the proposed transaction; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing and other statements that are not historical facts. Although Tempco believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, no assurance can be given that these expectations will be attained or that the transactions will be completed, and it is possible that actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The completion of and benefits from the transactions are subject to certain risks and uncertainties, including satisfaction of the conditions to the completion of the business combination, receipt of any required approvals, risks related to the timing or ultimate completion of the transaction; the possibility that expected benefits may not materialize as expected; and other risk factors relating to Tempco's business as detailed from time to time in Tempco's reports filed with the U.S. Securities and Exchange Commission. Tempco undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to Tempco's filings with the U.S. Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K, for a discussion of such risks and uncertainties.
For additional information, please contact:
Anthony Silverman
Chief Executive Officer
(480) 980-0179
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
Email Contact
SPEEDTRADER
12 years ago
ESIO Countertop Beverage Dispensing System Being Delivered to 2,400 Wal-Mart Stores in Nationwide Retail Launch
Tempco, Inc. to Begin Selling ESIO Franchises in Dallas-Ft. Worth Region in First Half of 2013
SCOTTSDALE, AZ, Oct 22, 2012 (MARKETWIRE via COMTEX) -- Tempco, Inc. (OTCBB: TEMO) ("Tempco" or "the Company"), a Regional Development Franchisee of ESIO Franchising, today provided the following corporate update to its current shareholders and potential investors.
ESIO Beverage System Being Delivered to Wal-Mart Stores
The first hot and cold, ready-to-drink beverage dispensing system made its debut at Wal-Mart beginning October 19, 2012, when Esio Beverage Company introduced its convenient countertop unit along with more than 30 great-tasting branded drink choices, including chilled juice drinks, lemonade, sports drinks and vitamin fitness waters, as well as iced or hot coffees and teas.
Branded beverages will be available in patented MultiServe E-Paks(TM), including Kraft's Country Time Lemonade and Crystal Light varieties featuring Appletini, Peach Tea and Wild Strawberry Energy; Campbell's V8 Splash selections including V8 Splash Berry Blend, Tropical Blend and Mango Peach; Apple & Eve Light Fruit Punch, Apple, Cranberry and Grape juices; Maxwell House Simple Roasts Hazelnut coffee; Diet Brisk Lemon and Raspberry Iced Teas; China Mist teas including Blackberry Jasmine Iced Green Tea and Passionfruit Iced Black Tea; Sqwincher sports drinks featuring Fruit Punch, Grape, Lemon Lime and Orange; and Esio's signature Barista Brothers Premium Coffees and Teas and its Vita-24 Fitness Water. Each MultiServe E-Pak provides approximately 14 eight-ounce servings.
The Esio Hot & Cold Beverage System will be available in nearly 2,400 Wal-Mart stores for $199 and will include two free E-Paks, a $12 value.
The revolutionary drop'ndrink(TM) technology embedded in the Esio Hot & Cold Beverage System allows users to instantly switch from cold lemonade (no ice needed) to freshly-brewed hot coffee, with no taste crossover and the ability to customize the strength of every beverage.
Esio Hot & Cold Beverage System drinks are low in sugar and calories, offering consumers a healthy alternative to traditional sugar-filled, high-calorie beverages.
The magic of the Esio system is its MultiServe technology, allowing the repeated use of its patented MultiServe E-Paks(TM) using chilled or hot water that's always available.
Esio's reusable three-inch-square E-Paks (no refrigeration required) each produce up to 108 ounces of drinks (approximately 14 eight-ounce servings), and the system's exclusive patented Strength Selector(TM) allows consumers to select their exact beverage strength.
What's more, the hassle-free beverage system is family-friendly, with a child safety lock, and is a proven time saver for today's active adults and families, with ice cold and steaming hot drinks available in seconds.
The Esio system, a home and office space saver, is also eco-friendly; each tiny E-Pak eliminates about nine 12-ounce cans or seven 16-ounce bottles that typically take up valuable refrigerator and pantry space before ending up in a landfill. Esio believes the cost savings are significant too, with drinks from the Esio being more affordable than single-serve convenience beverages purchased at the store.
"While Tempco will not derive revenue directly from the sale of beverage systems in Wal-Mart stores, those who buy Esio systems at Wal-Mart will become potential customers of ESIO franchisees, including Tempco, which can provide homeowners and businesses in their franchise territories with the patented MultiServe E-Paks for their Esio Beverage Systems," stated Anthony Silverman, Chief Executive Officer of Tempco, Inc. "In addition to the sale of such consumables, which should generate recurring revenue, ESIO franchisees are authorized to sell countertop and free-standing Esio Beverage Systems directly to consumers and will provide maintenance and repair services to their customers."
Tempco to Launch Franchise Activities in First Half of 2013
Tempco, Inc. executed its first Regional Developer Agreement (the "Agreement") and three franchise agreements with Esio Franchising (the franchising arm of Esio Beverage Company) in mid-August 2012. The Agreement provides Tempco the exclusive right to operate and/or sell up to fifty (50) Esio franchises in the Dallas-Fort Worth ("DFW") metropolitan area, which has a population of over 7.7 million people and more than 2.8 million households.
"We are currently in the process of identifying and securing warehouse and office space in the DFW market," added Silverman. "The first three unit franchises will be operated by Tempco. We expect to be selling additional franchises and serving consumers in the DFW area sometime during the first half of 2013."
"We have retained the services of a highly-experienced industry executive to manage the DFW region," continued Silverman. "Raymond L. Nelson spent 27 years (1977-2004) with DS Waters of America LP (formerly Danone Waters of North America, McKesson Water Products Company and Sparkletts Drinking Water), where he started as a route salesman and worked his way up to Vice President and Director of Field Operations for several U.S. markets. Ray is intimately familiar with selling and operating franchises that serve homes and offices in North Texas, one of the most vibrant economic regions in the U.S. We are confident that his capabilities will allow us to successfully launch and build our franchise operations in the DFW area."
As a Regional Developer, Tempco will receive revenue from several key activities, which include, but are not limited to the following:
-- The sale, lease or rental of countertop and free-standing Esio
beverage dispensing systems;
-- Recurring sales of MultiServe E-Paks(TM) with more than 30
great-tasting branded drink choices;
-- The sale, lease or rental of water filtration systems;
-- Bottled water sales;
-- Equipment service and maintenance; and
-- The sale of cups and other ancillary products.
In addition, Tempco will receive ongoing monthly royalties for each of the Esio franchise operations in its regional territories.
Tempco also holds options to purchase regional franchise development rights in the additional ten (10) areas listed below:
San Antonio, Texas Metropolitan Area Houston, Texas Metropolitan Area State of Arizona State of Colorado Jacksonville, Florida Metropolitan Area San Francisco Bay Area and Eureka, California
Sacramento/Chico, California and Reno, Nevada Orange County, California San Diego and the Imperial Valley, California NW Los Angeles, California (Ventura to San Luis Obispo)
The option period shall expire by September 1, 2013 on all ten of these remaining areas.
About Esio Beverage Company and Esio Franchising
Headquartered in Mesa, Arizona, Esio Beverage Company, through its subsidiaries, is focused on the development, manufacturing and marketing of multi-serve beverage dispensing systems and beverage products for the home and office. Esio Beverage Company manages the company's retail, operational, and product development activities, and Esio Franchising serves as the manager of franchise activities.
The revolutionary ESIO Hot & Cold Beverage System includes countertop and free-standing multi-serve beverage dispensers that conveniently offer any size (up to 108 ounces, or almost one gallon) hot and cold drinks at the touch of a button. ESIO's patented MultiServe E-Paks deliver perfectly blended national branded and private label juices, sports drinks, vitamin fitness waters, teas and coffees. The countertop unit will initially be available exclusively in Wal-Mart stores and through Esio franchisees. More information on the ESIO Beverage System is available at www.esiobev.com. More information on Esio franchises is available at www.esiofranchise.com.
About Tempco, Inc.
Tempco, Inc. has entered into a Regional Developer Deposit Agreement, wherein Esio Franchising granted the Company an option to purchase up to 11 Esio Regional Development Franchises in certain optioned areas. Esio Regional Developers have the right to sell products in a specified geographical region. Regional Developers may, in their discretion, either sell products directly to consumers or sell franchise rights to specified territories as Unit Franchises. The Company purchased its first Regional Development Franchise in the Dallas-Ft. Worth area in August 2012.
Tempco, Inc. is headquartered in Scottsdale, Arizona, and its common stock trades on the OTC Bulletin Board under the symbol TEMO. Additional information is available on the Internet at www.sec.gov under the "Company Filings" section.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created thereby. Such forward-looking statements include, but are not limited to, statements regarding the expected timing of the completion of the proposed transaction; the ability to complete the proposed transaction considering the various closing conditions; the expected benefits and costs of the proposed transaction; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing and other statements that are not historical facts. Although Tempco believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, no assurance can be given that these expectations will be attained or that the transactions will be completed, and it is possible that actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The completion of and benefits from the transactions are subject to certain risks and uncertainties, including satisfaction of the conditions to the completion of the business combination, receipt of any required approvals, risks related to the timing or ultimate completion of the transaction; the possibility that expected benefits may not materialize as expected; and other risk factors relating to Tempco's business as detailed from time to time in Tempco's reports filed with the U.S. Securities and Exchange Commission. Tempco undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to Tempco's filings with the U.S. Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K, for a discussion of such risks and uncertainties.
For additional information, please contact:
Anthony Silverman
Chief Executive Officer
(480) 980-0179
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
Email Contact
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