Henderson, NV -- February 01, 2022 -- InvestorsHub NewsWire
-- BioLife Sciences (OTCPK:
BLFE) is pleased to announce that it has finalized a definitive
agreement (the “Agreement”) with Health Box LLC towards the 100%
acquisition of the Arizona-based orthomolecular medicine and
natural health products company.
Under the terms of the agreement, BioLife Sciences will acquire
100% of Health Box LLC, which will include (but is not limited to)
all existing inventory, sales channels, customer lists,
intellectual property, proprietary evidence-based formulations, and
market research. For consideration of 1,000,000 shares in the
common stock of the company pending completion of due diligence and
the finalization of the definitive agreement of purchase of sale.
The company offers a diverse mix of efficacious supplements, super
food concentrates, nutraceutical formulations, and advanced
orthomolecular and natural health products. Their commitment to
efficacy is founded in extensive research focused on medicinal
botanicals, micronutrients, dietary supplements, proprietary herbal
blends, and apothecary style subscription services. Health Box LLC
is committed to strict quality standards and superior raw
ingredient selection in their line of proprietary products.
As set out and outlined in the now executed Acquisition
Agreement, the Relationship Agreement clause provides for Nika
Jaksic, the CEO of Health Box LLC, to be appointed to the Board of
Directors’ position of COO of BioLife Sciences. Nika Jaksic will
replace the Board of Directors’ seat previously held by Dr.
Nataliya Hearn, who will be resigning as of today’s date, towards
future endeavors. The Company thanks Dr. Hearn for her resounding
support and expertise during her time on the Board. The
Relationship Agreement also contains (among other matters), the
immediate retirement of Claude Saravia, founding Director of Health
Box LLC, who will step down to pursue other interests during this
transitional phase.
Nika Jaksic is a Certified Nutrition Professional who
specializes in holistic nutrition, and in providing customized
science-based nutritional therapy and fitness planning. Ms. Jaksic
has specialized knowledge in the field of aging and demonstrated
acumen as it pertains to the development and execution of
therapeutic programs--with a focus on quality-of-life enhancement.
Ms. Jaksic has worked as a nutrition and activity coordinator for
older individuals at long-term care facilities, where she provided
and assisted with individualized dietary supplement and exercise
programs for the elderly, the chronically ill and those with
biochemical deficiencies. Prior to pursuing her passion for
holistic nutrition and fitness, she held several senior-level
positions with large corporations throughout North America. Ms.
Jaksic is also a tireless advocate for the standardization and
regulation of the supplements industry. She founded Health Box LLC
in 2018 after spending years researching the relationship between
aerobic fitness, nutritional therapy, meal planning, dietary
guidance and proper botanical supplement intake within the field of
gerontology, with a focus on the loss of brain tissue in aging
humans. She has done extensive research into changes in brain
function and cognition that accompany normal and abnormal aging,
and how providing a healthy diet, efficacious supplements and
regimented fitness can assist in counteracting these ailments.
“Joining BioLife Sciences provides a natural progression for
Health Box LLC, as we become amalgamated with a company that
specializes in commercialization and acceleration,” Nika
Jaksic said. “BioLife shares our vision in not only providing
people with safe, clean spaces to live and work in, but now we can
take the next step together in ensuring that our clients receive
adequate and safe supplementation intake to repair nutritional
deficiencies, and we will lead the way in going above and beyond
the requirements of FDA regulations and the Dietary Supplement
Health and Education Act of 1994, to ensure we provide only the
best nutritional supplements with the highest quality standard in
the market today.”
With the acquisition of Health Box LLC, BioLife Sciences is
simplifying its operating structure and reorganizing its current
activities into three core business groups, each with clear
opportunities to benefit the health of people and the health of the
planet. The antimicrobial and disruptive technologies division will
now be further boosted with the addition of the newly formed
orthomolecular and natural health products division, which expands
on the Company’s current preexisting health product offerings.
Additionally, the company will continue to pursue, develop,
partner, and assist innovative companies with the commercialization
and acceleration of leading-edge technologies. BioLife Sciences’
new leadership structure will reflect its strategic vision and the
organizational structure of a fully focused health, nutrition, and
biosciences company.
“Our goal by acquiring Health Box LLC is to enhance and
strengthen our natural health products division by ensuring a
consistent and reliable source for our customers when it comes to
nutrition, botanical supplements and customized nutritional plans
for each person whose specific unique requirements may vary from
others,” Mr. De Four, CEO of BioLife Sciences, said.
Dietary supplement intake is common in the United States, with
over half of the U.S. population having consumed at least one
dietary supplement. The global herbal supplements market is
projected to reach 86.74 billion (USD) by 2022 with a CAGR of 6.8%
from 2016 to 2022. Single herb supplements grew by 14.5% in 2020
while combination-herb supplements grew by 24.7%. This growth was
driven by supplements which addressed immunity, sleep support, and
brain health, as well as mood and mental wellness, with those
categories growing by 30%.
About BioLife Sciences Inc.
BioLife Sciences Inc. specializes in moving innovative products
from the lab or small-scale production into wider market adoption.
Its core business develops, licenses and distributes antimicrobial
products and disruptive technology. One of BioLife Sciences’ core
building block strategies is to develop, partner and assist
innovative companies with the commercialization of leading-edge
technologies.
About Health Box LLC
Health Box LLC offers advanced, high-quality, orthomolecular
medicine including micronutrients, medicinal herbal supplements,
botanicals and holistic merchandises. The company also specializes
in hemp sourced CBD and introduced the first CBD subscription
health box to the United States market.
Disclaimer
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward-looking statements. Forward-looking
statements in this news release include, but are not limited to,
the ability of the Corporation to complete a qualifying
transaction. Any number of factors could cause actual results to
differ materially from these forward-looking statements as well as
future results. Although the Corporation believes that the
expectations reflected in forward looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Except as
required by law, the Corporation disclaims any intention and
assumes no obligation to update or revise any forward-looking
statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in
factors affecting such forward-looking statements or otherwise.
Contact Information:
www.biolifesciences.com
ir@biolifesciences.com
US & Canada: 1 (833) 919-1037
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