Interactive Health Network Announces Cancellation of Additional 600 Million Shares of Common Stock
June 03 2014 - 7:45AM
Marketwired
Interactive Health Network Announces Cancellation of Additional 600
Million Shares of Common Stock
RENO, NV--(Marketwired - Jun 3, 2014) - Interactive Health
Network (OTC Pink: IGRW) (PINKSHEETS: IGRW), a diversified holding
company operating in the legal cannabis industry and advanced
health supplements markets, today announced that it has completed
the cancellation of Six Hundred Million (600,000,000) shares of
common stock, which reduces the share structure by more than 10%.
This retirement is in addition to retirements previously announced,
and these shares have already been returned to treasury. There
has now been a total of One Billion Eight Hundred Twenty Five
Million (1,825,000,000) shares retired this year, or 35% of
total outstanding shares.
Fred Schiemann, CEO of Interactive Health Network stated, "The
Stock Transfer Agent has notified the Company that they have
received and processed the necessary documents required for
cancellation and that the common shares have been cancelled.
Interactive Health Network continues to be focused on shareholder
value and execution to its business plan in the fast growing legal
cannabis market."
About Interactive Health Network
Interactive Health Network is a publicly traded holdings company
that manufactures, markets and sells high quality lifestyle
products and nutraceuticals; including its wholly owned subsidiary,
Cannabis Health Group, which focuses on the medical marijuana and
hemp market space. We plan on extending and deepening our product
lines to include other progressive market segments through
acquisitions. We operate under strict levels of quality and operate
with the highest level of integrity in all of our businesses.
Interactive Health Network is publically traded on the OTC market
under the symbol IGRW.
About Wellness Builder
The Company specializes in advances in Supplements for Health,
and Anti-Aging with a special interest in Preventative Medicine.
The Company was formed to distribute nutraceutical formulas
developed over thirty years of research by world renowned team of
UCLA scientists. Wellness Builder scientists have created more than
a dozen fucoidan-based formulas which are intended to address the
needs of individuals suffering from DDS (Degenerative Disease
Syndrome), which includes such maladies as gastrointestinal
disorders, auto-immune diseases, asthma, Alzheimer's, dementia,
diabetes, arthritis, cancer, and heart disease. For additional
information about Wellness Builder, please visit the company's
website at www.wellnessbuilder.com
About Here We Grow Store
HWGS is a leader in the Indoor Garden and Hydroponics Industry
as a national retailer of horticulture equipment and growing
supplies headquartered in Denver, Colorado. Specializing in
e-commerce worldwide, the company's website www.herewegrowstore.com
is a state of the art online retail store where you can purchase
all the leading Nutrients, Growing Lights, and Air controllers
necessary for indoor gardening. Here We Grow Store has exclusive
Distributor pricing of high quality nutrients and grow lights that
are distributed in the US and Worldwide. For more information
please visit www.herewegrowstore.com
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, and also includes
selected operating results presented without the context of
accompanying financial results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. We caution that all forward-looking
information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations
reflected or contained in the forward-looking information, and that
actual future performance will be affected by a number of factors,
including economic conditions, technological change, regulatory
change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary
significantly from what we currently foresee. We are under no
obligation (and we expressly disclaim any such obligation) to
update or alter the forward-looking statements whether as a result
of new information, future events or otherwise.
Contacts: Jeffrey Goldberger / Phil Carlson KCSA Strategic
Communications P: 212-896-1249 / 212-896-1233 Email:
jgoldberger@kcsa.com / pcarlson@kcsa.com
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