Sector 10, Inc. Acquires 100% of First Diversified Equities, Inc.
February 22 2011 - 8:00AM
Sector 10, Inc. (OTCBB:SECI) announced that it has acquired 100% of
First Diversified Equities, Inc. ("First Diversified"). First
Diversified is a business development and licensing firm. The
name of the Company will be changed to First Diversified Equities,
a new symbol applied for, new management brought on, a new Board of
Directors formed along with moving the headquarters of the company
to Miami, FL.
First Diversified is entering into an exclusive license to
market in China and India a diabetic blood sugar controlling
concentrate developed and successfully marketed in Israel and now
being sold in the U.S. According to a study published in the
New England Journal of Medicine, one in ten Chinese adults have
diabetes with 16% of the population on the verge of developing it.
The International Diabetes Federation (IDF) has reported that
in China, 50 million men and 42 million women have
diabetes. Eli Lilly and Company recently announced that they
are opening a diabetes focused research center in China, "where the
disease has reached epidemic proportions."
In India, by 2030, the number of people suffering from diabetes
is expected to go up from 50 million to a staggering 87 million —
which is 8.4% of the population. Dr. Anoop Misra, Director of
the department of diabetes at Fortis Healthcare, reported to The
Times Of India, that, "I feel that India's diabetes burden too will
be a lot higher than estimated. At present, while 50 million
are known to be diabetic, 100 million are at the stage of
pre-diabetes in India."
First Diversified also counts among its assets, American
Beverage Distributors, which is planning to enter into a joint
venture agreement to acquire exclusive rights to distribute an
internationally known name brand energy drink in the North and
South American markets.
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
developments that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company's actual results to differ materially
from those implied or expressed by the forward-looking statements.
The Company assumes no duty whatsoever to update these
forward-looking statements or to conform them to future events or
developments. www.sector10inc.com
CONTACT: IR@sector10.com or LMadison@sector10.com
Phone: (206) 853-4866
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