SOURCE: Health Sciences Group, Inc

December 01, 2009 13:06 ET

Health Sciences Makes Progress on Medical Marijuana Endeavors

INDIAN HARBOR BEACH, FL--(Marketwire - December 1, 2009) - Health Sciences Group, Inc. (PINKSHEETS: HESG) would like to announce that:

1. It has had positive feedback from Medical Marijuana, Inc. (MJNA) about the expansion and revenue producing areas allowed within the United States pertaining to marijuana collectives versus marijuana dispensaries. The revenues to be generated through collectives (the grow end) is much more lucrative than entering into management fees non-profit marijuana dispensaries. On a side note it is estimated that the growing end of marijuana through collectives in California can exceed revenue of $400,000 per month. Therefore the Company will be immediately seeking opportunities within the "growing and transportation" end of legalized marijuana licensing.

2. The Company has entered into preliminary negotiations with Greenway University for joint venture / consulting agreements for Colorado operations pertaining to growing, transportation and dispensaries.

3. The Company has been in preliminary talks with growers and dispensaries in Montana and Oregon for possible joint ventures or acquisitions.

We believe that we-Health Sciences have entered this industry at the right time. We believe that if we continue to make progress and develop relationships with people within the movement of using marijuana for medical purposes we will all succeed.

ABOUT HEALTH SCIENCES GROUP, INC.

Health Sciences Group, Inc. is a provider of health and wellness services to consumers, physicians and other healthcare professionals through its website, www.igohealthy.org, and health focused publications. The Health Sciences network consists of its public website, www.igohealthy.org, and iGoHealthy Magazine. The Company operates in three segments: Online Services, Publishing and Other Services. The Company is recently exploring options of corporate growth within the Legal Medical Marijuana Industry.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Health Sciences Group, Inc. to be materially different from the statements made herein.

Contact Information

  • By Staff
    CONTACT:
    Health Sciences Group, Inc.

    Thomas Gaffney
    President and CEO
    (321) 604-1451
    Email Contact