Rodocanachi Capital Inc.

December 21, 2009 13:28 ET

Rodocanachi Capital Inc. Provides More Details on Golden Moor Inc. and an Update on Concurrent Private Placement

MONTREAL, QUEBEC--(Marketwire - Dec. 21, 2009) - Rodocanachi Capital Inc. ("Rodocanachi") (TSX VENTURE:ROD.P) today provides additional details on its qualifying transaction with Golden Moor Inc. ("Golden Moor" or the "Corporation"). As previously announced, Rodocanachi and Golden Moor have entered into an agreement in principle under which Rodocanachi would acquire all of Golden Moor's issued and outstanding shares (the "Qualifying Transaction").

Description of Golden Moor

Golden Moor, a manufacturer and distributor founded in 1987, extracts moor mud containing humic acid, which is meant for use as an anti-inflammatory, antioxidant, hormone balancer, heavy metal chelator and astringent. The Corporation's mission is to improve global health with natural products, special equipment and personal services. Golden Moor produces 34 products intended for end use by consumers. The Corporation's sales are generated by the spa and wellness industry, massage therapists, aestheticians and health professionals. Golden Moor, which has 14 employees, has ventured into the direct consumer market approach through an affiliate program under which it has developed a network marketing and customer acquisition program.

Golden Moor's product lines are as follows:

- Mud bath: pine, lavender, - Silhouette cream
chocolate, mountain mist
- Mud wraps: body moor mud, - Svelte cream
sculpture moor mud, chocolate,
mocha java
- Mud facial: black facial mask - Silhouette oil
- Physio-active cream - Nutrimoor
- Hydra-moor cream - Detox cure
- Body scrubs: lavender,
rosemary-eucalyptus, citrus - Nergymoor
- Foot soak

Golden Moor also markets an ion detox foot bath (the X3 vibe platform) intended to reduce pain, improve global health and detoxify the system.

Golden Moor's market strategy is based on four important pillars: retail sales, service sales, direct sales through the affiliate network and direct sales through the G-Moor centers network. Its unaudited financial statements for the fiscal year ended August 31, 2009 show that its revenues increased 46% over the previous year, from $761,978 to $1,109,476. Its current strategy is to reinvest profits for product development and marketing purposes.

Golden Moor's team includes its new VP Network Marketing Division, Scott Reese, and its new VP Affiliate Program Division, Charles Mui.

Scott Reese earned a Masters Degree in Education, after which he became a marketing and business consultant. Mr. Reese has acted as marketing director, consultant, and board member of a variety of businesses. He has been featured in national magazines for his innovative approach to sales and marketing and has received multiple awards for top sales person in several direct sales companies.

Charles Mui has been in the relationship marketing and direct sales industries since 2002. Mr. Mui's services as a marketing system architect are sought after by both the affiliate marketing and network marketing industries.

In addition, Golden Moor has an advisory team made up of Zayed Ratansi, Simon Tanguay and Yannick Lupien.

Zayed Ratansi holds a BSc from the University of British Columbia in Vancouver and a Doctorate of Naturopathic Medicine from Bastyr University in Seattle. He is certified in hyperbaric medicine, bio-oxidative medicine, and chelation therapy. Dr. Ratansi uses his knowledge and expertise in the spa industry to popularize naturopathic medical techniques, focusing on medispa treatments.

Simon Tanguay graduated as a chiropractic doctor from the Universite du Quebec a Trois-Rivieres in 2005. He is an expert in human potential optimization with extensive training in that field. Mr. Tanguay also specializes in business restructuring and strategic planning. He is the president of a company in the field of business development and CEO of another in the finance industry.

Yannick Lupien competed in the Sydney (2000) and Athens (2004) Olympic Games as a member of the Canadian swimming team. He became the first Canadian to break the 50-second barrier in the 100-metre freestyle at the Pan Pacific Championships in 1999. He now coaches in Quebec.

Additional information on Golden Moor is also available at, and

Increase in Proposed Private Placement

As previously announced, Rodocanachi will conduct a non-brokered private placement (the "Proposed Financing") concurrently with the Qualifying Transaction. The minimum amount of the Proposed Financing has been raised to $1,900,000 (being 19,000,000 units at a price of $0.10 per unit) and a maximum amount of $2,500,000 (being 25,000,000 units at a price of $0.10 per unit). Each unit remains comprised of one common share and one common share purchase warrant entitling the holder to subscribe for one common share of the resulting issuer at a price of $0.15 during a period of 24 months following its issuance.

For more details on the Qualifying Transaction and the Proposed Financing, please see the Rodocanachi's press release dated November 3, 2009.

Forward-Looking Statements

Forward-looking statements included or incorporated by reference herein include statements with respect to (i) the completion of the Qualifying Transaction; (ii) Rodocanachi's management team and business plans following the Qualifying Transaction; and (iii) the funds to be raised under Proposed Financing. Although Rodocanachi believes the expectations reflected in these forward-looking statements are based on reasonable assumptions, it can give no assurances that these expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, the availability of equity financing, actions by government or regulatory authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the products of Golden Moor and competitive pressures.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rodocanachi Capital Inc.
    Mr. Richard Besner
    President and Chief Executive Officer
    Golden Moor Inc.
    Mr. Marc Saint-Onge
    President and Chief Executive Officer