October 21, 2009 13:21 ET
WES Consulting, Inc. Completes Reverse Merger With Liberator, Inc.
ATLANTA, GA--(Marketwire - October 21, 2009) - WES Consulting, Inc. (OTCBB: WSCU) has
completed a reverse merger with Liberator, Inc. ("Liberator")
(www.liberator.com), a Georgia-based provider of erotic luxury items to
consumers who believe that sensual pleasure and fulfillment are essential
to sexual well-being and a well-lived, healthy life. The effective date of
the merger was October 19, 2009.
Under the terms of the Merger Agreement, WES Consulting ("Company") has
issued a total of 60,932,981 shares to the shareholders of Liberator in
return for the transfer of a 100% ownership interest in Liberator. The
Company intends to change its name to Liberator, Inc. to reflect its new
business and the symbol will remain WSCU.OB until such time as the name is
changed in the state of Florida and an application for a symbol change is
submitted to FINRA and FINRA issues a new symbol for the Company.
Since Liberator shipped its first product in 2002, the Company has evolved
into a community of dedicated employees that create, develop, manufacture,
market, advertise and promote products and ideas that inspire sensuality
and allow couples to have a fuller sexual experience of themselves and each
other.
Louis S. Friedman, President and CEO of Liberator, commented, "Liberator is
focused on building, developing and marketing its LIBERATOR® brand of
Bedroom Adventure Gear™ products. Since inception, we have spent over $7
million on marketing campaigns and advertising to build awareness of the
brand which, to date, has generated product sales in excess of $60 million.
As a result of the merger with WES Consulting, we now have access to the
public capital markets which should make available the financial resources
to continue increasing the value and awareness of the LIBERATOR brand."
About Liberator, Inc. (formerly known as WES Consulting, Inc.)
Liberator is the creator and manufacturer of LIBERATOR, the luxury and
lovestyle brand that celebrates intimacy by inspiring romantic imagination.
Established with the conviction that sensual pleasure and fulfillment are
essential to a well-lived life, LIBERATOR Bedroom Adventure Gear empowers
exploration, fantasy and the communication of desire, for persons of all
shapes, sizes and abilities. Products include LIBERATOR shapes and
positioning systems, pleasure objects, original lingerie, couture latex and
exotic dress-up fashions, and sensual accessories for the body and home
décor.
Liberator, Inc. is currently housed in a 140,000 square foot vertically
integrated manufacturing facility in a suburb of Atlanta, Georgia.
Liberator has over 100 employees, with products being sold directly to
consumers and through hundreds of domestic resellers, on-line affiliates
and worldwide licensees.
For more information, visit www.liberator.com or call 1-866-542-7283.