LAS VEGAS, NV--(Marketwired - Oct 3, 2016) - Health Advance Inc. (OTC PINK: HADV) is pleased to announce that on October 2, 2016, the Company signed a definitive agreement ("Definitive Agreement") to acquire 100% interest in the web domain www.discountseniorsupply.com. As a result of the acquisition, Health Advance will also have the license to the interspire e-commerce shopping cart, the supplier relationships, a team located in India that would manage the e-commerce web business and provide customer support along with marketing reports and updates. Pursuant to the Definitive Agreement, on closing the Company will issue 400,000 shares of common stock of Health Advance and a one-time cash payment of $10,000 representing the total purchase price of DiscountSeniorSupply. The acquisition is expected to close on or before October 31, 2016.
"We believe the acquisition of discountseniorsupply.com is a very important step for Health Advance. This acquisition expands our presence in the medical supply sector and will assist Health Advance in generating revenue in this growing sector. We believe we will benefit significantly from certain favorable demographic and industry trends, including the rising healthcare needs of the aging population, a heightened focus on health and wellness by the baby boomer generation, and increased demand for lifestyle drugs," stated President and CEO, Jordan Starkman.
Certain statements in this document that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Health Advance Inc. to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings.