SOURCE: Intelligent Living Inc.

October 30, 2013 08:00 ET

Intelligent Living Announces Its Letter of Intent to Purchase Nutritional Supplement Company Health and Beyond LLC

Health and Wellness Provider to Purchase Nutraceutical Company and Increase Revenue to Double Digit Growth

MIAMI, FL--(Marketwired - Oct 30, 2013) - Intelligent Living Inc. (OTCQB: ILIV) announced today that it had tendered a Letter of Intent (LOI) with the Health and Beyond LLC, a company based out of South Florida, to acquire their business, formularies and client base.

"When we looked at the marketplace and saw Health and Beyond LLC and Dr. Larry LeGunn, we knew that we had come across an undervalued gem. Dr. Larry LeGunn has been in practice for 35 years and has retired as of 2011. He has devoted all his efforts in perfecting unique nutraceuticals to help humanity. This partnership will allow us to quickly add some great products as well as an incredible brand to the Intelligent Living family, which we will take with us on our global journey," said Victoria Rudman, CEO of Intelligent Living.

According to a new market report published by Transparency Market Research "Nutraceutical Product Market: Global Market Size, Segment and Country Analysis & Forecasts (2007-2017)": The Global Nutraceutical Product market reached USD 142.1 billion in 2011 and is expected to reach USD 204.8 billion by 2017, growing at a Compounded Annual Growth Rate (CAGR) of 6.3% from 2012 to 2017.

Dr. Larry LeGunn (aka Dr. Larry) said: "I am very excited at the prospect of growing with Victoria and her team. We were able to build a nice small business but we know that Intelligent Living will help us to achieve the next level and give Health and Beyond the ability to grow and reach a wider audience."

Nutraceuticals provide health benefits and help in the healing and prevention of diseases. The global nutraceutical product market is primarily categorized on the basis of functional food, functional beverages and dietary supplements. The global Nutraceutical market is growing majorly as a result of growth in the dietary supplement segment. North America has the highest market share for nutraceutical product markets, which is primarily supported by the U.S. health conscious consumers segment.

"We are going to look at building some very large ecommerce platforms and launch some great branding around Dr. Larry and the Health and Beyond LLC label which will bring ILIV into double digit growth. With innovative formulas such as SweetDreams™ and NeuroEase™ and a very robust marketing plan, we are on track to develop a healthy market share very quickly and establish the brand as a multi-million dollar category buster," Josh Eikov, CSO of Intelligent Living, said.

About Health and Beyond LLC

Health and Beyond LLC was founded in 1999 and embarked on a unique mission of providing the highest quality, fast acting nutritional products with reliable results exclusively designed for today's nutraceutical market. Health and Beyond's team of professional holistic physicians, medical doctors, chiropractors, naturopaths and researchers work together to continually develop unique formulations which specifically target unsolved health problems. The nutritional products are unique formulations that combine the finest quality ingredients and are well formulated to provide a higher potency in order to meet the standards of physician strength, so that patients experience results within a short period of time. The Company's nutritional products partner with medical professionals to provide natural targeted solutions for patient health problems to improve their present condition and maintain a healthy quality of life for the future.

About Intelligent Living Inc.

Intelligent Living Inc. operates as a development stage company focused on the ever-expanding age management and wellness markets. Its markets include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiary MIND360, and hormone replacement therapy. The Company, based in Florida, is a health and wellness company engaged in the development of software and technology to aid in age management and cognitive health. The mission of Intelligent Living is to improve a person's quality and function of daily living over a span of many years.

Forward Looking Statements

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and as such, may involve risks and uncertainties. Intelligent Living Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

Contact Information

  • Contact:
    Gabriel Rodriguez
    E Relations Group