SOURCE: Intelligent Living Inc.

April 10, 2014 12:15 ET

Intelligent Living Inc. (ILIV) and Venturian Agree to Extend LOI

ILIV to Add $1.5M in Revenues

MIAMI, FL--(Marketwired - Apr 10, 2014) - Intelligent Living Inc. (OTCQB: ILIV) reported today that it has had significant positive movement in its closing of its Asset Purchase Agreement with Venturian but extended its LOI with them for another few weeks in order to allow the completion of the financial audit required as part of the due diligence process by ILIV and the SEC.

"We are taking a few more weeks just to make sure that we have no issues in the audit and compliance process. This deal is going to close. It just needs to be done with due care," Victoria Rudman, CEO of Intelligent Living Inc. stated.

Venturian is a privately held IT Solutions and Cloud Services company based in Miami that upon completion of the deal will add $1.5M in revenue to Intelligent Living's overall revenue stream.

Allen Firouz, CEO of Venturian said: "Our team is looking forward to closing this deal with Intelligent Living. We required a bit more time to finalize the financial statements and then we will be in a position to close the deal."

Both Intelligent Living and Venturian expect to close by April 25, 2014.

About Intelligent Living Inc.:

Intelligent Living Inc. operates as a development stage company focused on the ever-expanding eHealth and eCommerce markets. Its segments include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiaries MIND360 Studios, and Health and Beyond Nutra Company. Intelligent Living Inc., 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.

More information about Intelligent Living Inc. can be found on the Company's website located at

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