SOURCE: Novus Acquisition & Development Corp

February 04, 2015 08:00 ET

Novus Executes Agency Sales Agreement With Senior Healthcare Benefits

MIAMI, FL--(Marketwired - Feb 4, 2015) - Novus Acquisition & Development Corp (OTC PINK: NDEV), wholly owned subsidiary Novus Medical Group, Inc., a service provider of healthcare plans known as "Novus MedPlan," is proud to announce we have executed an insurance sales agency contract with Senior Healthcare Benefits Group (Senior) http://www.seniorhealthcarenow.com. Senior will market "Novus's MedPlan" benefits packages to registered medical marijuana (MMJ) patients in the state of Arizona. The Agreement between Novus and Senior is a flat 25% commission rate, per patient per month.

Frank Labrozzi, CEO, states, "Novus has completed our procurement of Arizona Providers within the MMJ and Alternative Medicines sectors and Novus is ready to deliver wellness programs to our member patients. Senior's efforts will begin an outreach program to participating insurance brokers, independent insurance agencies and also engage medium to large corporations for comprehensive benefits packages. Senior's target market is the 80,000 + qualified and registered patients in Arizona, including veterans diagnosed with PTSD who meet the criteria for MMJ wellness programs."

Senior's CEO, John Reardon, states, "We encourage and welcome other agencies in the insurance space to contact us so we can make this endeavor mutually beneficial both monetarily, and even most importantly, give Arizona patients the wellness programs which they deserve."

About Novus

Novus Acquisition & Development Corp. ("Novus") provides health insurance and related insurance solutions to the wellness and medical marijuana industries in states where legal programs exist. The Company also plans to offer physicians' education programs, pharmaceutical R&D, compliance, and business development services within the industry.

NDEV will work as outside developers and will not cultivate, handle, transport grow, extract, dispense put up for sale, put on the market, vend, deliver, supply, circulate, trade, cannabis or any substances that violates the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws. The products and statements made about specific products have not been evaluated by the United States Food and Drug Administration (FDA) and are not intended to diagnose, treat, cure or prevent disease. All information provided on this press releases or any information contained on or in any product label or packaging is for informational purposes only and is not intended as a substitute for advice from your physician or other health care professional.

The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state designated laws allowing the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any such change in the federal government's enforcement of current federal laws could cause significant financial changes to the Company. While we do not intend to harvest, distribute or sell cannabis or cannabis related products, we may be harmed by a change in enforcement by federal or state governments.

About Senior Healthcare Benefits Group.

Senior has specialized insurance agents that "help patients find healthcare plans" and to make sure patients receive the coverage which they need. Headquartered in Melville, NY, Senior's goal is to work with MMJ patients throughout the entire process of procuring the appropriate health insurance plan. Senior listens to patients concerns, explains options, and makes recommendations without pressure, then aids in the enrollment process. Senior's approach is to make sure patients and their loved ones are not paying the high cost of medicinal meds. For more information on Senior Healthcare Benefits Group you can contact us through our website, or email them at info@seniorhealthcarenow.com or give us a call at 631-393-5019.

Safe Harbor

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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