Technologies Scan Corp
OTCBB : TENP

May 24, 2013 08:00 ET

Technologies-Scan Corp in Negotiations With Social Geek Media for the Acquisition of the Outright Rights to the Proteina21 Weight Loss Product Line for the European Market

MONTREAL, QUEBEC--(Marketwired - May 24, 2013) - Technologies -Scan Corp (OTCQB:TENP) announces that it is presently negotiating with Social Media Geek for the outright rights acquisition of its Proteina21 Weight loss product line for the European market. The company is already in a due diligence phase with Social Geek Media for the exclusive sales, marketing and commercialization of the Proteina21 weight loss product line for the US and is negotiating the Canadian rights also. Ghislaine St-Hilaire CEO of Technologies-Scan Corp says that she is "Very optimistic on the negotiations for the Canadian and European exclusive rights to Proteina21, we are building a great relationship with Social Geek Media, we see a bigger and better fit for our companies than just the US market and that is why we are in discussions concerning the European and Canadian market. Proteina21 has had sales of over 500 000$ in the first quarter just in a local area of Canada, which brings us to extrapolate for the USA, Canada and Europe, a very big business opportunity."

Proteina21 is a product line of food supplements and readymade meals high in protein and low in carbohydrates designed to help people lose weight. The products are shipped overnight and are available thru internet sales on their website at www.proteina21.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company's financial ratings, the competitive environment, the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations and changes in market conditions.

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