SOURCE: Universal Media Corporation

February 12, 2013 09:30 ET

UMED Holdings, Inc. Completes Acquisition of Mamaki of Hawaii, Inc.

FORT WORTH, TX--(Marketwire - Feb 12, 2013) - UMED Holdings, Inc. (PINKSHEETS: UMED), a Texas Corporation, today announced it has exercised its option under the terms of a pre-existing acquisition agreement to acquire the remaining 20% interest of Mamaki of Hawaii, Inc. (MOH), a company focused on growing, harvesting, processing and marketing Mamaki herbal tea and extract.

"We are pleased to announce the acquisition of Mamaki of Hawaii, Inc. as our latest wholly owned subsidiary," said Kevin Bentley, CEO of UMED. "It is an ideal time to consolidate our position and work aggressively toward expanding our asset base. This acquisition further demonstrates our ability to execute on our strategy of investing in high growth potential companies with solid assets and capable management."

"I am very excited to be working with UMED to develop the full potential of the Mamaki plantation," said Terry Braudrick, MOH V.P. of Business Development. "Our objective is to become a long-term, profitable, and environmentally responsible Mamaki producer not only for the benefit of Mamaki consumers but also UMED shareholders."

About Mamaki of Hawaii, Inc.
Mamaki of Hawaii, Inc., owner and operator of Wood Valley Plantation, located in the Kau district of the Big Island, is the only commercially approved and certified Mamaki tea farm in the world. Visit http://www.mamakiofhawaii.com to learn more.

About UMED Holdings, Inc.
UMED Holdings, Inc., is a Fort Worth, Texas-based global diversified holding company that owns and operates businesses in a variety of industries including energy, oil and gas, software, aerospace, food and beverage, and mining. Visit http://umedholdings.com to learn more.

Forward Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.

Contact Information

  • CONTACT:
    UMED Holdings, Inc.
    Investor Relations
    817-346-6902

    Investor Relations Contact:
    Equiti-trend Advisors, LLC
    (800) 953-3350