Proper Planning Prevents Poor Performance
XenaCare Merger with Sun Packing
Merger Creates $10 Million Enterprise
XenaCare Holdings Inc. (OTCBB:XCHO) (“XCHO
”), owners of nationally branded OTC nutritional products, and the developer of the SunPill™, announced in a filing with the Securities & Exchange Commission the planned merger between itself and Sun Packing, Inc., a Texas Corporation.
The merger, expected to be completed October 2008, puts Sun shareholders in control of 50.1% of the shares in the surviving company and contemplates a name change to more reflect the company’s current businesses.
“The merger, when completed, will reflect a combined business entity with expected first year sales in excess of $15,000,000 and the capability to apply for a NASDAQ or America Stock (ASE) Exchange listing. In the first 35 days, sales of the SunPill™ to the nation's largest drug stores exceeded our expectations,” said Frank Rizzo, President XenaCare Holdings Inc.
Sun Packing has a strong management team, immediate cash flow and a line of credit to increase and support XenaCare Holding’s penetration into the Retail, Direct Response and Internet markets for its nutraceutical product lines.
About XenaCare Holdings, Inc.
XenaCare Holdings Inc. is a fully reporting company whose stocks are quoted on the OTCBB under the symbol “XCHO”. For information contact Investor Relations, 561-496-6676 or
www.xenacareholdings.com. The company has been in business since 2005 and currently markets The Body Replenishment System (“BRS”), SunPill™, and the company is currently developing multiple unique products from vegetarian based Omega 3 and Omega 6 fatty acids from micro algae. The Company’s objective is to provide unique, niche products to the consumer.
This press release contains or incorporates by reference forward-looking statements including certain information with respect to plans and strategies of XenaCare Holdings Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words “believes”, “suggests”, “anticipates”, “plans”, “expects”, and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of XenaCare operations that could differ materially from those indicated by such forward looking statements.
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