MIAMI LAKES, FL, May 30, 2019-Global Stem Cells Group Inc. (GSCG) is pleased to announce that it has entered into a binding letter of intent to sell 100% to Lans Holdings Inc. (OTCPink: LAHO)
GSCG operates in the global stem cell market which is forecasted by Transparency Market Research to reach $270 billion dollars by 2025 of which roughly 40% or $100 billion will be derived from outside of North America and growing at a 13.8% compounded annual growth rate.
GSCG specializes in leading-edge stem cell research, patient application and physician training. The company licenses its name and intellectual property to physicians around the world and supplies them with necessary equipment and medical supplies to perform stem cell treatments. The company currently has one of the largest member clinic networks in the world spanning over 25 countries.
“We are very pleased to have entered into this binding LOI with Global Stem Cells Group,” said Dave Christensen, CEO of Lans Holdings Inc. “This transaction represents a significant opportunity for our company to enter the explosive field of Stem Cell technology with a proven and seasoned team and I look forward to working closely with GSCG to execute on their growth plans.”
“We are excited to join forces with Lans Holdings,” said Benito Novas, President and CEO of Global Stem Cells Group. “This union will allow us to have access to the capital markets to further fuel our growth as the global stem cells market enters into an accelerated expansion phase.”
Looking forward to hearing what came about this acquisition, and what it represents for the future of Global Stem Cells Group.
《APPLAUSE 》
Kindest Regards,
Dave
Can we assume that not hearing of the 60 days to retract the BINDING LOI 8K (JULY 22, 2019) means that this merger is to proceed? A Press Release (8k) current, would be most welcome regarding these matters.
Kindest Regards,
Dave T.
Mr. Novas,
The 60 days to do DD has passed and on behalf in the investor community, I was wondering if you would you be so kind as to give an update on the merge on these companies.
Sincerely,
Eli B
What’s the status with LAHO? Looks like a scam now as it’s halted.
Please tell us something about laho. Alot of investors need to know just a little something.
Hello, Did you know that LAHO is suspended? Is it going to resume trading soon?
Regards.
It’s doubtful that trading resumes. Bad news.