Younger America Finalizes $20 Million Acquisition of Life Without Pain, LLC
Posted on: Wednesday, 30 May 2007, 09:00 CDT
Younger America (Pink Sheets:YNGR) announced today that the Company has finalized the acquisition of Life Without Pain, LLC. Younger America acquired Life Without Pain for $20 million in a combination of cash, notes, and convertible instruments.
Life Without Pain, www.lifewithoutpain.net, is a manufacturer of low light pain therapy devices that relieve pain without the use of potentially harmful medications. These devices provide pain management by utilizing Narrow Band Near-IR Energy to provide temporary relief of minor muscle and joint pain, arthritis pain and muscle spasms. The low light pain therapy devices also relieve stiffness, promote the relaxation of muscle tissue, and temporarily increase local blood circulation area.
"We are excited to complete the acquisition of Life Without Pain, where their unique business model will put us significantly ahead of the competition. Through Younger America's merger and acquisition strategy, we will continue to strengthen our position in our key markets while increasing revenues and profitability," stated Manny Shulman, CEO of Younger America.
For more information about Life Without Pain, please visit: www.lifewithoutpain.net.
About Younger America:
Younger America is a holding company that develops and acquires under-valued companies that provide products to improve the quality of life without the use of potentially harmful drugs or chemicals. The Company aims to acquire a portfolio of companies that provide leading-edge alternative medical devices, systems and services. The roll-up of these companies will create value for the shareholders and provide innovative technologies and products that can enhance the quality of life for our customers.
Forward-Looking Statements:
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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Source: Business Wire
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