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Integrative Health Technologies Inc. agreed to merge with
Senticore Inc., a publicly traded business development company.
Privately held Integrative Health and its subsidiary, Health
and Medical Research Center, have been involved in the research
and development of nutritional and health care products for
the last 20 years.
Integrative Health receives grants to conduct independent
studies to examine the safety and efficacy of health products
and supplements. It derives its revenue from ongoing research
and consulting contracts with health care and nutritional
clients.
Its clinical studies focus on weight
loss pills such as phentermine
, didrex , xenical etc that also improve bone health, blood
chemistries and quality of life. Its assets include a national
database of more than 40,000 measurements of bone density,
lean and fat mass and blood chemistry.
Harry G. Preuss, a professor of medicine at Georgetown University
and a member of Integrative Health's scientific board, says
researchers are now paying more attention to not just how
much weight loss a person is having but the kind of weight
that is being lost.
"Obviously, losing muscle and bone mass is hardly indicative
of healthy weight loss," Preuss says.
Under the terms of the agreement, Integrative Health will
transfer its assets and outstanding shares to Senticore (OTCBB:
SNIO) in Hollywood, Fla. Integrative Health, in turn, will
become a wholly owned subsidiary of Senticore.
Integrative Health CEO Gilbert R. Kaats says the company will
perform an independent audit of these financial figures and
will release an audited statement within 71 calendar days
of the closing of the deal.
Once the merger is finalized, Integrative Health's management
team will replace Senticore's management team after the Securities
and Exchange Commission's required 10-day waiting period.
Senticore makes investments in small, developing portfolio
companies
Source: http://sanantonio.bizjournals.com
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