LadyBug Resource Group Signs Letter of Intent to Acquire Men's Medical Corporation
17 Agosto 2010 - 3:00PM
LadyBug Resource Group Inc. (OTCBB:LBRG) announced today that it
has signed a Letter of Intent to acquire 100% of Men's Medical
Corporation, owner of the Boston Medical Group's name trademark,
patents and license rights for the U.S. As a
consequence of this transaction, LadyBug anticipates changing its
name to Men's Medical Group Inc. and will spin off its two
subsidiaries to shareholders of record at a date to be announced.
Boston Medical Group (BMG) is a global alliance of medical
centers sharing research information and treatment methods for male
sexual dysfunction. For over fourteen years, BMG has focused
on the treatment of ED, treating over 600,000 men with "the Boston
Method." BMG offices can be found around the world, with
locations across the United States, Latin America, the Middle East
and Europe.
The U.S. market for men's sexual dysfunction therapies is
expected to reach an estimated $1.72 billion by the end of
2010. Worldwide, more than 150 million men are affected by
erectile dysfunction, with an additional 35 million men per year
experiencing symptoms for the first time.
For more information about the company behind the name,
trademark, patent and license rights that Men's Medical Corporation
has acquired, please visit www.BOSTONMEDICALGROUP.COM
About LadyBug Resource Group, Inc.
LadyBug Resource Group Inc. (OTCBB:LBRG), headquartered in
Kirkland, WA, acquires and licenses breakthrough technologies,
patents, patents-pending and trade secrets in the Energy, Health
and Intellectual Property sectors. For more information please
see www.LadybugRG.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this report
reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward- looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking
statements. Readers are urged not to place undue reliance on these
forward-looking statements which speak only as of the date of this
press release. We undertake no obligation to revise or update any
forward- looking statements in order to reflect any event or
circumstance that may arise after the date of the press release.
Political and operational risks in the countries in which LadyBug
Resource Group Inc. may operate and governmental regulation and
judicial outcomes, and other risks detailed from time to time in
LadyBug's filings with the Securities and Exchange Commission,
including its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2009. Copies of each filing may be obtained from the
S.E.C. or its web site at www.sec.gov.
CONTACT: CenterPoint Communications Group, LLC
Investor Relations
Todd Lorenze
(386) 775-2020
info@centerpointcg.com
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