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Media Contacts
Lilly Ghahremani
Chief Marketing Officer &
Corporate Communication
Healthcare of Today, Inc.
mediacontact@healthcareoftoday.com
Tel:(866)963-2417 x 802
Press Release
Healthcare of Today Signs Letter of Intent For International Stem Cell Research and Treatment Facility Joint VentureBURBANK, CA -- February 16, 2010 -- Healthcare of Today, Inc. announces that Concorde Gruppe GmbH (“Concorde Gruppe”) has signed a letter of intent to build a $50M stem cell research and treatment facility for Healthcare of Today in Romania.
Under the terms of the Letter of Intent, Concorde Gruppe would provide Healthcare of Today with a 625,000 sq. foot facility in the state of Suceava, Romania. Furthermore, Concorde Gruppe would build a state of the art stem cell research and treatment facility to be managed and operated by Healthcare of Today.
Healthcare of Today has continued to grow its international presence. In 2009 the company signed a letter of intent with the government of Sarawak, the largest state in the Federation of Malaysia, for the building and operation of a state-of-the-art stem cell research and treatment facility.
While Healthcare of Today has examined how to best export its companies’ services and technology into international markets, it has also taken steps to add international companies to its portfolio. In December 2009 it announced the acquisition of Xenotis Pty Ltd., the Australian-based producer of advanced human tissue engineering technology for $40M.
Healthcare of Today CEO Henry Jan says, “We are not only interested in offering more efficient, comprehensive healthcare options to Americans, but to people all over the world. Our business model has direct international applications and we intend to explore any and all avenues that may be of benefit to our companies and our shareholders.”
About Healthcare of Today
Healthcare of Today, formed in 2008, acquires and develops companies primarily within the healthcare industry. Through its many subsidiaries, Healthcare of Today owns and operates a number of vertically-integrated businesses including: adult stem cell research and development technology, advanced human tissue engineering, medical device technology, medical and home healthcare equipment sales, hospice care, residential care facilities for the elderly, home healthcare services, nurse and therapist staffing, healthcare information technology, healthcare consulting, insurance, medical billing, data protection and security.
This announcement is not an offer to sell any Healthcare of Today securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934.
Healthcare of Today press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements will be found in the company's Registration Statement to be filed with the SEC.
Media Contact:Lilly Ghahremani
1-866-963-2417 ext 802
mediacontact@healthcareoftoday.com
www.healthcareoftoday.com
Online newsroom: www.healthcareoftoday.com/MediaRoom
