SCOTTSDALE, Ariz., April 18 /PRNewswire-FirstCall/ -- Clear Choice Financial, Inc. ("Clear Choice") (Pink Sheets: CLRC), a Nevada corporation, today announced that it has signed a term sheet to acquire all of the business entities of Foundations Financial Group. Foundations Financial, headquartered in Scottsdale, AZ, provides a blend of asset planning and wealth building services utilizing real estate and asset-backed investments to create and preserve wealth for its individual and institutional clients. "We are thrilled to sign this term sheet as the entry into a definitive agreement and closing of this transaction would begin the transformation of our Company," said Chad Mooney, Clear Choice, Chairman and CEO. "Foundations brings a world class asset planning platform that helps address the looming retirement needs of the more than 78 million aging baby boomers reaching retirement age over the next 15 years." Mooney added: "We believe these future retirees are currently underserved by traditional financial planning models and are searching for alternative investment opportunities to better secure their retirement. Foundations is uniquely positioned to address these needs." Clear Choice is presently negotiating a definitive agreement to acquire these business entities and anticipates a closing in late May subject to completion of due diligence and certain financial conditions which would be met by Foundations Financial. Forward-Looking Disclaimer This press release may include statements that constitute "forward-looking statements," which are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Clear Choice and its subsidiary to be materially different from those expressed or implied by such forward-looking statements. Specific forward-looking statements contained in this press release include, but are not limited to: whether the Company will be able to raise additional capital, whether the Company will be able to continue operations and whether the Company will locate opportunities within its industry that will permit it to acquire new operations. Factors that may affect forward-looking statements and the Company's business generally include but are not limited to (in addition to the risk factors and cautionary statements made in the Company's SEC filings and other factors that Clear Choice Financial is currently unable to identify or quantify, but may exist in the future), the outcome of the Company's negotiations with creditors and the availability of financing, which is subject to changes in capital markets. Factors that affect the closing of the transaction will include entry into definitive agreements to acquire these business entities, ordinary due diligence and certain financial requirements to be met by Foundations Financial Group. These factors may also affect the timing of the consummation of the transaction, if a closing occurs. Forward-looking statements speak only as of the date the statement was made. Clear Choice Financial does not undertake and specifically declines any obligation to update any forward-looking statements. DATASOURCE: Clear Choice Financial, Inc. CONTACT: Chad Mooney of Clear Choice Financial, Inc., +1-480-621-5925,

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