LadyBug Resource Group Signs 20-Year Worldwide Exclusive Licensing Agreement for Health Product Line
01 Juillet 2010 - 3:45PM
LadyBug Resource Group, Inc. (OTCBB:LBRG) announced today that its
wholly owned subsidiary, Inner Path Health Corporation, has signed
an exclusive 20-year licensing agreement for the worldwide sales
and sub-license rights for the health, cosmetic and hair care
product lines of IPHI.
Dr. Craig Barton, COO of LadyBug Resource Group, was appointed
President of the Inner Path Health Corporation subsidiary. Dr.
Barton said, "Signing this exclusive licensing rights agreement is
part of a series of strategic investments that the Company has
planned to position LadyBug as an IP marketing innovator. The
Inner Path catalog met our criteria for products that address unmet
needs, can be fast-tracked to market and sub-licensed to key
territories with low manufacturing costs with a rapidly expanding
consumer base."
Dr. Barton continued, "Our initial focus for these products will
be concluding a joint venture agreement for manufacture and sales
in China, followed by sub-licensing South Korea, Taiwan, Vietnam,
Japan and India. Our plan is to sign a joint venture for the
European, Australian and South American markets while developing
the U.S. market on our own. In the U.S., our plan is to target
key markets -- multi-level organizations, retail chains and
successful e-commerce companies for exclusive license to key
products in our catalog that best fit their existing markets."
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. The Company is focusing on
the Chinese and American markets for license sales and joint
ventures. Wholly owned subsidiaries of the LadyBug Resource
Group (www.LadybugRG.com) include New Solar Electricity Corporation
(www.NewSolarEC.com) and Inner Path Health Corporation
(www.InnerPathHealth.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 are 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
407-775-2020
info@centerpointcg.com
www.centerpointcg.com
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