Business Continuity Solutions Signs Letter of Intent for a
SCOTTSDALE, AZ, United States, via ETELIGIS INC., 06/03/2015 – – Business Continuity Solutions, Inc. (OTC Pink: BUCS) (PINKSHEETS: BUCS), today announced that it has signed a letter of intent to acquire LXR Biotech LLC (“LXR”). LXR provides functional liquid shots for energy, weight loss, focus and sleep. LXR has the exclusive use of patented time release technology in its offerings, making LXR up to 3.5 times more effective than any other competing products in the market place. LXR had revenues for 2014 of approximately $2.4 million.
LXR, a Michigan-based corporation established in 2011, creates quality energy shots and innovative shot products. According to LXR’s founder and former 5-Hour Energy operations executive, Andrew Krause, “Our team has more experience with liquid supplement shots than any other team in the United States. We consider our business plan and strategy and our track record to be in the best interests of Business Continuity Solutions and its shareholders as an exciting and explosive offering for the tens of millions of consumers that use energy shots, drinks and other liquid supplements.”
Mr. Krause continued, “After significantly growing our business to include solid partnerships with top national retailers, I strongly believe that the next logical step in our corporate development is being public. The greater access to capital and overall visibility afforded by operating as a publicly-traded organization should play an instrumental role in our ability to expand.”
John Gorman, Chairman and CEO of Business Continuity Solutions, said, “It has been our intent to enhance shareholder value by joining with a company of impeccable credentials having a high-quality management team with an exciting product that is already to market. Current projections are for the energy drink and shots market to reach $21 billion in sales by 2017, and we think LXR could be a frontrunner in the business. With LXR’s successes in bringing products to market, I am confident in the future of this company. This acquisition would provide greater resources to accelerate market penetration and growth of the company.”
LXR Biotech LLC
LXR Biotech LLC, headquartered in Auburn Hills, Michigan, provides premium functional liquid shots for energy and other functions. For more information, visit www.lxrbiotech.com.
Safe Harbor Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, which include, among others, the inherent uncertainties associated with smaller companies, and the company’s ability to secure funding. Such statements are subject to a number of assumptions, risks and uncertainties. Readers are cautioned that such statements are not guarantees of future performance and those actual results or developments may differ materially from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information or otherwise.
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SOURCE: Business Continuity Solutions, Inc.