Miami, Florida--(Newsfile Corp. - March 4, 2021) - AllStar Health Brands Inc. (OTC Pink: ALST) a specialty pharmaceutical and nutritional supplements company is pleased to announce it has entered into agreements with all debt holders to lock up their debt for up to six months, followed by a leak-out of common shares over a period of time.
Dr. Daniel Bagi, President of AllStar stated, "The debt holders of AllStar wish for the Company to succeed and this lock-up and leak-out will allow AllStar options such as refinancing, restructuring the Balance Sheet, and pursuing acquisitions already in the pipeline, and hope to build shareholder value. We are extremely pleased with the Lock-up and Leak-out terms and appreciate the cooperation of the debt holders."
About AllStar Health Brands Inc.:
AllStar Health Brands Inc. is a Nevada Corporation established in 2017 and headquartered in Miami, Florida. AllStar is a specialty Health Care Products Company dedicated to improving health and quality of life by offering select nutritional supplements, over the counter remedies, and medicines all across the Americas and Europe. AllStar's goal is to bring additional products to the market and provide new, innovative options for better health and well-being.
For more information, please contact Investor Relations at (305) 423 7028.
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76082
