RENO, NV, United States, via ETELIGIS INC., 12/11/2014 – – INTERACTIVE HEALTH NETWORK (OTC Pink: IGRW) (PINKSHEETS: IGRW), a health company specializing in advances in Supplements for Health and Anti-Aging today announced that is has completed the conversion of $250,000 of a note payable to preferred stock. This conversion is the first one of a restructuring the Company’s debt to equity.
"It is my goal to get Interactive Health Network debt free prior to December 31, 2014. Such cleansing of our balance sheet will provide a platform for focused organic and inorganic growth in our core supplement and health products. Additionally, this will allow the Company to bring additional funding to monetize its existing businesses and assets,” said Fred Schiemann, President and CEO of Interactive Health Network.
Additionally, the Company plans on divesting itself of its managed services offerings to the legal medical marijuana market segment and will focus strictly on its supplement and lifestyle products.
"Until such time that Medical Marijuana is federally legal, or there is a definitive ruling on treatment of public companies in the Medical Marijuana market space, we have determined that it is in the best interest of our company and shareholders to divest our Managed Services in this space. We will continue to expand our health supplement and lifestyle product lines through organic growth as well as through acquisitions to ensure maximum value for our shareholders,” said Fred Schiemann, President and CEO of Interactive Health Network.
About Interactive Health Network:
Interactive Health Network is a publicly traded holdings company that manufactures, markets and sells high quality lifestyle products and nutraceuticals. We plan on extending and deepening our product lines to include other progressive market segments through acquisitions. We operate under strict levels of quality and operate with the highest level of integrity in all of our businesses. Interactive Health Network is publically traded on the OTC market under the symbol IGRW. www.Interactivehealthnetwork.com
The Company specializes in advances in Supplements for Health, and Anti-Aging with a special interest in Preventative Medicine. The Company was formed to distribute nutraceutical formulas developed over thirty years of research by world renowned team of UCLA scientists. Wellnessbuilder scientists have created more than a dozen fucoidan-based formulas which are intended to address the needs of individuals suffering from DDS (Degenerative Disease Syndrome), which includes such maladies as gastrointestinal disorders, auto-immune diseases, asthma, Alzeimer’s, dementia, diabetes, arthritis, cancer, and heart disease. www.wellnessbuilder.com
About Here We Grow Store:
HWGS is a leader in the Indoor Garden and Hydroponics Industry as a national retailer of horticulture equipment and growing supplies headquartered in Denver, Colorado. Specializing in e-commerce worldwide, the company’s website http://www.herewegrowstore.com is a state of the art online retail store where you can purchase all the leading Nutrients, Growing Lights, and Air controllers necessary for indoor gardening. Here We Grow Store has exclusive Distributor pricing of high quality nutrients and grow lights that are distributed in the US and Worldwide. For more information please visit www.herewegrowstore.com.
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.