HealthSport, Inc. announced today that it has completed its acquisition of 100% of the issued and outstanding stock of Cooley Nutraceuticals, Inc. by issuing 375,000 shares of its restricted common stock.
CNI is a non-operational company that owns a proprietary formula that provides relief from symptoms associated with hangovers.
HSPO President, Ross Silvey, stated “The acquisition of CNI provides HealthSport with a second product that can be taken through the use of thin layered strips similar to our electrolyte sports strip which was co-developed with Innozen. We anticipate launching the hangover strip in the second quarter of 2007.”
HealthSport, Inc. is a company focused on providing better health through natural products. Its flagship product is an electrolyte replacement strip for people who exercise and compete in athletic competitions.