KIRKLAND, Wash., Aug. 17, 2010 (GLOBE NEWSWIRE) -- LadyBug Resource Group Inc. (OTCBB:LBRG) announced today that it has signed a Letter of Intent to acquire 100% of Men's Medical Corporation, owner of the Boston Medical Group's name trademark, patents and license rights for the U.S. As a consequence of this transaction, LadyBug anticipates changing its name to Men's Medical Group Inc. and will spin off its two subsidiaries to shareholders of record at a date to be announced.
Boston Medical Group (BMG) is a global alliance of medical centers sharing research information and treatment methods for male sexual dysfunction. For over fourteen years, BMG has focused on the treatment of ED, treating over 600,000 men with "the Boston Method." BMG offices can be found around the world, with locations across the United States, Latin America, the Middle East and Europe.
The U.S. market for men's sexual dysfunction therapies is expected to reach an estimated $1.72 billion by the end of 2010. Worldwide, more than 150 million men are affected by erectile dysfunction, with an additional 35 million men per year experiencing symptoms for the first time.
For more information about the company behind the name, trademark, patent and license rights that Men's Medical Corporation has acquired, please visit www.BOSTONMEDICALGROUP.COM
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. For more information please see www.LadybugRG.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 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.
CenterPoint Communications Group, LLC Investor Relations Todd Lorenze (386) 775-2020