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.
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