KIRKLAND, Wash., Aug. 26, 2010 (GLOBE NEWSWIRE) -- LadyBug Resource Group Inc. (OTCBB:LBRG) announced today the spin-off of Inner Path Health Corporation to the shareholders of record as of October 4, 2010. Shareholders will receive one share of Inner Path Health Corporation for every ten shares of LadyBug Resource Group Inc.
Inner Path Health Corporation, which recently announced the signing of an exclusive 20-year licensing agreement for the worldwide sales and sub-license rights for a line of 170 health, cosmetic and hair care products, is in the process of arranging US manufacturing for its product line. The Company is focused on building sales in China, North America and formulating exclusive products for the multi-level industry.
"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 Todd Lorenze, Investor Relations (386) 775-2020