INDIAN HARBOUR BEACH, Fla., March 10, 2009 (GLOBE NEWSWIRE) -- Health Sciences Group, Inc. (Pink Sheets:HESG), announces today that the Company will undergo a name change and symbol change to better reflect the future business of the Company. Along with the name change, the Company has no intentions of a reverse stock split. However, the Company has increased its authorized shares to 5,000,000,000 to capitalize the Company for acquisitions.
The new name of the Company will be Solana Holdings and the Company will focus on becoming a diversified holding company and will continue to pursue diversified acquisitions. The name change and symbol change will become effective no later than April 1, 2009.
The Company will continue to operate iGoHealthy.org and iGoHealthy Magazine of which will become a wholly owned subsidiary incorporated under the name iGoHealthy Media, which we have committed to becoming a revenue generating entity by marketing and promoting iGoHealthy.org and iGoHealthy Magazine as a premier health and wellness website and magazine.
As far as future acquisitions are concerned and building and growing a holding company, and in addition to seeking acquisitions with health related companies, the company intends on initially targeting precious metals, energy and green projects-related business.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.