SATELLITE BEACH, Fla., Oct. 26, 2009 (GLOBE NEWSWIRE) -- Health Sciences Group, Inc. (Pink Sheets:HESG) is proud to announce the appointment of Dr. Fred Aserati to spearhead the company's interest in exploring either applying for licensing of distribution of medical marijuana in California or seeking acquisition or partnership of existing medical businesses.
Thomas Gaffney, Health Sciences President and CEO, said, "In a perfect world we would like to acquire an existing medical marijuana business; unfortunately, we need to identify existing companies that have the same goals and business. That is why we have appointed Dr. Aserati, Ph.D to explore these options."
Dr. Aserati has an extensive background in studying the government's policy on the growing and distribution of medical Cannabis/Marijuana.
In a recent report, the Obama administration issued a new medical marijuana policy that is one more step toward legalization, as the federal government won't prosecute medical marijuana if compliant with state law. Health Sciences Group sees it as definitely one giant step closer to the legalization of Medical Cannabis/Marijuana as a Government supported legal medical treatment.
COMPANY UPDATE: Health Sciences Group, Inc. has re-launched its media operations with the re-launching of its website iGoHealthy.org. In addition it will be offering a free download of the first edition of its e-magazine, iGoHealthy, on October 30, 2009.
Thomas Gaffney adds, "We are still an operating media company. We have ongoing commitments to our web advertisers and have picked up some additional advertisers. We've completely streamlined our operation and are determined to succeed. We are fortunate enough to capture the interests of Dr. Aserati and to attempt to capitalize on the Obama Administration's recent decision."
ABOUT HEALTH SCIENCES GROUP, INC.
Health Sciences Group, Inc. is a provider of health and wellness services to consumers, physicians and other healthcare professionals through its website www.igohealthy.org and health focused publications. The Health Sciences network consists of its public website www.igohealthy.org and iGoHealthy Magazine. The Company operates in three segments: Online Services, Publishing and Other Services.
FORWARD LOOKING STATEMENTS
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Health Sciences Group, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.