Press Integrative Health Technologies, Inc.'s Reports Four Profitable Quarters, Increased Assets, Reduced
Published on April 16, 2007
April 16 – After closing its merger Agreement with Senticore, Inc. (SNIO) on June 3, 2006 and installing a new management team and directors, Integrative Health Technologies, Inc (IHTI) discovered a number of irregularities associated with the Company’s pre-merger 2005 election to be regulated as a Business Development Company (BDC). In July 2006, the current management decided not to publish any press releases until these irregularities could be addressed, a reverse split could be implemented, and shareholder approval was obtained to withdraw the Company’s BDC status. Those actions have now been completed and this update is being provided to existing and future shareholders. All filings and press releases from June 2006 are now, or soon will be, available on the Company’s website, www.ihtglobal.com. Since June 2006, the Company:
v Completed its fourth straight quarter of net profits
v Achieved an average quarterly cash flow of $152,000 over the past 4 quarters
v Increased its assets to $9,321,531
v Reduced its liabilities to $381,225
v Recaptured 40,287,329 shares (22.2%) of the 181,145,154 previously issued and outstanding
v Issued no additional shares during the last four quarters nor executed any loans
v Executed reverse split reducing the common shares from 8,140,857,828 available for issuance to 40,704,443
v Received a grant from Mannatech, Inc. (Nasdaq: MTEX) to analyze IHTI’s massive medical data base
v Acquired ownership of 8% of AlgaeCal International (www.algaecal.com)
v Completed R & D for AlgaeCal/Strontium Pro, Company’s Bone-health Program for Healthcare Professionals
v Signed contract with investment relations firm to attract new investors and maintain current shareholder base
IHTI is also nearing completion of its 400-subject study of the effects of the AlgaeCal Bone-Health Plan (www.algaecal.com) on the bone density, body fat and lean of children, adolescents and adults. The study is being conducted in response to the U.S. Surgeon General’s “Call to Action” upon finding that “America’s bone health is in jeopardy” citing a USDA finding that over two-thirds of America’s adolescents are not receiving sufficient bone-building nutrients to support normal bone growth during a period when over 90% of their bone growth occurs.