SEC Staff has Recommended That No Enforcement Action Be Taken Against the Company For Alleged Violations When it Was Previously a Business Development Company (BDC)

August 12, 2008. Integrative Health Technologies, Inc. (“IHTI”) is pleased to announce that it has been advised by SEC staff that they are recommending that no enforcement action be taken against IHTI for alleged violations of the Investment Company Act (the “Act”) when it elected to report as a business development company (“BDC”) on Feb 11, 2005. The discussions with the SEC have been disclosed in the Company’s filings since IHTI acquired Senticore in June 2006.  As part of a Reverse Merger Agreement in 2006, the Company became known as IHTI and the current management team was installed.  Shortly after the 2006 transaction, IHTI began working with the SEC to identify and resolve alleged violations of the Act.  IHTI has taken many steps to rectify the issues, including withdrawing its BDC election on May 7, 2007, and the SEC has acknowledged IHTI’s cooperation. IHTI is also re-stating its past financial information as an o... [Read More]