Jul 14 2010
Hard to Treat Diseases, Inc. (HTDS; http://www.htdsmedical.com) is pleased to share that HTDS is currently involved in discussions regarding a divestiture of subsidiary Collagenna.
In a company filing on June 23, 2010, HTDS reported legal recommendations pertaining to resolving the company's Caveat Emptor (skull and bones) ranking with Pink Sheets. The consulted securities lawyer suggested a divestiture with Collagenna to simplify HTDS' corporate structure. Following these recommendations, HTDS began the process of looking for a buyer for Collagenna. Axia Group Inc. (PK:AGIJ), a business holding company, expressed interest in purchasing Collagenna, since it is currently seeking viable merger candidates. HTDS is pleased to announce that negotiations have begun on this matter.
HTDS, management is of the opinion that, "This is a mutually beneficial divestiture arrangement. Collagenna is a very valuable company, with tremendous growth and global distribution opportunities, but is perhaps better suited in another company. Our board believes that this divestiture will strengthen shareholder value of HTDS. Investors and followers are keen on HTDS' commitment to medical technology and research and we intend to foster this keenness."
The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.