Agtech Global International Inc. To Acquire NooMeds LLC
August 24, 2021 at 08:30 AM EDT
Newport Beach, California, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Agtech Global International Inc. (OTC Pink: AGGL) is pleased to announce it has executed a Heads of Agreement to acquire the dietary supplement company NooMeds LLC from Dr. Malcolm A. Leissring, a Harvard Medical School-trained research scientist and president of the Auguste Deter Foundation (www.ad.foundation), a charitable foundation he established to support research into cures for, and prevention of Alzheimer’s disease.
NooMeds LLC is the owner and manufacturer of A.L.Z. Defense, a scientifically tested dietary supplement formulated for memory health. The core formula within A.L.Z. Defense™ was originally developed by Dr. Curt Hendrix with funding from the National Institutes of health and scientifically tested in two animal models with Alzheimer’s disease, by renowned neuroscientists. As reported in two peer-reviewed scientific publications (Ref: 1 &2), Dr. Hendrix’s formula worked incredibly well in both animal models.
AGGL’s wholly owned subsidiary, Galexxy Corp., expects to finalize the acquisition of NooMeds LLC by August 31 of this year and plans to augment the A.L.Z. Defense™ formula by the addition of high-quality cannabidiol (CBD) and feature ALZ Defense in Galexxy’s Brain Health and Fitness product segment. Alzheimer’s disease is a devastating, progressive, and presently incurable brain disease that affects more than 6 million people in the United States alone.
Dr. Leissring, who was recently awarded a $3-million grant from the National Institutes of Health to continue his research on Alzheimer’s disease at the University of California, Irvine said “As a long-time researcher in the Alzheimer’s field, which has made frustratingly slow progress, it is gratifying to see A.L.Z. Defense enhanced by the addition of CBD and distributed nationally through Galexxy’s unique, patent pending Virtual Retail Marketing System.”
About Us: Agtech is publicly traded on OTC Markets Pink (OTC Pink: AGGL). Based in Newport Beach, California, Agtech recently restructured its agricultural supplies business to enter the rapidly developing markets for premium CBD consumer products. Its “seed to sale” business strategy is keenly focused on the important synergy between health and wealth. Galexxy Corp. is also based in Newport Beach and was recently acquired by AGGL for its aggressive entry into the CBD consumer products market.
Forward-Looking Information: This press release contains “forward-looking information” and “forward-looking statements” (collectively, “statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release.