NEWPORT BEACH, CA / ACCESSWIRE / October 22, 2018 / NuLife Sciences, Inc. (OTCQB: "NULF") announced today that it has made the decision to relocate its corporate headquarters from Newport Beach, CA to Lafayette, LA.
According to NuLife Chairman Louis J. Resweber, this move is part of an overall strategic redirection of the Company, and should result in a significant reduction in operating costs on a going forward basis.
In August, NuLife entered into a merger agreement with LJR Security Services, Inc., which was based in Lafayette, and which is focused on the life safety and electronic security industry. In early October, the Company announced that it had elected Resweber, the former Owner of LJR Security, as its new Chairman, President & Chief Executive Officer.
In making this move, Resweber explained that (over the past five years) Lafayette area has been recognized as:
- the # 1 metropolitan area in the entire U.S. for overall economic growth, according to Area Development magazine;
- the # 5 city in the nation for new job development, according to a study conducted by Business Facilities magazine;
- the # 6 city in the United States for the pace of economic growth, as ranked by the Burea of Economic Analysis;
- one of the Top 10 small cities, in terms of economics and foreign direct investment, according to FDI Magazine;
- one of the Top 25 performing cities (for the 6th time in 7 years) according to an index from the Milken Institute;
- one of the Top 10 healthiest U.S. cities, according to a Gallup-Healthways poll published by 24/7wallstreet.com;
- and Lafayette was also named the "Happiest City in America" in a Wall Street Journal "Market Watch" report based on a National Bureau of Economic Research study conducted by the University of British Columbia and Harvard.
"We are extremely proud to call Lafayette our new home," said Resweber, "and we are thrilled to relocate into our new corporate headquarters in the beautiful Park Tower Complex - owned and beautifully managed by Rault Resources - which is still one of the most desirable and architecturally stunning hi-rise edifices in the entire Acadiana Region."
For Resweber - a native of Acadiana - this relocation marks a "homecoming" of sorts, after a 35-year business career that has included corporate transfers to California, Texas and other parts of Louisiana. Having begun his career in Lafayette, in the late 1970's, Resweber actually participated in the Grand Opening of the Park Tower in 1983, which was originally known as the Celeron Building. Resweber was an employee of Celeron Oil & Gas Corporation, the only Lafayette-based public company listed on the New York Stock Exchange (CEL), at that time.
Our New Corporate Headquarters • NuLife Sciences • Park Tower Complex • 400 East Kaliste Saloom Road • Lafayette, LA • 70508-8517
In addition to its move to Lafayette, Resweber reported that the Company is also currently in the process of searching for a strategic location in the Houston, Texas area from which it can spearhead planned operations in that state.
"From these two locations, we feel we will be perfectly positioned to execute our business plan of pursuing emerging merger and acquisition (M&A) opportunities in the rapidly-growing, $22 billion domestic security industry," said Resweber.
"In fact, since August, in the short time since we announced our strategic change of direction - and our tactical move into the electronic security sector - we have already generated tremendous interest among independent alarm dealers and systems integrators in our unique portfolio of products and services," Resweber concluded.
- About LJR Security Services, Inc. / Gulf West Security Network, Inc.:
LJR Security Services, Inc. and Gulf West Security Network, Inc. are primarily focused on the development and expansion of its own proprietary alliance of independently-branded life safety and property protection service providers, fire alarm and fire suppression system installers, video surveillance specialists, smart home designers, commercial systems integrators, structured wiring professionals and electrical contractors. Member Companies within the Gulf West Network are specifically active in the engineering, design, sales, installation, inspection, after-market servicing and remote monitoring of electronic intrusion alert ("security alarm") and fire detection ("fire alarm") systems for both the residential and commercial markets. For more information on LJR Security / Gulf West, please visit: www.ljrsecurity.com / www.gulfwestsecurity.com.
- Safe Harbor Disclosure:
This News Release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the Company's control. The Company's actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth below and elsewhere in this News Release. All statements, other than statements of historical facts, included in this News Release regarding the consummation of the proposed Merger, the timing of the same, the actual performance, timing and commercial viability of therapies under development, as well as statements regarding growth strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. When used in this News Release, the words "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this News Release. The Company undertakes no obligation to update any forward-looking statements or other information contained herein. Potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations suggested by the forward-looking statements included in this News Release are reasonable, including the Merger, and the time currently expected to close the Merger, the Company cannot assure potential investors that these plans, intentions or expectations will be achieved. The Company discloses important factors that could cause its actual results to differ materially from its expectations under "Risk Factors" in its most recent Annual Report on Form 10-K for the Fiscal Year-Ended September 30, 2017, and elsewhere in this News Release. These cautionary statements qualify all forward-looking statements attributable to the Company or to persons acting on its behalf. For additional information regarding the Merger and the Merger Agreement, please see the Company's Current Report on Form 8-K, to be filed with the U.S. Securities & Exchange Commission (the "SEC") substantially simultaneously with the date of the release of this News Release, and for additional information regarding the Company, please see the filings made by the Company with the SEC available on the SEC's website at www.sec.gov.
Contact: | Contact: |
on behalf of NuLife Sciences, Inc.: | on behalf of LJR Security Services / Gulf West Security Network, Inc. |
SOURCE: NuLife Sciences, Inc.
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