19:33:15 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Gemoscan Canada Inc
Symbol GES
Shares Issued 37,986,560
Close 2015-01-14 C$ 0.015
Market Cap C$ 569,798
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Gemoscan, A.C. Simmonds to work on natural remedies

2015-01-15 17:18 ET - News Release

Mr. Brian Kalish reports

GEMOSCAN CANADA INC. FORMS CORPORATE DEVELOPMENT ALLIANCE WITH A.C. SIMMONDS AND SONS

Gemoscan Canada Inc. has formed an alliance with A.C. Simmonds and Sons. The alliance will focus on corporate and business development initiatives focused around Gemoscan's previously stated goals of leveraging its patented intellectual property and proprietary processes to become one of the leading integrated platforms in the rapidly growing multibillion-dollar North American consumer-based health care market. The alliance will help the company to further expand its position in the health and wellness industry, with a particular focus on natural remedies and treatments.

Today, the company's programs are offered by over 600 pharmacies and medical clinics, including clinics owned and operated by Gemoscan, across Canada, as an adjunct to conventional modalities. Among other considerations, the alliance will seek to identify and sufficiently capitalize Gemoscan to acquire businesses and enter into partnerships that may represent immediately accretive sales while functioning as organic channels for Gemoscan's patented medically supervised diet-related wellness programs in Canada and the United States. These businesses include consumer-oriented health care enterprises incubated by A.C. Simmonds and Sons, which among other initiatives embrace offerings through the Caribbean and the United States.

"We are very happy to be aligning our interests with those of A.C. Simmonds and Sons, an enterprise established in 1918. Working with its team, including its chairman and CEO, John Simmonds, one of Canada's leading entrepreneurs, is a considerable boon for our business and shareholders. A.C. Simmonds and Sons' experience in both the capital markets and in acquiring and building profitable companies is an exciting step for Gemoscan as we work to be an integrated provider and developer of wellness businesses in the massive North American health care marketplace," said Brian Kalish, chief executive officer of Gemoscan.

As part of the alliance, A.C. Simmonds and Sons will name a representative to Gemoscan's board of directors as soon as it is practical.

"A.C. Simmonds and Sons is very excited with this opportunity to work with the GES team. This alliance will provide a platform for several initiatives that we have been pursuing related to our food business, along with wellness products that we have been developing over the last year. We believe there is great potential to build a strong and dynamic heath care business in the years to come," said Mr. Simmonds, chief executive officer of A.C. Simmonds and Sons.

About A.C. Simmonds and Sons

A.C. Simmonds and Sons, with lineage through its management team to 96 years of business experience, is a Canadian-based company with interests across North America and a growing international presence. The company is focused on acquiring profitable businesses for expansion and development in seven growth sectors: international food, oil and gas, mould remediation, waste management, renewable energy, leisure, and the entertainment industry. Mr. Simmonds, the company's chairman and chief executive officer, co-founded the largest Canadian golf course operation and has established and expanded companies, and built effective teams. Mr. Simmonds has served as chairman and member of the board of directors of several public companies.

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