HOBOKEN, New Jersey, April 4, 2017 /PRNewswire/ --
LTS Nutraceuticals Inc. (LTS) (OTC: LTSN) today announced that they have formed The Health & Wellness Broadcasting Corporation as a wholly-owned subsidiary.
The subsidiary has agreed in principle to acquire a health & wellness network with a digital platform and presence on Roku (According to a release from the company, Roku accounted for 48 percent of active streaming players in the U.S. for the full year of 2016, including record growth resulting in nearly $400 million dollars in revenue.) and Xbox 360's non-gaming digital platform. The company expects to negotiate or acquire additional digital platform distribution and/or networks.
The subsidiary will develop, produce and acquire health & wellness related content that will be broadcast over the company's digital platforms, other distribution platforms and traditional broadcast television.
LTS is also currently negotiating with agents and artists within the entertainment industry to work with the company on product endorsement & promotional activities, hosting content, live content and the development/production of health & wellness related content.
The company intends to use the acquired network to broadcast their own infomercials, commercials, program sponsorship and product placement within the shows self-produced.
About LTS Nutraceuticals Inc.
Headquartered in Hoboken, NJ, LTS Nutraceuticals Inc. is a health & wellness holding company engaged in acquiring existing companies within the sector of nutraceutical and organic products. We also develop our own branded products, develop brand identity; assist in arranging for contract manufacturing, fulfillment and marketing.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE LTS Nutraceuticals Inc.