Rodocanachi Capital Inc. ("Rodocanachi") (TSX VENTURE: ROD.P) today
provides additional details on its qualifying transaction with
Golden Moor Inc. ("Golden Moor" or the "Corporation"). As
previously announced, Rodocanachi and Golden Moor have entered into
an agreement in principle under which Rodocanachi would acquire all
of Golden Moor's issued and outstanding shares (the "Qualifying
Transaction").
Description of Golden Moor
Golden Moor, a manufacturer and distributor founded in 1987,
extracts moor mud containing humic acid, which is meant for use as
an anti-inflammatory, antioxidant, hormone balancer, heavy metal
chelator and astringent. The Corporation's mission is to improve
global health with natural products, special equipment and personal
services. Golden Moor produces 34 products intended for end use by
consumers. The Corporation's sales are generated by the spa and
wellness industry, massage therapists, aestheticians and health
professionals. Golden Moor, which has 14 employees, has ventured
into the direct consumer market approach through an affiliate
program under which it has developed a network marketing and
customer acquisition program.
Golden Moor's product lines are as follows:
- Mud bath: pine, lavender, - Silhouette cream
chocolate, mountain mist
- Mud wraps: body moor mud, - Svelte cream
sculpture moor mud, chocolate,
mocha java
- Mud facial: black facial mask - Silhouette oil
- Physio-active cream - Nutrimoor
- Hydra-moor cream - Detox cure
- Body scrubs: lavender,
rosemary-eucalyptus, citrus - Nergymoor
- Foot soak
Golden Moor also markets an ion detox foot bath (the X3 vibe
platform) intended to reduce pain, improve global health and
detoxify the system.
Golden Moor's market strategy is based on four important
pillars: retail sales, service sales, direct sales through the
affiliate network and direct sales through the G-Moor centers
network. Its unaudited financial statements for the fiscal year
ended August 31, 2009 show that its revenues increased 46% over the
previous year, from $761,978 to $1,109,476. Its current strategy is
to reinvest profits for product development and marketing
purposes.
Golden Moor's team includes its new VP Network Marketing
Division, Scott Reese, and its new VP Affiliate Program Division,
Charles Mui.
Scott Reese earned a Masters Degree in Education, after which he
became a marketing and business consultant. Mr. Reese has acted as
marketing director, consultant, and board member of a variety of
businesses. He has been featured in national magazines for his
innovative approach to sales and marketing and has received
multiple awards for top sales person in several direct sales
companies.
Charles Mui has been in the relationship marketing and direct
sales industries since 2002. Mr. Mui's services as a marketing
system architect are sought after by both the affiliate marketing
and network marketing industries.
In addition, Golden Moor has an advisory team made up of Zayed
Ratansi, Simon Tanguay and Yannick Lupien.
Zayed Ratansi holds a BSc from the University of British
Columbia in Vancouver and a Doctorate of Naturopathic Medicine from
Bastyr University in Seattle. He is certified in hyperbaric
medicine, bio-oxidative medicine, and chelation therapy. Dr.
Ratansi uses his knowledge and expertise in the spa industry to
popularize naturopathic medical techniques, focusing on medispa
treatments.
Simon Tanguay graduated as a chiropractic doctor from the
Universite du Quebec a Trois-Rivieres in 2005. He is an expert in
human potential optimization with extensive training in that field.
Mr. Tanguay also specializes in business restructuring and
strategic planning. He is the president of a company in the field
of business development and CEO of another in the finance
industry.
Yannick Lupien competed in the Sydney (2000) and Athens (2004)
Olympic Games as a member of the Canadian swimming team. He became
the first Canadian to break the 50-second barrier in the 100-metre
freestyle at the Pan Pacific Championships in 1999. He now coaches
in Quebec.
Additional information on Golden Moor is also available at
www.goldenmoorbiz.com, www.goldenmoormud.com and
www.goldenmoor.com.
Increase in Proposed Private Placement
As previously announced, Rodocanachi will conduct a non-brokered
private placement (the "Proposed Financing") concurrently with the
Qualifying Transaction. The minimum amount of the Proposed
Financing has been raised to $1,900,000 (being 19,000,000 units at
a price of $0.10 per unit) and a maximum amount of $2,500,000
(being 25,000,000 units at a price of $0.10 per unit). Each unit
remains comprised of one common share and one common share purchase
warrant entitling the holder to subscribe for one common share of
the resulting issuer at a price of $0.15 during a period of 24
months following its issuance.
For more details on the Qualifying Transaction and the Proposed
Financing, please see the Rodocanachi's press release dated
November 3, 2009.
Forward-Looking Statements
Forward-looking statements included or incorporated by reference
herein include statements with respect to (i) the completion of the
Qualifying Transaction; (ii) Rodocanachi's management team and
business plans following the Qualifying Transaction; and (iii) the
funds to be raised under Proposed Financing. Although Rodocanachi
believes the expectations reflected in these forward-looking
statements are based on reasonable assumptions, it can give no
assurances that these expectations will be achieved. Factors that
could cause actual results to differ materially from expectations
include the effects of general economic conditions, the
availability of equity financing, actions by government or
regulatory authorities, uncertainties associated with contract
negotiations, additional financing requirements, market acceptance
of the products of Golden Moor and competitive pressures.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Rodocanachi Capital Inc. Mr. Richard Besner President
and Chief Executive Officer 514-824-5434 Golden Moor Inc. Mr. Marc
Saint-Onge President and Chief Executive Officer 613-878-7667
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