JZZ Technologies, Inc. Enters Agreement for First Acquisition in Bioscience Sector with Life Extension and Longevity Products Venture
Palm Beach, Florida--(Newsfile Corp. - November 11, 2021) - JZZ Technologies, Inc. (OTC Pink: JZZI) is aggressively pursuing its acquisition in the biotechnology and bioscience sector with its first agreement to acquire a new life extension and longevity products venture based in Aliso Viejo, California. Management expects that details of the product lines, research and oversight for the venture will follow immediately.
JZZ Technologies, Inc. will acquire 100% ownership in the new company. The acquisition will include, but is not limited to, exclusive licenses to therapeutic products, novel new compounds and additional novel therapeutics and natural compounds or extracts covered under an Investigational New Drug (IND) research program. The Company will also acquire access to the personnel and human resources required for ongoing development and to aid in research of new products.
The focus of the venture will be the rapid commercialization of therapeutic products. JZZ Technologies will apply its marketing capabilities to ensure well designed market strategies that complement the roll out and ongoing commercial application of all products.
Oversight of the research and product development will be carried out by the research teams and/or scientists responsible for their discovery or development of formulations or products.
Charles Cardona, CEO of JZZ Technologies, Inc., stated, "This new acquisition in the biotechnology and biosciences sector is a launch pad for our ventures in this very lucrative sector. There is a wide array of innovative technologies and breakthrough products that we can tap into in the human life extension and longevity areas. This first acquisition will showcase our ability to create exciting new products for specific markets and use the capabilities of our digital marketing platforms to maximize returns to our company."
"We will be working with world class, leading researchers to develop products that are well suited to our core audience of active individuals age 55+. These will be products that can potentially improve life quality and contribute to longevity. That's a very important area for aging individuals, and we see it as a solid business combination that will offer significant revenues very early on," Cardona added.
About JZZ Technologies, Inc.
JZZ Technologies, Inc. is a diversified technology company rolling up projects and partnerships in two distinct business sectors that operate cohesively; its digital media business includes online media and apps (activelifestylemedia.com), content creation, digital marketing, streaming video content, publishing, and free over-the-air television (EyeOnTV) targeted at active adults 55+. The Company's other business is focused on strategic biotechnology and bioscience acquisitions related to Human Life Extension and Human Longevity that can be immediately leveraged to support improved quality of life for aging populations.
DISCLAIMER and FORWARD-LOOKING STATEMENTS
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.
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