|By Marketwired .||
|February 7, 2014 09:30 AM EST||
MIAMI, FL -- (Marketwired) -- 02/07/14 -- Intelligent Living Inc. (OTCQB: ILIV), in its ongoing efforts to be a leading 21st century Health and Wellness company and its commitment to deliver best in breed services and products, announced its LOI with Green Roads of Florida, LLC a leader in the development of Cannabinoids (CBD's) and a herbal homeopathic manufacturer of products for conditions such as pain, migraines, psoriasis, sleep and spa therapies.
As initially outlined as part of the roadmap for 2014 released late last year, this acquisition exhibits further execution of the ILIV strategy to unveil innovative products within our Core Operating Area (COA) of health and wellness products and is complementary to our earlier acquisition of drlarrydirect.com. This acquisition would clearly strengthen our position going forward to be a leading ecommerce retailer of health, wellness and alternative formulas. These natural bioactive CBD compounds have health promoting and medicinal properties. These two product lines are synergistic and complementary in nearly every respect.
As the myths and stereotypes associated with cannabis are set aside in favor of the ever increasing science in support of its benefits and safety, management felt it was important to find a strategic entry into this space. Our LOI with Green Roads or Florida, LLC was the result of a search for a partner with the expertise and segmentation within the overall industry that would fit within the ILIV business plan. Their patent pending portfolio of topically delivered, CBD-based therapeutics and alternative formulary provides a strategic advantage that could not be ignored.
About Green Roads of Florida, LLC
Green Roads of Florida, LLC is a leader in the development of Cannabinoids (CBDs) and, an herbal homeopathic manufacturer of products for conditions such as pain, migraines, psoriasis, and sleep and spa therapies. Green Roads has a current portfolio of 14 US patents pending.
About Intelligent Living Inc.
Intelligent Living Inc. operates as a development stage company focused on the ever-expanding eHealth and eCommerce markets. Its segments include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiaries MIND360 Studios LLC, and Health and Beyond Nutra Company Inc. Intelligent Living Inc., based in Florida, is a health and wellness company engaged in the development of software and technology to aid in age management and cognitive health. The mission of Intelligent Living is to improve a person's quality and function of daily living over a span of many years.
More information about Intelligent Living can be found on the Company's website located at http://www.intelligentlivinginc.com.
Forward Looking Statements
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and as such, may involve risks and uncertainties. Intelligent Living Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
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