Preferred Commerce and Opencell Biomed Conclude Share Exchange Transaction in Successful Completion of Acquisition


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PK:OCBM
08/22/2014 [ACCESSWIRE]

WELLINGTON, FL / ACCESSWIRE /  Opencell Biomed (OTC Pink: OCBM) (PINKSHEETS: OCBM) Preferred Commerce, Inc., d/b/a "Growums" ("Growums" or "Preferred Commerce"), an innovative company offering unique children’s education and online gaming products designed to combat childhood obesity and promote nutritious choices, has completed a share exchange transaction with Opencell Biomed, Inc. (OTC Pink: OCBM), which became effective August 15, 2014. The shareholders of Growums have acquired approximately 99% of the issued and outstanding shares of OCBM common stock.

Michael Ferraro, CEO of Preferred Commerce, stated, "This is an important corporate milestone that we are very pleased to have accomplished. With over 30 million US households as home to children between the ages of 4 and 11, our mission ultimately on a global scale, is to attract, educate and empower our next generation with these vital life-changing health principles. The opportunities this presents, we believe, will be greatly advanced by our status and recognition as a public company. We also anticipate that this transaction will increase our ability to attract leaders in childhood development, health and education for greater exposure of our cause." He concluded, “Our new status as a public company will provide us access to the capital markets and greater visibility as we advance our products and our mission and increase worldwide attention to the importance of healthy eating habits and the increasing epidemic of childhood obesity." 

The Company’s primary current focus is squarely set on the reversal of childhood obesity and stressing the importance of child and adolescent nutrition through a program that combines hands-on gardening and education with entertainment and online gaming. Since the Company’s recent launch, Growums has placed nearly a million garden kits into the hands of children and families. The Growums system has become a fun and interactive educational experience that continues to empower children by showing them how healthy, fun and easy it is to find nutritious foods they can grow and enjoy at home. 

Growums aims to teach the vital importance of fresh natural food, proper nutrition and the benefits of leading a healthy lifestyle. With this objective, the Company families a unique experience, combining real-world gardening expertise delivered virtually through a creative cast of cartoon friends known as "the Growums." This virtual world of fun garden characters, gaming and social activities for children is enhanced by the actual experience of helping children learn how to successfully grow real vegetables to use in healthy, delicious meals.

Childhood obesity is a swiftly growing epidemic. The Company’s mission is to reach the youth with its creative and effective strategies that can help curb the growing tide of dietary-related illnesses. According to the Centers for Disease Control and Prevention, obesity now affects triple the number of children and adolescents in the United States from just one generation ago. Studies reveal that estimates from 2010 classify more than one-third of children and teens as being overweight or obese. Obesity creates a higher risk for type 2 diabetes, cardiovascular disease, sleep apnea, and bone or joint problems.

Preferred Commerce and its lovable Growums characters have sold products in national chains and are aggressively marketing its gardening kits to schools across the nation as a fundraising program, in addition to pursuing strategic alliances with well-known organizations. To learn more about Preferred Commerce and its product line, visit www.growums.com, reach Growums on Facebook at https://www.facebook.com/growums and view its YouTube videos at www.youtube.com/growums.

About Preferred Commerce: Preferred Commerce, a Nevada corporation formed in 1999, commenced as a developer of Business-to-business educational tools for the lawn and garden industry. Having experience substantial growth in health and gardening education, the Company has evolved into one with a global mission to combat childhood obesity. The Company’s flagship educational product, Growums®, has become a fun and interactive educational experience that continues to empower children by showing them how healthy, fun and easy it is to discover nutritious foods that they can grow and enjoy at home. Growums is dedicated to teaching the vital importance of fresh natural food, proper nutrition and the benefits of leading a healthy lifestyle. 

Safe Harbor Act: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: When used in this release, the words "may," "will," "expect," "anticipate," "continue," "estimate," 'project," "intend," "believe," and similar expressions, variations or the negative of these words, and any statement regarding possible or assumed future results of operations of our business, the markets for our products, anticipated expenditures, regulatory developments or competition, or other statements regarding matters that are not historical facts, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. The reader should be aware that our actual results could differ materially from those contained in forward-looking statements. Our financial condition and the results of our operations will depend on a number of factors, including, but not limited to, the following: our ability to realize the expected benefits from the share exchange transaction; our ability to successfully identify, consummate and integrate acquisitions; our ability to implement our marketing and growth strategy; our ability to retain key customers; our ability to compete successfully with our competitors; general global economic and political conditions resulting from threats or acts of war or terrorism and responses thereto; access to capital; our ability to secure additional financing; establishing controls with regard to and maintaining the integrity of technology and information systems; and, reliance upon executive officers and key personnel. Important factors that could cause the statements made in this press release or the actual results of our operations or financial condition to differ may be discussed in our filings on the OTC News and Disclosure Service. There may be other factors not mentioned above or included in our filings on the OTC News and Disclosure Service that may cause actual results to differ materially from any forward-looking statement. The reader should not place undue reliance on any forward-looking statement. Except as required by law, Preferred Commerce expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with respect thereto or any new information, future developments, or change in events, conditions or circumstances on which any statement is based.

 

For More Information Contact:

Preferred Commerce, Inc.

Michael A Ferraro,

CEO

561-752-2250 x 2007

mike@growums.com

 

 

SOURCE: Preferred Commerce, Inc.

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