Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
YTB International Announces Merger Agreement in Principle

YTB International Inc, a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the US, Bermuda, The Bahamas and Canada, announced last weekend that it has reached an agreement in principle to merge with LTS Nutraceuticals Inc. 

Source:
Date:
Updated:
Marketwatch
Wednesday, March 14, 2012
Wednesday, March 14, 2012

WOOD RIVER, IL, Mar 12, 2012 (MARKETWIRE via COMTEX) — YTB International, Inc. (pinksheets:YTBLA) (“YTB” or the “Company”), a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, announced on Saturday, March 10, 2012, that the Company has reached an agreement in principle to merge with LTS Nutraceuticals, Inc. (which shall be renamed LTS International, Inc. upon consummation of the merger) (“LTS”).


The parties intend for YTB to be the survivor in a merger with a wholly-owned subsidiary of LTS. YTB will continue to operate as a standalone company focusing on the sale of travel businesses as it has done for over 10 years.

LTS focuses on “people helping people” by developing breakthrough nutritional products that promote positive change and lifelong transformation. LTS markets its products through multiple channels; including retail, direct sales (direct to consumer via TV, radio, Web and mail) and a new and improved form of person-to-person selling, commonly known as network or multi-level marketing.

The proposed merger would result in substantial cost savings and efficiencies allowing the Company to continue its plan for growth and global expansion. LTS has been approved to operate in Hong Kong, Singapore, and Taiwan and will be a great resource as YTB seeks to expand its business into Asia.

Consummation of the transaction is subject to customary conditions and approvals, including ratification of the Board of Directors for YTB and LTS, shareholder approval of the Company and applicable regulatory approvals.

This is an excerpt from Marketwatch as it appeared on March 14, 2012. For updates or to read the current version of this post in its entirety, please click here.

Continue reading this post >

Family Island to get upgrades to seaport dock facilities worth around $140,000.

Documentary records the work of a team of scientists examining the coral reefs of The Bahamas. The research was part of project organized by the Living Oceans Foundation. Pictured: Minister of the Environment Earl Deveaux addresses the audience. (BIS photo/Gena Gibbs)

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD