EX-99.1
4
ex99-1.htm
AMIH
Subsidiary, Legend Nutrition, Inc., Executes Asset Purchase Agreement to Acquire Assets of Nutritional Supplement Retail Store
ADDISON,
TX, November 12, 2019 -
American International
Holdings Corp. (OTC: AMIH, or the "Company") is pleased to announce that its newly formed subsidiary, Legend Nutrition,
Inc. ("Legend") has entered into an asset purchase agreement (the "Asset Purchase Agreement") to acquire
all of the assets associated with and related to a retail vitamin, supplements and nutrition store located in Mckinney, TX currently
identified and doing business as "Ideal Nutrition".
Pursuant
to the Asset Purchase Agreement, Legend purchased a variety of assets including software, contracts, bank and merchant accounts,
products, inventory, computers, security systems and other intellectual properties (the "Assets") in exchange for
a promissory note in the amount of Seventy-Five Thousand US Dollars ($75,000) bearing an interest rate of five percent (5%) per
annum and with a maturity date of one year. Legend is continuing to operate the business as Ideal Nutrition and intends to officially
rebrand as Legend Nutrition in the upcoming months.
Concurrent
with the execution of the Asset Purchase Agreement, Legend entered into an Employment Agreement with Michael Ladner and has appointed
Mr. Ladner to serve as Legend's Chief Executive Officer.
"We
are extremely excited to have appointed Michael Ladner as the CEO of Legend Nutrition, Inc. and to establish our first branded
Legend Nutrition retail store by means of this asset purchase agreement", comments Jacob Cohen, the Company's President
and CEO. "Michael has a proven track record of working in the retail nutritional supplement industry where he was instrumental
in the management, success and profitability of multiple unit supplement stores located across and throughout the United States",
further comments Mr. Cohen.
About
Michael Ladner
Mr.
Ladner started his career as a professional athlete as a two-time International Powerlifting Federation (IPF) power lifter and
football player after his graduation from University of North Texas. His experience as an athlete transcended him to a knowledge
of the health, wellness, and nutritional industry where he strived and succeeded for over 10 years. Starting from the very bottom
as a retail salesman for a local family owned store, Mr. Ladner quickly worked his way up to become the regional director of a
large corporate supplement company where he oversaw the growth and development of over 35 retail stores with more than 200 employees.
Michael brings to Legend his unique management, sales, training and operational experiences with a vision to establish additional
Legend Nutrition stores across the United States and developing a proprietary, branded nutritional supplement line.
About
The Company
American
International Holdings Corp (OTC:AMIH) is a diversified holding company dedicated to acquiring, managing and operating health,
wellness, beauty, and lifestyle companies, businesses and/or brands located both in the United States and abroad. The Company
seeks opportunities to acquire and grow businesses that possess strong brand values and that can generate long-term sustainable
free cash flow and attractive returns in order to maximize value for the Company and its stakeholders.
Legal
Disclaimer
This
press release may contain forward-looking statements including words such as "may", "can", "could,"
"should", "predict", "aim", "potential", "continue", "opportunity,"
"intend", "goal", "estimate", "expect", "expectations", "project,"
"projections", "plans", "anticipates", "believe", "think", "confident,"
"scheduled", or similar expressions, as well as information about management's view of American International
Holding Corp's future expectations, plans and prospects. These statements involve known and unknown risks, uncertainties
and other factors which may cause the results of American International Holding Corp, its divisions and concepts to be materially
different than those expressed or implied in such statements. These risk factors and others are included from time to time in
documents American International Holding Corp files with the Securities and Exchange Commission, including, but not limited to,
its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on American
International Holding Corp's future results. American International Holding Corp cannot guarantee future results, levels
of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements.
Such forward-looking statements should not be relied upon as indicative of current value or as a guarantee of future results,
herein, and shall not be relied upon as a promise or representation.
Further,
the Company shall not be responsible for statements made on Novopelle's website at www.Novopelle.com.
In
this release, we may rely on and refer to information regarding our industry and the market for our products in general from market
research reports, analyst reports and other publicly available information. Although we believe that this information is reliable,
we cannot guarantee the accuracy and completeness of this information, and we have not independently verified any of it. Some
data is also based on our good faith estimates.
SOURCE:
American International Holdings Corp.
Contact
information at:
info@amihcorp.com

EX - 99 . 1 4 ex99 - 1 . htm AMIH Subsidiary , Legend Nutrition , Inc . , Executes Asset Purchase Agreement to Acquire Assets of Nutritional Supplement Retail Store ADDISON , TX , November 12 , 2019 - American International Holdings Corp . ( OTC : AMIH , or the " Company " ) is pleased to announce that its newly formed subsidiary , Legend Nutrition , Inc . ( " Legend " ) has entered into an asset purchase agreement ( the " Asset Purchase Agreement " ) to acquire all of the assets associated with and related to a retail vitamin , supplements and nutrition store located in Mckinney , TX currently identified and doing business as " Ideal Nutrition " . Pursuant to the Asset Purchase Agreement , Legend purchased a variety of assets including software , contracts , bank and merchant accounts , products , inventory , computers , security systems and other intellectual properties ( the " Assets " ) in exchange for a promissory note in the amount of Seventy - Five Thousand US Dollars ( $ 75,000 ) bearing an interest rate of five percent ( 5 % ) per annum and with a maturity date of one year . Legend is continuing to operate the business as Ideal Nutrition and intends to officially re brand as Legend Nutrition in the upcoming months . Concurrent with the execution of the Asset Purchase Agreement , Legend entered into an Employment Agreement with Michael Ladner and has appointed Mr . Ladner to serve as Legend 's Chief Executive Officer . " We are extremely excited to have appointed Michael Ladner as the CEO of Legend Nutrition , Inc . and to establish our first branded Legend Nutrition retail store by means of this asset purchase agreement " , comments Jacob Cohen , the Company 's President and CEO . " Michael has a proven track record of working in the retail nutritional supplement industry where he was instrumental in the management , success and profitability of multiple unit supplement stores located across and throughout the United States " , further comments Mr . Cohen . About Michael Ladner Mr . Ladner started his career as a professional athlete as a two - time International Powerlifting Federation ( IPF ) power lifter and football player after his graduation from University of North Texas . His experience as an athlete transcended him to a knowledge of the health , wellness , and nutritional industry where he strived and succeeded for over 10 years . Starting from the very bottom as a retail salesman for a local family owned store , Mr . Ladner quickly worked his way up to become the regional director of a large corporate supplement company where he oversaw the growth and development of over 35 retail stores with more than 200 employees . Michael brings to Legend his unique management , sales , training and operational experiences with a vision to establish additional Legend Nutrition stores across the United States and developing a proprietary , branded nutritional supplement line . About The Company American International Holdings Corp ( OTC : AMIH ) is a diversified holding company dedicated to acquiring , managing and operating health , wellness , beauty , and lifestyle companies , businesses and / or brands located both in the United States and abroad . The Company seeks opportunities to acquire and grow businesses that possess strong brand values and that can generate long - term sustainable free cash flow and attractive returns in order to maximize value for the Company and its stakeholders . Legal Disclaimer This press release may contain forward - looking statements including words such as " may " , " can " , " could , " " should " , " predict " , " aim " , " potential " , " continue " , " opportunity , " " intend " , " goal " , " estimate " , " expect " , " expectations " , " project , " " projections " , " plans " , " anticipates " , " believe " , " think " , " confident , " " scheduled " , or similar expressions , as well as information about management 's view of American International Holding Corp 's future expectations , plans and prospects . These statements involve known and unknown risks , uncertainties and other factors which may cause the results of American International Holding Corp , its divisions and concepts to be materially different than those expressed or implied in such statements . These risk factors and others are included from time to time in documents American International Holding Corp files with the Securities and Exchange Commission , including , but not limited to , its Form 10 - Ks , Form 10 - Qs and Form 8 - Ks . Other unknown or unpredictable factors also could have material adverse effects on American International Holding Corp 's future results . American International Holding Corp can not guarantee future results , levels of activity , performance or achievements . Accordingly , you should not place undue reliance on these forward - looking statements . Such forward - looking statements should not be relied upon as indicative of current value or as a guarantee of future results , herein , and shall not be relied upon as a promise or representation . Further , the Company shall not be responsible for statements made on Novopelle 's website at www.Novopelle.com . In this release , we may rely on and refer to information regarding our industry and the market for our products in general from market research reports , analyst reports and other publicly available information . Although we believe that this information is reliable , we can not guarantee the accuracy and completeness of this information , and we have not independently verified any of it . Some data is also based on our good faith estimates . SOURCE : American International Holdings Corp . Contact information at : info@amihcorp.com
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