Full Press Release Details
| EMBARGOED FOR USE BEFORE | Contact: |
| After 9am (Eastern) | Jack Ross, Chairman / CEO |
| August 19, 2015 | Synergy CHC Corp |
| Jack@synergychc.com | |
| 615-939-9004 |
CHC Corp Acquires Anti-Aging Business From Hand MD Corp
Maine, August 19, 2015 - Synergy CHC Corp (OTCQB: SNYR) a consumer health care company, today announced it has acquired
a 50% ownership stake in Hand MD Corp and has secured the global exclusive sales, marketing & distribution rights for all
channels for this innovative anti-aging hand care product line up contributed to Hand MD Corp. by Hand MD, LLC.
the terms of the agreement, Synergy will pay Hand MD Corp consideration of US$1,500,000 in Synergy CHC stock at $0.70 per share.
It will also pay minimum yearly royalty payments in year two of $250,000 and minimum yearly royalty payments of $500,000 in year
three. Minimum royalty payments to Hand MD Corp are due quarterly starting in year two.
are no further minimum commitments due on royalties other than year two and three. Royalty payments are calculated based on 5%
MD, LLC is thrilled to partner with Synergy," says co-founder Kara Harshbarger. "Thanks to advancements in anti-aging,
our face no longer reveals our true age but our hands do. Hand MD is clinically proven to rejuvenate aging hands and through our
collaboration with Synergy, we are bringing the ultimate hand solution to the forefront of the marketplace."
are pleased to add another unique offering to our portfolio; it is consistent with the company's strategy to grow by further
acquisition. We are deliberately seeking to generate shareholder value through the addition of products that help improve the
lives of customers while leveraging our existing distribution relationships. We will continue to be active on the acquisition
trail" said Jack Ross, President and CEO of Synergy.
MD is the world's first anti-aging skincare line formulated specifically for the hands. Hands reveal a woman's true
age and the rejuvenation of the hand has become women's #1 aging concern. Developed by Kara Harshbarger and renowned celebrity
dermatologist Dr. Alex Khadavi, Hand MD's extensive clinical trials show significant improvement in the appearance of fine
lines and wrinkles, skin hydration, hyper-pigmentation and radiance. HAND MD launched on QVC and sold out in an astonishing 5
minutes. www.hand-md.com
CHC Corp. is a Consumer Health Care Company that is in the process of building a portfolio of best-in-class consumer product brands.
Synergy's strategy is to grow its portfolio both organically and by further acquisition. www.synergychc.com
FOCUSfactor "Another Synergy Brand"
is sold at America's leading retailers such as Costco, Sam's Club, Wal-Mart, BJ's Walgreens and The Vitamin
Shoppe. FOCUSfactor, America's leading brain health supplement, is a nutritional supplement that includes a proprietary
blend of brain supporting vitamins, minerals, antioxidants and other nutrients. In December 2012, the United States Patent and
Trademark Office issued US Patent 8,329,227 covering FOCUSfactor's proprietary formulation "for enhanced mental function."
The issuance of the patent marked one of the few times a patent has been issued for a nationally branded nutritional supplement.
FOCUSfactor is clinically tested with results demonstrating improvements in focus, concentration and memory in healthy adults.
Neuragen "Another Synergy Brand"
is a topical product that works directly at the site of the pain as opposed to oral products. Neuragen reduces the spontaneous
firing of damaged peripheral nerves. By calming these firings at the source, Neuragen is clinically shown to reduce shooting
and burning pains quickly and without the side effects of orally taken medications. This is in part due to the small lipophilic
molecules found in Neuragen which rapidly carry the active ingredients through the rough outer layer of the skin to the site
of the pain. Neuragen is available over the counter in most local pharmacies either in the diabetic section or the analgesic
(pain) section. For more information, please visit www.neuragen.com.
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that
are subject to risks and uncertainties. All statements, other than statements of historical facts, regarding management's
expectations, beliefs, goals, plans or Synergy's prospects should be considered forward-looking. Readers are cautioned that
actual results may differ materially from projections or estimates due to a variety of important factors, including: Synergy's
ability to integrate the Hand MD product line into its current
operations; Synergy's dependence on third parties for its research and development, manufacturing and distribution functions;
Synergy's' dependence on its license relationships; the risks and uncertainties associated with Synergy's ability
to manage its limited cash resources; obtaining additional financing to support Synergy's operations; protecting the intellectual
property developed by or licensed to Synergy for Hand MD ; and
Synergy's ability to build its operations to support its business strategy and promote its products. These and other risks
are described in greater detail in Synergy's filings with the SEC, copies of which are available free of charge at the SEC's
website (www.sec.gov) or upon request from Synergy. Synergy may not actually achieve the goals or plans described in its
forward-looking statements, and investors should not place undue reliance on these statements. Synergy assumes no obligation and
does not intend to update these forward-looking statements, except as required by law.