IMHL to vote in favour of Plan of Arrangement and Spin-Out at Special Annual General Meeting scheduled for June 11, 2015; IMHL to waive its right to receive securities in SpinCo effectively reducing SpinCo’s outstanding shares and strengthening shareholder’s equity

VANCOUVER, BC / ACCESSWIRE / APRIL 20, 2015 / GLOBAL COBALT CORP. (TSX Venture: GLOBAL COBALT, PINKSHEETS: GLBCF, 3P0.F) (“Global Cobalt“ and/or the “Company”) is pleased to announce that its largest shareholder, Imperial Mining Holding Limited (“IMHL”) has agreed to a lock up agreement with respect to the previously announced plan of arrangement (the “Transaction”) and spin-out of certain North American mineral exploration projects to a newly incorporated company (“SpinCo”). IMHL currently holds 27.8% of the issued share capital of Global Cobalt.

Global Cobalt and IMHL have entered into a binding agreement (the
Agreement”) in respect to terms of the proposed spin-out by Global Cobalt of its North American mineral exploration properties to a new company focused on M&A and project development in battery metals projects. As a condition of the terms, IMHL and its affiliates have agreed to waive their rights to receive common shares, warrants and/or options in SpinCo.

Erin Chutter commented:

“We are pleased that IMHL has agreed to endorse and vote in favour of the Plan of Arrangement. This support brings us one step closer to achieving our vision of creating a strong and viable global energy metals focused company for our shareholders, partners and investment community, while continuing to provide exposure to the Karakul and Satellite projects for shareholders.”

Highlights of the Agreement include:

• -Holders of Global Cobalt common shares on the effective date of the Transaction (the “Effective Date”), other than those held directly and indirectly by IMHL, will be entitled to received one SpinCo Share for each common share of Global Cobalt held on the Effective Date;

• -Holders of outstanding Global Cobalt options and warrants immediately prior to the Effective Date, other than those held directly or indirectly by IMHL, will be granted the right to receive a corresponding number of options and warrants to acquire SpinCo Shares on the same terms and conditions of the Global Cobalt options and warrants, save and except as otherwise agreed to by Global Cobalt and the holders thereof or as required by the TSX-V;

• -Global Cobalt’s Werner Lake property (the “Ontario Property”) and the Iron Creek property (the “Idaho Property”) and associated technical data will be transferred to SpinCo in consideration for common shares of SpinCo (each a “SpinCo Share”) having a market value equal to the aggregate value of the Ontario Property and the Idaho Property;

• -The Karakul and Altai Sister properties, located in Altai Republic, Russia (the “Russian Properties”) and all associated technical data will be retained by Global Cobalt;

• -Upon the approval of the Transaction, Global Cobalt shareholders will be asked to vote to allow for the conversion of the loan by IMHL to Global Cobalt dated July 8th, 2013 (the “IMHL Loan”) into common shares of Global Cobalt

• -Global Cobalt will assign and transfer to SpinCo, and SpinCo will accept, certain obligations and liabilities. Details of the obligations and liabilities will be outlined in the information circular that will be sent to shareholders; and

• -Global Cobalt will, as a condition of closing the Transaction, acquire a significant interest in a qualifying mineral property (the “Qualifying Property”) that meets the TSX-V initial listing requirements for a Tier II mining issuer and obtain a NI 43-101 compliant technical report thereon should Karakul not meet these requirements.

The strategic reorganization remains conditional on the approval of final documentation by the Board of Directors of Global Cobalt, approval of the strategic reorganization by the TSX Venture Exchange, approval of shareholders of Global Cobalt, and approval of the Supreme Court of British Columbia, among other things.

As previously announced, a shareholders’ meeting to consider and vote on the Plan of Arrangement amongst other matters will be held on June 11th, 2015. Additional details of the spin-out transaction will be included in an information circular to be mailed to shareholders of Global Cobalt in connection with the Company’s shareholders meeting referred to above.

Global Cobalt Corporation:

Global Cobalt Corporation is a publicly traded Canadian resource company that was founded in 2007 to take advantage of the global transformation that is occurring in the strategic metals sector of the mining industry. Through a combination of acquisitions and internally developed businesses, Global Cobalt exploits market opportunities as they emerge in various sectors of the energy metals sector with emphasis on those metals, such as cobalt, used in the rechargeable battery space.

For Further Information:

Mr. Mitchell Smith, Corporate Development
Suite 1501-128 West Pender Street
Vancouver, BC V6B 1R8
Tel: +1 (604) 688-4219
Fax: +1 (604) 688-4215
Email: info@globalcobaltcorp.com
www.GlobalCobaltCorp.com

TSX Venture: GLOBAL COBALT; PINKSHEETS: GLBCF; 3P0.F; CUSIP:37890F

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws, concerning the business, operations and financial performance and condition of the Company. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements contained in this news release include statements with respect to: expectations regarding shareholder approval of the Amendment; the delivery of a National Instrument 43-101 compliant technical report and mineral resource estimate for the Karakul cobalt project and the ability of the Company to raise the additional funds required for the continued development of its mineral properties. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from our expectations include uncertainty about the level of shareholder support for the Amendment and the share issuances contemplated thereunder; the need to obtain permits and governmental approvals; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases; fluctuations in metal prices and currency exchange rates; the impact of economic sanctions on companies conducting business in Russia; and other risk and uncertainties disclosed in reports and documents filed by the Company with applicable securities regulatory authorities from time to time. The forward-looking statements made in this news release reflect management’s beliefs, opinions and projections on the date the statements are made. Except as required by law, Global Cobalt assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Global Cobalt Corporation 

ReleaseID: 427980

VANCOUVER, BC / ACCESSWIRE / April 20, 2015 / Endurance Gold Corporation (TSX Venture: EDG, “Endurance”) is pleased to announce additional results from 2014 activities on its 4,960 acre Elephant Mountain Gold Property (the “Property”) in Alaska. The 2013 and 2014 summer programs on the Property have confirmed an intrusive-hosted target area of at least 1.8 by 0.6 kilometres in size encompassing two gold-arsenic soil and rock sample anomalies (the North and South Zone Targets) and an untested IP chargeability anomaly (the Central Zone Target) located between the two soil anomalies.

The Property is located near Eureka in the Rampart-Manley Hot Springs area of Alaska about 76 miles (123 kilometres) west of Fairbanks. The Property can be accessed by road and all-terrane vehicle trails from Eureka. The Property area was explored for gold by Placer Dome, Inc. (“PDI”) culminating in the drilling of ten holes in 1992.

In 2014, at the South Zone Target, an area of no significant outcrop, the Company completed an orientation survey of thirty-six (36) power-assisted auger soil samples at recovery depths of between 0.81 and 1.52 metres (“m”). These deep soil samples, with peak values up to 320 parts per billion (“ppb”) gold at 1.52 m (5 feet) depth, together with shallower soil samples collected in 2013, have confirmed a strong and continuous 600 m long soil anomaly which exceeds 100 ppb gold. The survey also confirmed that the South Zone soil anomaly has unconsolidated cover and that power-assisted augers are an ideal sampling methodology to determine soil anomaly targets closer to the bedrock interface. PDI identified a soil anomaly measuring about 1,000 m by 300 m, exceeding 20 ppb gold, in this same area which is now interpreted to have been offset from the bedrock source by downslope movement. South Zone Target surface grab rock sample values have returned the highest gold values on the Property which include 12.98 grams per tonne (“g/t”), 5.21 g/t, 4.44 g/t, 3.02 g/t, and 2.59 g/t gold associated with iron oxide stained and altered granitic rocks. In 1991, PDI also collected a grab sample from the South Zone Target that assayed 12 ounces per ton gold (411.4 g/t gold).

The North Zone Target is a gold-arsenic soil geochemical anomaly, within an area of some outcrop mapped as altered granite. The North Zone PDI soil anomaly is approximately 1,200 m by 500 m wide, with peak values of up to 1,540 ppb gold. PDI completed eight (8) drill holes on this North Zone Target. The best of the PDI drill holes returned an average grade of 0.015 ounce per ton gold (0.514 g/t gold) over an interval of 326 feet (99.4 m) and bottomed in mineralization. Below the oxidized zone, gold mineralization in the drill core is associated with arsenopyrite and native gold related to quartz veinlet stock-work, in silicified, fractured intrusive. The intrusive host is a large multi-phase Cretaceous-aged diorite to granite pluton that intrudes quartzite, siltstone and shale. Between 2012 and 2014 the Company collected seven grab samples within North Zone Target which returned gold values of between 1.01 g/t and 1.92 g/t gold.

The Central Zone Target, an area of no outcrop, is located between the North and the South Zones and is interpreted to be an area of altered granite. After PDI observed disseminated sulphides in core logging, they completed a gradient induced polarization (IP) resistivity and dipole-dipole IP geophysical survey on the Property. A chargeable anomaly with dimensions of about 1,500 m by 500 m was identified between the the North and South Zones. This geophysical target was never tested with diamond drilling, and remains unexplained.

Summary figures showing a compilation of recent results from the North, South and Central Zones are available on the Company’s website at www.endurancegold.com. The Company is currently planning a 2015 program of power auger soil sampling focused on the Central and South Zones to better define and prioritize drill targets.

The Elephant Mountain Gold Property, located within an active placer gold mining camp, is interpreted to be a reduced intrusion-related gold system (RIRG) similar to the Fort Knox Mine, Ryan Lode, and True North deposits located in the nearby Fairbanks Gold Mining district in Alaska, as well as the Brewery Creek and Dublin Gulch deposits in the Yukon. All of these RIRG deposits are related to late Cretaceous-aged intrusive events within the Tintina Gold Province of Alaska and the Yukon, and are associated with historic placer gold mining.

Under the terms of the option agreement with the private vendor, Endurance can earn 100% interest in the Property by completing a total of US$200,000 (US$114,000 incurred) in exploration expenditures, US$200,000 (US$45,000 paid) in cash payments and delivering 400,000 (100,000 shares issued) Endurance common shares by December 31, 2017. The option is subject to a 2% net smelter royalty (“NSR”), and Endurance can purchase half of the NSR at any time.

About Endurance

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. The Company’s exploration focus, for projects operated by Endurance, is intrusive-related mineral systems with potential for discovery of major new precious or rare metals deposits, and its business plan offers shareholders exposure to several majority-owned exploration projects with significant discovery potential such as the Elephant Mountain Gold Property in Alaska, the Rattlesnake Hills Gold Property in Wyoming, and the Bandito Rare Earth-Niobium Property in the Yukon. The company also owns 35.5% in the Pardo joint venture, a Precambrian-aged paleoplacer gold system. Please visit www.endurancegold.com.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT

Endurance Gold Corporation
(604) 682-2707
info@endurancegold.com
www.endurancegold.com

Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the information forming the basis for this release. The 1992 Placer Dome activity preceded the implementation of NI 43-101 and furthermore, the original data and reports, including the geophysical reports, have not been completely reviewed by the Company. Therefore the historic data summarized in this release should not be relied upon. Bedrock grab samples are selective by nature and are unlikely to represent average grades within the bedrock when drilled. All 2012, 2013, and 2014 rock and soil samples were analyzed at ALS Minerals using Au-ST43, Au-OG43, and ME-MS41.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Endurance Gold Corporation 

ReleaseID: 427979

ST. JOHN’S, NL / ACCESSWIRE / April 20, 2015 / Bluedrop Performance Learning Inc. (TSX Venture: BPL) (“Bluedrop“) is pleased to announce that Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) (“Grenville“) has increased the funding available to the Company from $1,000,000 to up to $1,650,000, available to be drawn down prior to December 31st, 2015. In exchange for the amounts advanced to Bluedrop, Grenville will receive a royalty based on Bluedrop’s gross revenues within Grenville’s targeted 1% – 4% royalty range, subject to certain adjustments.

“The Bluedrop team worked hard through 2014 to integrate their previous acquisitions, stream line the operations and their working capital structure. This is the type of team and company where we’re pleased to be able to provide a follow-on commitment,” said William (Bill) R. Tharp, CEO of Grenville.

About Bluedrop

Bluedrop Performance Learning (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. Launched in 2004, Bluedrop is transforming the workplace globally by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations. For more information, visit www.bluedrop.com.

About Grenville

Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can be complementary to other financing alternatives or be simple stand-alone capital. Capital can be used in a variety of ways: from working capital needs, to funding acquisitions, buying out minority partners, or just adding a financing alternative to the range of existing capital solutions. The application of Grenville’s royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model – Capital Simplified – that has already attracted a considerable number of opportunities with attractive potential returns. For more information, visit www.grenvillesrc.com.

This news release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the impact of the operational restructuring and future plans and objectives of Bluedrop, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the operational efficiencies associated with the integration of technological and financial systems and general economic and market conditions. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from Bluedrop’s expectations include general global economic conditions. For additional information with respect to risk factors applicable to Bluedrop, reference should be made to Bluedrop’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Bluedrop’s Annual Information Form dated January 28, 2015 For the Year Ended September 30, 2014 and Bluedrop’s Management’s Discussion and Analysis of Results of Operations and Financial Condition For the Year Ended September 30, 2014. The forward-looking information contained in this release is made as of the date of this release and Bluedrop does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Media contact:

Bernie Beckett
Chief Financial Officer
Bluedrop Performance Learning 
berniebeckett@bluedrop.com
709-739-4938

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BluedropApr202015.pdf

SOURCE: Bluedrop Performance Learning Inc.

ReleaseID: 427978

Agreement Marks Accelerated Adoption in Company’s Most Rapidly Emerging Market, the Educational Industry

MILWAUKEE, WI / ACCESSWIRE / April 20, 2015 / Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of in-room automation solutions has signed a $200,000 dormitory energy management and intelligent room automation agreement to deploy EcoSmart and EcoWave to a major university in North Carolina this summer. The installation underscores accelerated adoption in Telkonet’s most rapidly emerging market, the educational industry.

Chad Burow, Director of Sales and Marketing at Telkonet commented, “According to the EPA, energy consumption in campus residence halls is one of the fastest growing energy costs in universities and colleges throughout the United States. We are seeing more traction in the student housing market than ever, and this project is a prime example of that. We expect to see more projects like this in the near future.”

The EcoSmart platform, which serves hospitality, educational military, healthcare and other commercial markets, is integrated to optimize energy efficient, comfort, and data collection, in support of the emerging Internet of Things (IoT), the network of physical objects embedded with electronics, software, sensors and connectivity.

Telkonet’s Growing Educational Vertical

Telkonet’s fastest emerging market is the educational industry, which involves strategic relationships with enterprise ESCOs throughout the USA.

Our first agreement was with New York University (NYU) to remotely manage and track energy consumption. Approximately 4,100 rooms across 12 dormitories have been completed and have yielded run-time and energy consumption reductions, operational savings from reduced field labor expenses and extension of equipment lives. Since this time, we have grown our Educational deployments to include such customers as the University of California Davis, Northern Oklahoma College, the Massachusetts Institute of Technology, Kansas State University, North Carolina State University, University of Akron, University of Notre Dame, Fordham University, West Point Military Academy, Columbia University, University of Wisconsin-Oshkosh and others.

The opportunities in this market are not limited to higher education institutions. A report by EnergySTAR, a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy, showed that our nation’s 17,450 K-12 schools spend more than $6 billion on energy and that as much as 30% of a district’s total energy is used inefficiently or unnecessarily.

We believe that our EcoSmart Platform is an important tool for participants in the education industry seeking to control student-related energy costs. We have focused our sales efforts on members of the education industry who are seeking to expand their energy efficiency initiatives as well as the ESCOs who target the educational marketplace and have thus far had success with at least one school district installing EcoSmart in each classroom throughout the district.

Telkonet partners with ESCOs to include our EcoSmart energy management platform for deployment within residence halls on university campuses. The ESCOs bundle our technology with other facility improvement measures designed to reduce operating costs across the entire campus, some of these initiatives provide attractive returns on customer investments, such as EcoSmart for dormitories and lighting upgrades, while others such as roofs and windows have poor returns on investment but are needed infrastructure improvements. ESCOs bundle these facility improvements into a project that has acceptable returns and meets state mandated guidelines. The ESCOs then structure self-funding financial transactions called “Performance Contracts” in which the savings are greater than the repayment costs. The ESCOs will typically guarantee the financial and operational performance in this type of engagement. This approach removes many of the capital funding issues that stand in the way of implementing energy efficient technologies and shifts the technology and performance risk from the institution to the ESCOs.

ABOUT TELKONET

Telkonet is a leading provider of intelligent automation solutions throughout commercial markets worldwide. Telkonet’s EcoSmart Platform offers considerable energy cost reductions, staff productivity enhancements and carbon footprint reductions through intelligent networked communications, improved asset utilization and data analytics. IoT platforms like Telkonet’s EcoSmart enable users to achieve savings, value and service through networked connectivity providing monitoring, control, analytics, convenience and the ability to participate with the emerging Smart Grid through automated demand response initiatives. Telkonet serves vertical markets that have established the company as a leading networking, efficiency and energy management technology provider. Those markets consist of Hospitality, Education, Military, Government, Healthcare and Public Housing. Telkonet’s business divisions include EcoSmart(TM), a networked automation platform featuring Recovery Time(TM) technology offering cost savings, energy reductions, optimized asset utilization and improved comfort, and EthoStream(R), one of the largest hospitality High-Speed Internet Access networks in the world providing public Internet access to more than 8 million monthly users.

www.telkonet.com

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company’s ability to obtain new contracts and accurately estimate net revenue due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company’s financial results, can be found in the Company’s Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).

Media Contacts:

Telkonet Investor Relations
414.721.7988
ir@telkonet.com

SOURCE: Telkonet, Inc.

ReleaseID: 427913

VANCOUVER, BC / ACCESSWIRE / April 20, 2015 / CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group“) reports that one of its schools, Sprott Shaw College, opened a new state-of-the-art facility in Burnaby, B.C. on April 14, 2015. With this opening, the school now has 14 campuses located across the province of British Columbia.

According to the British Columbia Trade Outlook 2010-2020, there will be a labour shortage for the trades sector as a whole by 2016. By 2022, there are expected to be more than one million job openings in B.C., 44% of which will be in skilled trades and technical occupations. Hosting more than 10,000 square-feet of classroom space, a 1,800 square foot garage-style shop and a 3,000 square foot lab, this new campus will address some of B.C’s growing demand for trades. With the plan of making skilled trades programs accessible to many more students in the years to come, the new campus is expected to graduate more than 200 construction electrician apprentices and 50 students in 2015. The School of Trades currently provides training as part of the Industry Training Authority’s Red Seal Apprenticeship program. The new campus currently offers full construction electrician training, a five months construction electrician training course, and training for those whose qualifications have expired or are from other jurisdictions. In the near future, the school is also planning to offer training for pipefitters, steamfitters and carpenters at this location.

“Private career training schools are an important component of the post-secondary system and help ensure students gain the education, skills and experience…I want to wish Sprott Shaw every success with the opening of its trades school in Burnaby,” commented Minister of Advanced Education Andrew Wilkinson.

About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S on the OTCQX International, CIBT Group owns and operates a network of business, technical and language colleges in North America and Asia. CIBT Group offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 7,000 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and Global Education Alliance Recruitment Centers in China and other overseas countries. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance (“GEA”) and Global Education City Holdings Inc (“GEC”). GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding, development and management company with a special focus on student centric serviced apartments and hotels in Canada. Visit us online at www.cibt.net.

FORWARD LOOKING STATEMENTS:
Some statements in this news release contain forward-looking information (the “forward-looking statements“) about CIBT Group and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors (collectively, “Risks“) that could cause the company’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. With respect to the statement in this news release as to the expected number of job openings in B.C. by 2022 in the areas of skilled trades and technical occupations, the Risks include uncertainties as to the actual development of the B.C. economy. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT Group’s management at the time they are made, and CIBT Group does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.

Contact:
Toby Chu
Vice-Chairman, President & CEO
CIBT Education Group Inc.

Investor Relations Contact:
1-604-871-9909 extension 318
info@cibt.net

SOURCE: CIBT Education Group Inc.

ReleaseID: 427955

RIVERSIDE, CA / ACCESSWIRE / April 20, 2015 / Active Health Foods, Inc. (PINKSHEETS: AHFD) announces that major changes are on the horizon and in preparation for them, the maker of “Active X(TM)” 100% Organic Certified, 100% Natural, Kosher and Vegan Certified Energy Bars and “All Natural Flavors,” a sparkling, flavored, sugar free beverage, has promoted John Griffin as its new CEO. Griffin takes the reigns from previous CEO, E. Robert Gates, who recently resigned his post. Gates remains an active advisor to Active Health Foods, Inc.

While he is the new CEO, John Griffin is by no means new to Active Health Foods, Inc., its products or the proposed merger that will grow the company exponentially, boost its potential for profitability and expand its brand both within and beyond the health foods marketplace. Griffin has worked behind the scenes at Active Health Foods, Inc. for the past seven months as a consultant, orchestrating this proposed merger and new corporate direction.

“I have enjoyed working with Mr. Griffin over the past 7 months and his role in our proposed merger and I will continue to be working with him as an advisor in the future. I am pleased to find someone with the business and operational experience that Mr. Griffin brings to lead the next chapter in Active Health Foods, Inc. His energy and focus on operations in the companies that he has managed in the past will be a plus for the future of Active Health Foods, Inc. Mr. Griffin not only has the management and operational experience that we need for the future, he has experience in sourcing, manufacturing and distribution that will bode well for the products we presently have and hope to have in the future,” said Mr. Gates.

“We couldn’t be more excited about the company with which we plan to merge,” Griffin says of his immediate strategy for enhancing the Active Health Foods brand and profitability. “That company already has multiple revenue-producing operations that will immediately increase the Active Health Foods, Inc. bottom line and increase our shareholders’ value.”

Griffin expects to complete that proposed merger within 60 days and will announce specific details about it once the process is fully executed.

As for how that proposed merger will impact Active Health Foods, Inc.‘s business and marketing models, Griffin says first and foremost it will grow the company’s existing product and distribution. It will also lead the company more squarely into the Direct Selling marketing structure for current and future health and wellness products and for a virtual product it will acquire through the proposed merger process.

“Active Health Foods, Inc. already has synergistic relationships with the company with which we wish to merge,” Griffin explains. “This new direction will enable us to cut cost by streamlining resources we share with our proposed merger partner. It’s a winning strategy for our company, its employees and our shareholders,” Griffin says.

About John Griffin For over three decades Mr. Griffin has applied his management and operational experience to a variety of companies. His corporate savvy has built and strengthened companies of several genres including sourcing, manufacturing and distribution.

About Active Health Foods, Inc. Active Health Foods, Inc. (PINKSHEETS:AHFD) is an innovative producer of unique, amazing and delicious 100% Natural, 100% Organic, Kosher certified, healthy and nutritious alternatives to the fast food mentality of millions of families across America. Active Health Foods, Inc.’s brands include Active X(TM) Energy Bars, which are moist and flavorful nutritious snacks, utilizing 100% Organic and 100% Natural ingredients from a proprietary formula developed by and exclusively for Active Health Foods, Inc. and “All Natural Flavors,” a sparkling, favored, “Sugar Free” beverage in a multitude of flavors. Active X(TM) Energy Bars come in a variety of delicious flavors including: Almond Chocolate Delight, Peanut Butter Chocolate Joy, Cashew Berry Dream, Coconut Cocoa Passion and Double Chocolate Chip. “All Natural Flavors” is the only beverage available today that is sweetened 100% with Stevia. Active Health Foods, Inc.’s goal is to offer a safer and healthier alternative to the main stream sugar laden soda pops and the diet drinks laced with potentially cancer causing sweeteners like Aspartame and Nutra-Sweet. Currently, “All Natural Flavors” is the only beverage on the market anywhere using America’s most desired sweetener – STEVIA. “All Natural Flavors” is sold in a 24 pack 20 oz. straight flavor case in (7) very unique and exciting flavors: Peach, Cherry, Raspberry, Blackberry, Kiwi Strawberry, Mango, and Lemon Lime for the retail market.

To Learn More

To find out more about Active X(TM)Energy Bars, “All Natural Flavors” and the innovative company Active Health Foods, Inc. (OTCBB: AHFD), visit our web sites at www.activexbars.com or www.allnaturalbeverages.com.

Contacts:

John Griffin
info@activehealthfoods.net

FORWARD-LOOKING STATEMENTS This press release contains a number of forward-looking statements. Words, and variations of words such as “estimate,” “project,” “believe,” “anticipate,” “proposed,” “intend,” “continue,” “expect,” “plans,” “future,” “goals,” “predict,” “may,” “should,” “will,” “can,” and similar expressions are intended to identify our forward-looking statements, including but not limited to, our expectation for growth; benefits from brand-building; cost savings; growth and margins.

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to, continued volatility of, and sharp increase in, costs, pricing actions, increased competition, risks from operating internationally, continued consumer weakness, weakness in economic conditions and tax law changes.

Please also see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Active Health Foods, Inc. disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

SOURCE: Active Health Foods, Inc.

ReleaseID: 427918