Drug Free Solution said Monday that it has inked an agreement to receive a $3 million credit facility from Premier Venture Partners. As part of the transaction, Premier Venture Partners will buy up to $3 million of Drug Free Solution stock over three years. Based in East Hampton, NY, Drug Free Solution is a lifestyle firm focused on providing emotional wellness technology.
East Hampton, NY (PRWEB) July 14, 2014
Drug Free Solution, Inc. (“the Company”) (OTCQB: DSOL) — Drug Free Solution, Inc. (the “Company”) is pleased to announce an agreement with Premier Venture Partners, LLC, for a $3 million equity line of credit financing facility.
Pursuant to this Equity Purchase Agreement, Premier Venture Partners has committed to purchase up to $3,000,000 of the Company’s common stock over the course of 36 months. As part of the agreement, the Company is required to register the shares of common stock with the Securities and Exchange Commission (“SEC”). Details of the agreement will be found on the Company’s report being filed on Form 8-K with the Securities and Exchange Commission.
Genie O’Malley, CEO, stated, “This is an exciting way forward for us. The funds will help us to drive education, awareness and distribution of DSOL’s proprietary emotional wellness programs derived from the Living Breath Process, specifically our results-driven addiction recovery programs. This is the support that we have needed to move deeper into communities and our ability to provide community programs and solutions for addiction.”
The company has recently translated their website into Spanish, Portuguese, French and German, introduced three new products for opiate, heroin and methamphetamine addictions (their Take Action Paks), redesigned http://www.drugfreesolution.com, launched http://www.livingbreathproject.com, the community initiative of Drug Free Solution and also brought back their popular “Purchase a Program for Another” campaign.
There can be no assurance that the Company will be successful in in achieving their objectives.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
About Drug Free Solution, Inc.
Drug Free Solution, Inc is an innovative lifestyle company that focuses on delivering our unique and proprietary emotional wellness technology, the ‘Living Breath Process.’
Drug Free Solution is the proprietary services, education, and holding company of the Living Breath Process pioneered by the company’s founder, Genie O’Malley. The company’s pioneering product is it’s three-step process that combines self-analysis, breath, and language that has taken O’Malley 17 years to develop, test, and deliver in four key markets as products, education, and services that are today recognized as the Living Breath Series.
Through the Living Breath Process protocols, lifestyle enhancement products, training and education, the Living Breath Project aims to create Community Wellness Centers, Wellness Homes and Correctional Facility Support Networks and Centers that combine all offerings to help diminish rapidly growing addiction and incarceration rates throughout the United States.