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Stocktamer
Posted On: 03/02/2012 9:37:16 AM
Post# of 1842
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Posted By: Roger Wilco

CHRI & HBRM News!

Heborium Group Update on the Signed Letter of Intent With China Health Resources Inc

Herborium Group, Inc. (HBRM.PK) www.herborium.com is pleased to announce that the process of Phase 1 due diligence for the sale of up to 100% interest to China Health Resources Inc (OTCBB:CHRI) is underway. "We are very excited to advise that the process has begun and is moving along smoothly," stated Dr. Agnes P. Olszewski CEO of Herborium Group

"As we have stated in our Press Release of 02/24/2012 regarding a signed Letter of Intent with China Health Resource Inc., both parties have commenced a due diligence process by now. This process will continue for a duration needed for its completion by both parties. When this process is completed and the actual transaction takes place, the transaction will be promptly announced. While both parties are truly excited about the opportunity they are also committed to meet their fiduciary responsibilities so the due diligence process is and will be conducted in a most responsible and professional manner. We are most optimistic of a smooth transaction and final agreement," concluded Dr. Olszewski.


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