ILIV .0012 Huge “LOI” news! Intelligent Living

ILIV .0012 Huge “LOI” news ! Intelligent Living Announces Its Letter of Intent to Purchase Nutritional Supplement Company Health and Beyond LLC Marketwire “Press Releases”
MIAMI, FL — (Marketwired) — 10/30/13 — Intelligent Living Inc. (OTCQB: ILIV) announced today that it had tendered a Letter of Intent (LOI) with the Health and Beyond LLC , a company based out of South Florida , to acquire their business, formularies and client base.

“When we looked at the marketplace and saw Health and Beyond LLC and Dr. Larry LeGunn , we knew that we had come across an undervalued gem. Dr. Larry LeGunn has been in practice for 35 years and has retired as of 2011. He has devoted all his efforts in perfecting unique nutraceuticals to help humanity. This partnership will allow us to quickly add some great products as well as an incredible brand to the Intelligent Living family, which we will take with us on our global journey,” said Victoria Rudman , CEO of Intelligent Living .

According to a new market report published by Transparency Market Research “Nutraceutical Product Market: Global Market Size, Segment and Country Analysis & Forecasts (2007-2017)”: The Global Nutraceutical Product market reached USD 142.1 billion in 2011 and is expected to reach USD 204.8 billion by 2017, growing at a Compounded Annual Growth Rate (CAGR) of 6.3% from 2012 to 2017.

Dr. Larry LeGunn (aka Dr. Larry) said: “I am very excited at the prospect of growing with Victoria and her team. We were able to build a nice small business but we know that Intelligent Living will help us to achieve the next level and give Health and Beyond the ability to grow and reach a wider audience.”

Nutraceuticals provide health benefits and help in the healing and prevention of diseases. The global nutraceutical product market is primarily categorized on the basis of functional food, functional beverages and dietary supplements. The global Nutraceutical market is growing majorly as a result of growth in the dietary supplement segment. North America has the highest market share for nutraceutical product markets, which is primarily supported by the U.S. health conscious consumers segment.

“We are going to look at building some very large ecommerce platforms and launch some great branding around Dr. Larry and the Health and Beyond LLC label which will bring ILIV into double digit growth . With innovative formulas such as SweetDreams™ and NeuroEase™ and a very robust marketing plan, we are on track to develop a healthy market share very quickly and establish the brand as a multi-million dollar category buster, ” Josh Eikov , CSOof Intelligent Living , said. http://finance.yahoo.com/news/intelligent-liv...00791.html