Fortune Oil & Gas announces major change in business direction with the acquisition of Manzo Pharmaceuticals
PR Newswire
MILFORD, Pa., June 11, 2014
MILFORD, Pa. , June 11, 2014 /PRNewswire/ -- Fortune Oil & Gas, Inc. (OTCPink: FOGC), today announced that the company has acquired Manzo Pharmaceuticals, LLC., a private firm aiming to become a major force in the pharmaceutical industry. As part of the acquisition, Manzo Pharmaceutical's founder and President, Kenneth Manzo has been appointed CEO and Chairman of Fortune Oil & Gas, Inc.
Manzo Pharmaceuticals, LLC is a specialty pharmaceutical company that is currently developing a range of innovative and affordable formulations for various drugs and supplements with innovative, patient-friendly and affordable solutions. The company is currently engaged in research and development of a patented, groundbreaking remedy that will remove the symptoms of lactose intolerance for months at a time. The company also has a host of other remedies. Some of these products are currently in development, and others are being prepared for release to the public. Of particular interest to many, is a safe and natural solution for babies with colic, gas, and stomach discomfort that will likely be available online by the end of the month.
The company's new CEO, Kenneth Manzo , is a licensed Pharmacist with 25 years of experience in the pharmaceutical industry. With his vast knowledge of prescription drugs, over the counter medications, and natural remedies, he founded Manzo Pharmaceuticals for the purpose of testing and development of his patented processes as well as the creation of many other unique remedies. Manzo wants shareholders to know that he plans to be as transparent as possible while protecting the intellectual property the company now owns. He also wants shareholders to know he will go to great lengths to avoid unnecessary dilution, and despite a sizable number of shares outstanding, he vows not to do a reverse split or other damaging corporate action.
The company will likely file for a name change in the near future, with the goal of building the Manzo brand and advancing the development and clinical trials of the patented solutions, while releasing several consumer-ready products for sale online, and in retail stores. By targeting illnesses and conditions that effect a large percentage of the population, with unique, patented and effective remedies, Manzo Pharmaceuticals plans to be a driving force in the pharmaceutical industry.
About Fortune Oil & Gas, Inc.
Fortune Oil & Gas, Inc. owns and operates Manzo Pharmaceuticals, a specialty pharmaceutical company engaged in the research, development, and testing of patented and non-patented solutions and remedies. Most notably is a patented solution for lactose intolerance, and a natural remedy for colic in babies. For more information follow the company on twitter at @manzopharma, and visit www.manzopharma.com .
DISCLAIMER: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
SOURCE Fortune Oil & Gas, Inc.
