Park City Utah/ACCESSWIRE/10 August 2020/Phoenix
Rising Companies (FKA Resort Savers, Inc OTCQB:RSSV) is
pleased to announce the forthcoming formation of a
specific-purpose subsidiary.
The Company is forming a Nevada corporation as a wholly
owned subsidiary for the purpose of acquiring, marketing
and selling infectious control products and supplies in the
US.
The subsidiary will be named PRX BIOMED.
DS Chang, CEO, said; “As we are contemplating
acquisitions of multiple infectious control manufacturing
and marketing companies, each having patents for
solutions, devices and unique methods of action, we want
to be ready to introduce their offerings in US markets as
soon as the acquisitions are completed and regulations
permit such sales.”
He went on further, “The recent appointment of Eric Fuller
to the Board of Directors and VP of US Sales was with a
view towards this development.”
In a release dated 13 May, 2020, the Company announced
having entered into a term sheet to acquire an Infection
Control and Disinfection Technology Company. The due
diligence process for this and other potential acquisitions
continues.
The acquisition candidates are already making sales in
Central Europe, South America, The Middle East and
China. The continuation and increase of these sales will be
expected in any completed deal and said sales would then
be a part of the Company.
Mr. Fuller has decades experience in many aspects of the
medical devices and products industry including sales,
presentation, regulatory approval, manufacturing, design,
and development.
According to Market Insight Reports in a July 2020 release
the worldwide market for Medical Disinfection and
Sterilization equipment will grow from 2.8 Billion USD in
2019 to 3.8 Billion by 2025.
For information on Phoenix Rising Companies visit
www.phoenix-cos.com
contact ir@phoenix-cos.com
CAUTIONARY STATEMENT
This press release contains forward-looking statements.
Known and unknown risks may cause actual future results
to vary widely. The statements are based upon
Management’s and Advisor’s current expectations,
estimates and projections; are not guarantees of future
performance and are subject to certain risks and
uncertainties and other factors, some of which are beyond
Management’s control and are difficult to predict. A reader
of this press release should not place undue reliance on
forward-looking statements. Investors should understand
investing in shares of RSSV involves a high degree of risk
and should seek competent investment advice prior to
purchasing shares.