Omnia Wellness Enters into a Share Exchange and Reorganization Agreement with Bed Therapies

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Martin Signer activities: Managing Director, IR, test, Testing, Testing, Participant, Partner, Media partner, Media partner, Event manager, Events, Tester, Event listing, Tester, IR, IR, Test, Managing Director, IR, IR, IR, IR Partner, Partner, Employer, IR, IR, IR, IR, IR, IR, IR, IR

Apr 22, 2020

Omnia Wellness, Inc. (OTC: OMWS) announced that it has entered into a Share Exchange and Reorganization Agreement with a Denver-based privately held company Bed Therapies, Inc. pursuant to the Exchange Agreement, Omnia Wellness will acquire 100% of the issued and outstanding shares of the capital stock of Bed Therapies, and the shareholders of Bed Therapies will exchange such shares for newly issued shares of Omnia Wellness.  As a result, the former shareholders of Bed Therapies would own approximately 90% of the post-transaction outstanding shares of Omnia Wellness. The closing of the transaction is expected to occur in the second quarter of 2020 and is subject to closing conditions set forth in the Exchange Agreement.

Omnia Wellness and Bed Therapies are seeking to consummate this transaction to position the combined company to better commercialize its proprietary brand and market disruptive massage technology “Solajet” (www.solajet.com), as a unique and innovative Dry-Hydrotherapy technology, which provides deep tissue suppression, therapeutic heat, and a flushing full-body “wave” stimulation, by combining 3 therapies in 1. Therapeutic treatments are designed to deliver similar patient benefits as it compares to an hour-long deep tissue massage in as little as 15 minutes at an affordable price.

In the near future, Omnia Wellness and Bed Therapies will be creating a national chain of “MassageWave® Relaxation and Therapeutic Centers”, with the first  MassageWave® centers expected to open in Q4 of 2020, and “BodyStop® Recovery Zones” which are expected to be made available at fitness clubs across the country.


Articles authored by Martin Signer

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