Aquagen to Buy Quantum Labs
Published: Wednesday, December 24, 2003
Aquagen International Inc. (OTC BB: AQGI) intends to buy Quantum Laboratories, a division of privately held Global Bioenergetics Technology Inc. Aquagen plans to use Quantum's technology to develop oxygenated waters. In a Dec. 11 announcement AQGI did not specify the intended purchase price.
"Our parent company Global Bioenergetics Technology established Quantum Laboratories as a think tank for research and product development," states Charles Zaloumis, Global CEO, in the announcement. "We initially desired to develop and manufacture supplements and nutraceutical products whose primary ingredient was purified and micro-structured water. We have also developed associations with traditional and complementary health care providers and scientists and we are building medical and healthcare facilities and programs and establishing physician networks wherever we go."
Aquagen makes products including liquid stabilized oxygen supplements and oxygen-enhanced energy drinks.