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APPI Enters Into Letter Of Intent With WellQuest

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By: Sean Moloughney

Editor, Nutraceuticals World

Advanced Plant Pharmaceuticals, Inc. (APPI), New York, NY, has signed a letter of intent (LOI) with California-based WellQuest International to form a new company. APPI intends to make the new company publicly traded to sell APPI’s proprietary cholesterol product, Lo-Chol. According to the terms of the LOI, the new public company, Healthy Cholesterol Inc. (HCI), was incorporated to market and own APPI’s proprietary cholesterol-lowering supplement, Lo-Chol. APPI will own 70% of HCI and will receive a royalty per bottle sold from HCI. WellQuest will provide the marketing expertise and expenditures.

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