SANTA MONICA, Calif., May 23, 2006 (PRIMEZONE) -- RUDY 45 (Pink Sheets:RDYF) announces that it has entered into a new LOI effective April 30, 2006, to acquire EDI Marketing (EDIM), a wholly owned subsidiary of Early Detect Incorporated (EDI). EDIM will receive an assignment from EDI of all sales and marketing contracts with respect to EDI's integrated line of in-home self-testing healthcare diagnostic products. These contracts are estimated to result in revenues of $35-$40 million dollars.
About EDI Marketing
Headquartered in Costa Mesa, California, Early Detect Incorporated employs 26 people in 4 different locations in Southern California, Phoenix, and Dallas. EDI Marketing distributes their products to some of the most nationally known companies in the U.S. They distribute nationally to CVS Corp (NYSE:CVS) and regionally to Costco Wholesale Corporation (Nasdaq:COST). In addition, they also sell to major chains in Canada. EDI holds all patents on most of their products and either manufactures them directly or uses independent labs.
About Rudy 45
As an investment company that has elected to be treated as a 'Business Development Company' (BDC) under the Investment Company Act of 1940, Rudy 45 is looking to invest in companies that are cash flow positive or likely to become cash flow positive in the foreseeable future based on sound economic fundamentals. These entities will have the prospect for expansion as a result of access to capital and/or additional management acumen. As part of this strategic process, the Company is looking for investment opportunities in all consumer product categories and/or services that have the potential for a positive return on investment, both in terms of current income and capital appreciation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.