Senior Care Signs Equity Agreement For Periodic Sale of Common Stock

LAGUNA BEACH, CA-Senior Care Industries Inc.recently signed an investment agreement to sell up to$20 million of common stock, over a two-year period, under a private equity line arrangement.

“This equity line provides Senior Care with theability to issue common stock to the investorperiodically based on certain market conditions,” says John Cruickshank, SVP at Senior Care. “This equity line should provide the company with the working capital necessary to aggressively pursue future acquisitions that fit into the Senior Care family of companies and grow the company’s revenues.”

In all, Senior Care has three divisions dedicated to supporting all aspects of the senior marketplace. The housing division specializes in the development, construction and management of age-restricted senior housing, assisted living communities and commercial properties. The manufacturing division includes Noble Furniture, and the pharmaceutical division will soon include web-based health products distributors who will manufacture and sell Senior Care’s pharmaceutical products through an e-commerce pharmacy.