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health sciences group inc (HESG) Snapshot

Open
$0.0001
Previous Close
$0.0001
Day High
$0.0001
Day Low
$0.0001
52 Week High
03/10/14 - $0.0010
52 Week Low
12/31/14 - $0.0001
Market Cap
2.1M
Average Volume 10 Days
1.7M
EPS TTM
$-0.20
Shares Outstanding
20.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for HEALTH SCIENCES GROUP INC (HESG)

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health sciences group inc (HESG) Details

Health Sciences Group, Inc., through its subsidiaries, develops various products used in nutritional supplements and functional foods and beverages in the United States. It primarily offers Shugr, a zero-calorie sugar substitute that tastes and bakes like cane sugar; and Sequesterol Advance Cardio Formula, a proprietary blend of clinically studied ingredients for the maintenance of cardiovascular health and a free-flowing circulatory system. The company also offers Aplevia, an antioxidant derived from apple peels; and Edible Sponges, an open-cell hydrocolloid product. It sells its products primarily through mass market retailers, such as mass merchandisers, drug stores, supermarkets, and discount stores, as well as through healthcare professionals and practitioners, and other media. Health Sciences Group, Inc. was formerly known as iGoHealthy.com, Inc. and changed its name to Health Sciences Group, Inc. in 2001. The company was incorporated in 1996 and is based in Newport Beach, California.

2 Employees
Last Reported Date: 04/17/06
Founded in 1996

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health sciences group inc (HESG) Key Developments

Securities and Exchange Commission Announces Charges against Florida-Based Penny Stock Schemes

The Securities and Exchange Commission announced the latest charges in a joint law enforcement crackdown on penny stock schemes with ties to the Florida region. The SEC charged two microcap companies, their CEOs, and one penny stock promoter for spearheading illegal kickback schemes. The SEC also charged two other microcap companies, their CEOs, and four other promoters with arranging the payment of bribes to hype the companies in which they had a stake in order to create a false sense of market activity and illegally generate stock sales. The SEC has worked closely with the U.S. Attorneys Office for the Southern District of Florida and the Federal Bureau of Investigations Miami Division to uncover the penny stock schemes. Parallel criminal charges were announced against the same nine individuals facing SEC charges. The SEC has now charged 40 individuals and 24 companies in this series of penny stock investigations. The first actions were announced in October 2010. The SECs complaints filed in U.S. District Court for the Southern District of Florida charged the following penny stock companies and officers: Health Sciences Group (HESG) formerly based in Indian Harbour, Fla., and now based in Newport Beach, Calif. President and CEO Thomas Gaffney of Satellite Beach, Fla. Nationwide Pharmassist Corp. based in Boca Raton, Fla. CEO and Chairman Stephen F. Molinari of Boca Raton, Fla. Redfin Network (RFNN) based in Fort Lauderdale, Fla. President and CEO Jeffrey L. Schultz of Fort Lauderdale, Fla. VHGI Holdings (VHGI) based in Fort Worth, Texas. CEO Douglas P. Martin of Wellington, Fla. The SECs complaints charge the penny stock promoters: Mark Balbirer of Pompano Beach, Fla.; Jack Freedman of Fort Lauderdale, Fla.; Richard P. Greene of Davie, Fla.; Peter Santamaria of Coconut Creek, Fla.; Sheldon R. Simon of Palm Beach Gardens, Fla. According to the SECs complaints, one of the schemes (Health Sciences Group/Gaffney) involved an arrangement to pay an undisclosed kickback to a pension fund manager in exchange for the funds purchase of restricted shares of stock in the company. Two other schemes (Nationwide PharmAssist/Molinari and Balbirer) involved agreements to pay undisclosed kickbacks to hedge fund principals in return for their funds purchase of restricted shares.

Zenetek Completes Joint Venture Agreement With Health Sciences Group, Inc. to Fund Medical Marijuana Social Media/Mobile Apps Development

Anything Technologies Media Inc. announced that Zenetek has signed a joint venture/collaboration arrangement with Health Sciences Group to develop Social Media/Mobile Apps for the Medical Marijuana industry. These new specialized apps will enable prescribed patients much needed information to make a better decision on whether or not cannabis is an appropriate treatment option, and access to local resources. Together, both companies have set up a new offshore software development facility in Ho Chi Minh City, Vietnam, providing hardware/software leasing arrangements and deploying high level account executives and project managers to oversee the entire projects operation from start to finish. Concurrently, Health Sciences Group will provide marketing, finance, accounting and administrative support. Both companies plan an aggressive marketing campaign upon launch, and plan to be competitive with other healthcare-related major social media networks.

InternetArray, Inc. Collaborates with Health Sciences Group, Inc. to Fund Medical Marijuana Social Media/Mobile Apps Development

InternetArray, Inc. announced that it has entered into a joint venture/collaboration arrangement with Health Sciences Group, Inc. to develop Social Media/Mobile Apps for the Medical Marijuana industry. These new specialized apps will enable prescribed patients much needed information to make a better decision on whether or not cannabis is an appropriate treatment option, and access to local resources. Together, both companies have set up a new offshore software development facility in Ho Chi Minh City, Vietnam, providing hardware/software leasing arrangements and deploying high level account executives and project managers to oversee the entire projects operation from start to finish. Concurrently, InternetArray will provide marketing, finance, accounting and administrative support. Management believes mobile apps developers from Vietnam and China have been playing a dominant role in designing and developing some of the world's finest mobile applications. With many social media sites coming out on a regular basis, mobile apps programming will lend itself as a must-have and complementary tool to attract its visitors and retain logins and memberships.

 

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