CALGARY, Alberta - April 10, 2002 - Runcorp Inc. (OTCBB: - RUNN) today announced that it has reached an agreement in principal to acquire Hyperbaric Oxygenation Corporation (HOC). The Agreement, subject to the approval of the shareholders of Hyperbaric Oxygenation Corp., calls for the issuance of 12,500,000 common shares of Runcorp.
HOC is a leader in "science-based, natural medicine" and has through its operating subsidiary, HOC Health System has four clinics serving Seattle, Washington and Vancouver, Victoria, and Keloima, BC. The HOC centers are staffed with thoroughly trained health care practitioners who are knowledgeable in both natural and conventional medicine, as well as in HOC's advanced treatment protocols. Another HOC subsidiary has developed a branded group of natural medical products that are marketed through Health on Call. (www.hochealth.com)
Runcorp, Inc. is a Calgary, Alberta based, publicly traded company currently in the process of acquiring the necessary management resources, marketing rights and properties required to establish itself as a supplier of healthcare systems and supply distribution for the healthcare industry. The company is also involved in the development of asset and inventory tracking systems for medical and automotive applications, to be marketed under the "MedicEye" and "AutoEye" brands.Please visit the Company's website at www.runcorp.com for further information regarding "Autoeye" and "MedicEye".
In conjunction with the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectation. Further information on potential factors that could affect Runcorp, Inc. is included in the Company’s filings with the Securities and Exchange Commission.
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