IRVINE, Calif.--(BUSINESS WIRE)--Discount Dental Materials, Inc. (OTC Markets: DDOO) (“Discount Dental” or “the Company”) is pleased to announce the acquisition of Cerebain Biotech Corp. (“Cerebain”) through a reverse merger. As a result of the transaction, Cerebain is a wholly-owned subsidiary of the Company.
Discount Dental’s new President, Gerald DeCiccio, stated, “Discount Dental’s acquisition of Cerebain is a significant step towards increasing our company’s visibility and providing liquidity for our shareholders. We believe this move will also provide the Company with additional financing options to fund current and future product development for the treatment of Alzheimer’s disease.”
As a result of the acquisition that closed February 9, 2012, Discount Dental has new management and the Company is now a holding company with all operations conducted through Cerebain, which operations will consist of attempting to discover products for the treatment of Alzheimer’s disease, primarily through researching, developing, and testing medical treatments utilizing Omentum.
About Discount Dental Materials, Inc.
Discount Dental Materials, Inc. was incorporated in Nevada on December 17, 2007. The Company’s business will revolve around the discovery of products for the treatment of Alzheimer’s disease utilizing Omentum. The Company’s approach will consider both a medical device solution as well as a synthetic drug solution. The Company’s operations will be conducted through its wholly-owned subsidiary, Cerebain Biotech Corp. For more information about Discount Dental and Cerebain Biotech, please visit the Company’s website at www.cerebain.com and www.otcmarkets.com, under the ticker symbol “DDOO”, to view the Company’s public filings and stock quote.
Forward Looking Statements
This news release contains certain "forward- looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict" "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's reports filed with OTC Markets. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
Discount Dental Materials, Inc.
Mr. Gerald DeCiccio, President