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BARRINGTON, Ill., July 28, 2014 /PRNewswire/ -- Capsalus Corp (OTC: WELLD) (the "Company") announces change in name to foru Holdings, Inc. with immediate effect. As part of the change, the Company will be quoted as "FORU" on the over-the-counter markets. The Company's website has been changed to www.foruholdings.com.
According to Steven M. Grubner, President of foru Holdings, Inc., the change in name more accurately reflects the Company's focus and direction. "foru International has made significant progress over the past 18 months, introducing thousands of consumers to their leading health and wellness products." Added Mr. Grubner, "Rebranding ourselves better aligns our focus with our core mission and our largest public facing brand." (www.foru.com).
The Financial Industry Regulatory Authority ("FINRA") also approved the implementation of a 1-for-165 reverse split of the Company's common stock in connection with a restructuring of the Company to put it in a better position to raise capital and move forward.
About foru Holdings, Inc. (OTC: WELLD)
foru Holdings, Inc. (www.foruholdings.com) partners with and acquires visionary enterprises in the health and wellness space producing progressive, broad-based solutions for better physical, nutritional and emotional health worldwide. foru Holdings, Inc. works with companies in varying stages of development: from consumer products to media and technology and biotechnology. It provides operating infrastructure, strategic pathways and financial support to get companies to the mass market quickly and efficiently.
This news release may contain "Forward-looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended. All statements in this news release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this news release.
SOURCE foru Holdings, Inc.