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OMID Acquires Champ Life Brand
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Alpha, N.J., April 20, 2021 /PRNewswire/ Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to announce its acquisition of a new health and wellness brand: Champ Life. The brand has been wholly-acquired without any net change to the issued and outstanding share structure of OMID. As part of the transaction, the Seller is expected to support various activities related to the launch and future growth of Champ Life, receiving 5% of net revenues from sales. Under certain circumstances, this royalty may be eliminated at the option of OMID management as part of a sale of the brand or following any calendar year wherein Champ Life achieves over $1,000,000 in net revenue.