LAS VEGAS--(Business Wire)--
Metabolic Research, Inc. (OTCBB: MTBR - News) today announced its
intention to "spin out" its wholly owned subsidiary, IDZIN, Inc., as
an independent company trading under its own symbol, on the OTCBB. It
is planned for the transition to occur on or before October 18, 2008.
IDZIN, Inc. (pronounced "I design") is the graphic art, printing,
software, and internet development unit of Metabolic Research, Inc.
IDZIN's proprietary software facilitates user friendly internet
transactions and a real-time management information system.
Dr. David Summers, President of MTBR, said, "This move is designed
to maximize our shareholder value and allow the parent and child to
each expand their options for growth financing. IDZIN will continue to
be a central element of our marketing, graphics, and internet
activities."
The Company will retain counsel to guide and facilitate the
requisite regulatory processes. At the separation, the shareholders of
record are to receive an equal amount of shares in the new trading
entity.
For more information about Metabolic Research, Inc., see
www.metabolicresearchinc.com. For more information about Metabolic's
products, see www.stemulite.com.
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. In
addition to statements which explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled with
the terms "believes," "belief," "expects," "intends," "anticipates,"
"will," or "plans" to be uncertain and forward looking. The
forward-looking statements contained herein are also subject generally
to other risks and uncertainties that are described from time to time
in the company's reports and registration statements filed with the
Securities and Exchange Commission.
Princeton Research, Inc., Las Vegas
Mike King, 702-650-3000
mike@princetonresearch.com
Copyright Business Wire 2008
