Lifeline Nutraceuticals Receives $8 Million Letter of Intent for Additional Funding

From a Lifeline Nutraceuticals press release: DENVER, COLORADO, APR. 26, 2004. Lifeline Nutraceuticals, Inc. (Lifeline) announced today that is has received an eight million dollar ($8,000,000) Letter of Intent for funding from a prominent investment firm that provides capital and advisory services to small and mid-cap companies. The firm was specifically established to make direct investments in “companies with substantial growth potential in emerging market segments.” The firm’s analysts have evaluated Lifeline’s management team, business model and product candidates, and have committed to provide this level of financing through an institutional/retail Private Placement. The financing arrangement also includes stock warrants that, if exercised, raise the total amount of funding to twelve million dollars ($12,000,000).