Health Sciences Group Buys Swiss Research

LOS ANGELES—Nutritional products developer Health Sciences Group (OTCBB:HESG) agreed to acquire the assets and operations of diet and wellness product marketer Swiss Research Inc., based here.

Inked in December 2004, the acquisition adds distribution and products to the Woodland Hills, Calif.-based HESG.

“This acquisition not only expands our direct-to-consumer distribution channels by providing us with immediate access to over 3,000 national retail locations, but it also brings us a suite of unique and innovative products, which complements our current portfolio of patented and patent-pending products,” said Fred Tannous, co-chairman and chief executive officer of HESG. “We look forward to leveraging the distinctive Swiss Research and Swiss Diet brand names, along with the established marketing and distribution infrastructure, to create consumer awareness for our proprietary products and technologies as we endeavor to achieve significant sales next year.”