OC Drinks adjustments title to “Revium Restoration, Inc.”, acquires new image and implements reverse inventory cut up
New York, Dec. 09, 2020 (GLOBE NEWSWIRE) — OC Drinks, Inc. (OTCPINK: OCBG) has, by means of its wholly owned subsidiary Revium Restoration, Ltd. (“Revium Ltd.”), acquired unique rights to develop and market an modern and distinctive anti-addiction remedy which implements measurement primarily based, integrative care which makes use of a holistic method and takes under consideration bodily, cognitive, and psychological parameters of the affected person.
Habit is a world scourge, affecting individuals of all cultures all over the world. In line with the United Nations Workplace on Medication and Crime, over 350 million individuals suffered from substance abuse in 2017. The worldwide substance abuse problems market is estimated at greater than USD $56 billion, which accounts for greater than 30% of the whole world behavioral rehabilitation market valued at USD $188.1 billion in 2015, in response to Grand View Analysis Knowledge’s report on Behavioral Rehabilitation Market printed in 2017.
Revium Restoration, Ltd., primarily based in Israel, is a clinical-caliber firm centered on the event of a disruptive, methodical and novel proprietary method towards dependancy remedy, enabled by way of a novel decision-making help and steerage system (DMSS). Its mission is to design and ship DMSSs for first-in-class integrative-care to particular person remedy packages to provide optimum outcomes in dependancy remedy. Revium’s flagship product is a novel, integrative-care program developed for rehabilitation suppliers, combining complete diagnostics and individualized packages for regulating addiction-related hormone ranges, applied to every affected person utilizing superior informatics instruments. The Firm’s modern method depends on “good”, patient-tailored use of a pure neurosteroid dehydroepiandrosterone (DHEA) in live performance with normal inpatient or outpatient dependancy remedy packages.
Revium Restoration, Ltd. entered into an settlement with Retorno, one of many Israel’s largest rehabilitation facilities, pursuant to which Revium was granted worldwide unique rights to develop and market Retorno’s complete dependancy rehabilitation program. This system makes use of DHEA as a part of a posh remedy method presently in use by Retorno. This novel remedy method has been reviewed by the Division for the Remedy of Substance Abuse inside Israel’s Ministry of Well being and has been really useful to be used as an add on augmenting remedy.
Concurrently, Revium Ltd. has additionally entered into an settlement with Bar Ilan College and the College of Haifa of Israel to help the Firm’s improvement and testing of the DMSS and testing its efficacy as well as remedy.
In reference to the acquisition of its new enterprise, the Firm closed on a non-public placement of items of its securities to accredited buyers with gross proceeds to the corporate of $1.61 million. The proceeds of the non-public placement shall be utilized to executing the mixed firm’s new marketing strategy which incorporates continued R&D funding, implementation of the regulatory plan, new initiatives in gross sales and advertising and marketing, in addition to strategic acquisitions.
Inna Martin, Revium Restoration, Ltd.’s CEO acknowledged: “Habit is an sickness that may strike anybody, wherever. With tens of hundreds of thousands of victims worldwide, everyone knows somebody scuffling with substance use dysfunction. We see the way it actually destroys their lives, and the lives of their households’ as nicely. Sadly, right now’s rehab packages don’t supply sufficient beds and supply restricted hope of restoration. The 1000’s of clinics worldwide are characterised by very lengthy years remedy methodology, inadequate long-term rehabilitation charges and excessive ranges of relapse. Revium Restoration was established to realize an actual breakthrough the dependancy neighborhood’s been ready for! We develop measurement-based, integrative remedy method which we imagine will considerably improve the first-ever method to take the entire affected person under consideration.”
Yoram Drucker, OCBG CEO acknowledged: “I am happy to achieve this level, the place we could supply an improve in the way in which dependancy is handled, giving higher probability of restoration to the sufferers and their households. We need to implement the brand new expertise, permitting rehabilitation facilities use the platform and probably improve the success price of their remedy”.
As a prelude to the brand new enterprise, the Firm modified its company title to “Revium Restoration, Inc.” and applied a reverse inventory cut up at a ratio of 1-for-500. Starting December 9, 2020, the corporate inventory is anticipated to commerce beneath the brand new image on post-split foundation.
“We imagine the title change and the change in our capital construction are important steps to attracting a broader vary of buyers,” mentioned Yoram Drucker, OCBG CEO.
Following the Personal Placement and the capital restructure, presently there shall be roughly 34 million shares of frequent inventory excellent.
New Buying and selling Image and CUSIP
Our frequent inventory is presently quoted on the OTC Markets Pink tier beneath the buying and selling image “OCBG.” Starting December 9, 2020, our frequent inventory shall be quoted on the OTC Markets Pink tier on a post-split adjusted foundation beneath the image “OCBGD” for 20 enterprise days, after which era the image will change to our new buying and selling image, RVRC.
The CUSIP variety of our frequent inventory will change to 76151C100.
This press launch incorporates forward-looking statements inside the which means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995 and different Federal securities legal guidelines. For instance, we’re utilizing forward-looking statements once we focus on Revium Restoration, Inc.’s (“Revium”) future operations and its potential to efficiently advance the anti-addiction rehabilitation program; the character, technique and focus of Revium’s enterprise; and the event and industrial potential and potential advantages of any of different associated service choices of Revium. Revium could not really obtain the plans, perform the intentions or meet the expectations or projections disclosed within the forward-looking statements and you shouldn’t place undue reliance on these forward-looking statements. As a result of such statements take care of future occasions and are primarily based on our present expectations, they’re topic to numerous dangers and uncertainties and precise outcomes, efficiency or achievements of those forward-looking statements might differ materially from these described in or implied by the statements on this press launch, together with: the uncertainties related to elevating enough capital and the requirement for vital extra capital to advance our new enterprise, which is probably not accessible on favorable phrases or in any respect; dangers associated to enterprise interruptions, together with however not restricted to, the outbreak of COVID-19 pandemic, which might critically hurt our monetary situation and improve prices and bills. The foregoing assessment of essential components that would trigger precise occasions to vary from expectations shouldn’t be construed as exhaustive and ought to be learn along side statements which can be included herein and elsewhere, together with the dangers mentioned in our public filings with the OTC Markets. Besides as in any other case required by legislation, Revium disclaims any intention or obligation to replace or revise any forward-looking statements, which converse solely as of the date hereof, whether or not, on account of new data, future occasions or circumstances or in any other case.