AMIH Subsidiary, Legend Nutrition, Inc., Executes Letter of Intent to Acquire its 2nd Vitamin and Nutrition Supplement Retail Store in Plano, TX

ADDISON, TX, March 18, 2020 (GLOBE NEWSWIRE) -- American International Holdings Corp. (OTC: AMIH, or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (the “LOI”) to acquire all of the assets associated with and related to a retail vitamin, supplements and nutrition store currently identified and doing business as “Shredded Supplements” in Plano, Texas. Upon the closing of the transaction, which is subject to customary closing conditions and the mutual agreement of a definitive asset purchase agreement, the Company intends to immediately rebrand this location to act as its second Legend Nutrition branded supplement store in its portfolio.

“We are extremely pleased with the amazing response we have received and the traction we have made in such a short period of time with our current branding and sales strategy at our first Legend Nutrition in Mckinney, Texas,” commented Michael Ladner, CEO of the Company’s wholly-owned subsidiary, Legend Nutrition, Inc. “Our current business plan calls for the establishment of additional Legend Nutrition stores each year in order to continue to strengthen the Legend brand. We have been in the process of researching and identifying additional possible locations and we believe this new planned store in Plano, Texas to be the perfect location in which to establish our second Legend Nutrition store,” further commented Mr. Ladner.

About American International Holdings Corp.

American International Holdings Corp. is a diversified holding company dedicated to (a) acquiring, managing and operating health, wellness, beauty, and lifestyle companies, businesses and/or brands located both in the United States and abroad; and (b) general contracting and construction. The Company seeks opportunities to acquire and grow businesses that possess strong brand values and that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for the Company and its stakeholders.

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SOURCE: American International Holdings Corp.
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