Wellness Center USA completes acquisition of CNS-Wellness

SCHAUMBURG — Health care and nutraceutical company Wellness Center USA said it has completes its acquisition of its CNS-Wellness LLC in Tampa, Fla.

CNS is a cognitive neuroscience company specializing in the treatment of brain-based behavioral health disorders without the use of drugs. These disorders range from affective (emotional) and stress-related problems such as; anxiety, depression and bipolar disorder to developmental disabilities and conditions, including autistic spectrum disorders, as well as disregulatory conditions such as; AH/HD and epilepsy.

Wellness Center USA Inc. acquired CNS through a share exchange transaction, where all issued and outstanding shares of CNS were purchased in exchange for 7.3 million Wellness Center USA, Inc. shares. CNS’s former principals, Dr. William Lambos and Peter Hannouche, will serve as CNS’s President/Chief Scientific Officer and Chief Executive Officer, respectively, and have joined Wellness Center’s board of directors.

“The acquisition of CNS is the first example of Wellness Center USA’s commitment to bringing the best health care technologies to the patients who need them on a larger scale than previously possible. CNS breakthrough technology improves learning and behavioral abilities for children with ADHD and Autism, without the burden of drug dependency. We also have great expectations for a positive impact on the cost of treatment for the public and health care system, as CNS achieves awareness through national presence. With this valuable acquisition and further execution of our plan, we aim to increase the shareholders’ value of the company,” says Andrew Kandalepas, CEO of Wellness Center USA.