ETST Announces the Execution of a Binding LOI to Acquire 100% of the Assets of a Canadian Biotech Company

6/20/16

Boca Raton, June 20, 2016 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTCQB: ETST), a publicly traded biotechnology company that develops, produces and sells nutraceutical products among which is its leading High Grade Hemp CBD (Cannabidiol) Oil which most recently launched a Clinical Study with 9/11 First Responders, announces ETST has executed a binding letter of intent to acquire all the assets of BEO ITS, Inc., a company engaged in the development of medical devices, tests and vaccines for STIs (Sexually Transmitted Infections and/or Diseases). Based on the final definitive asset purchase agreement, ETST has formed a new wholly owned subsidiary, Earth Science Pharmaceutical, Inc., domiciled in the state of Florida. In addition, Dr. Michel Aubé, the CEO and principal owner of BEO ITS, Inc. will be elected effective today as the CEO of Earth Science Pharmaceutical, Inc., a wholly owned subsidiary of ETST.

Nickolas Tabraue, COO of Earth Science Tech, Inc. stated, “This letter of intent for the asset purchase acquisition of BEO ITS, Inc. will help diversify the company's business into new markets including the medical, medical device and pharmaceutical industry. I am excited to be working with Dr. Michele Aubé, a renowned scientist, who is committed to help grow Earth Science Tech, Inc. in the medical and pharmaceutical industry."

Dr. Michel Aubé has wide-ranging expertise in the life sciences. As a microbiologist he furthered his graduate studies at Laval University, earning a Master’s degree in Cell Biology and Molecular Physiology as well as a PhD in Physiology-Endocrinology. In addition, he created and taught three postdoctoral courses in Immunology. His scientific research in Sexually Transmitted Infections (STIs), Cancer and Stem Cell biology has been published in several prestigious medical journals. Dr. Aubé has received a number of Awards for Excellence from the Network for environmental health research and childhood diseases.

Dr. Michel Aubé commented, “I am honored to be named the new CEO of Earth Science Pharmaceutical, Inc., the wholly owned subsidiary of Earth Science Tech, Inc., and I personally look forward to helping the company become a world leader in the development of low cost, non-invasive diagnostic tools, medical devices, and vaccines.”

BEO ITS Inc. (www.beoits.com), a Canadian biotechnology company headquartered in Quebec, is engaged in the development of medical devices, testing processes, and vaccines for STIs (Sexually Transmitted Infections and/or Diseases). At the closing (anticipated in the next 60 days), Earth Science Tech, Inc. will purchase “all of the assets” associated with the BEO ITS Inc., including any and all patents, patents pending, inventions, know-how, contracts, relationships, agreements, trade secrets and all intellectual property related to any medical devices, tests, vaccines and specifically medical devices used for the detection of Chlamydia, STI’s and/or diseases.


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About Earth Science Tech, Inc.

About Earth Science Tech, Inc. (ETST): Earth Science Tech (www.earthsciencetech.com), a publicly traded company under the symbol OTCQB: ETST, is a unique Science based Biotechnology company focused on cutting edge Nutraceuticals, Bioceuticals, Phytoceuticals and Cosmeceuticals for the Health, Wellness and Alternative Medicine Markets to help improve the quality of life for Consumers Worldwide. ETST is dedicated to providing Natural Alternatives to prescription medications through the use of its cutting edge Nutritional and Dietary Supplements as well as its ETST High Grade Hemp CBD (Cannabidiol) Oil/Products (aka Phytocannabinoid-CBD (Cannabidiol) Rich Hemp Oil). ETST is focused on the science, research and studies of its High Grade Hemp CBD Oil as a nutraceutical and dietary supplement. To view, please visit www.earthsciencetech.com/scientific-research. ETST has filed an International Application (PCT) for its Provisional Patent named “Cannabidiol Compositions Including Mixtures and Uses Thereof” on October 8th, 2015 in regards to its Hemp CBD (Cannabidiol) aka High Grade Hemp CBD Oil. You can view, search and purchase small quantities or bottles of ETST High Grade CBD Rich Hemp Oil/Products at www.earthsciencetech.com.

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