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The Greatest Wealth is Health - Virgil
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Atos Wellness Milestones
March 2008; Ananda Rajah appointed CEO and
executive director with a salary of $1.00 plus 5 million options
at 12, 18 and 24 cents providing company reaches $2 million
EBIDTA for year 30th June 2009
Jan 2008: Medec Ltd merges with Atos Wellness
Group out of Singapore and is renamed Atos Wellness Ltd Ananda
receives 97 million shares at 12 cents per share (Even though
shares are trading below 6 cents) as consideration for the sales
of Atos Wellness Group into Medec. Ananda guarantees
S$2.5million EBIDTA profit per year for the next 3 years or his
consideration of shares in escrow would be proportionately
reduced.
July 2006: Medec Ltd acquires 51% of Body
Contours Singapore. Ananda takes 75% of his consideration by way
of 4.5million shares at 30cps.
July 2002: Medec formed as an Australian Public
Company on 13 May 2002 to consolidate several developing medical
technology interests into a viable international business.
1997: Body Contours is founded by Ananda Rajah
1984: Atos is founded by Ananda Rajah as a one
man operation in Singapore.
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