NuLife Announces Merger with Two Louisiana Electronic Security Firms

NuLife Sciences, Inc
(Stock Symbol:  NULF)
2618 San Miguel Road, Suite 203
Newport Beach, California 92660
www.nulifesciences.us
(858) 204-50 55

NEWPORT BEACH, CA — August 8, 2018 — NuLife Sciences, Inc. (OTCQB: “NULF”) announced today that it has entered into a definitive merger agreement to acquire LJR Security Services, Inc. (“LJR”) and Gulf West Security Network, Inc. (“Gulf West”), a wholly-owned subsidiary of LJR.

Pursuant to the Merger Agreement, a wholly-owned subsidiary of NuLife Sciences, Inc. (“the Company” or “NuLife”) will merger with LJR. Consideration will be in the form of NuLife stock and the assumption of LJR corporate debt. A Form 8-K will be filed with the U.S. Securities & Exchange Commission (“SEC”) outlining full details of the Agreement.

LJR and Gulf West are active in the engineering, design, installation, remote monitoring and after-market servicing of electronic intrusion alert and fire detection systems for homes and businesses (“the alarm industry”).

Both LJR and Gulf West are based in Lafayette, LA, and are owned by Louis J. Resweber, a long-time veteran of the alarm industry, who has also previously served as a Corporate Officer, Board Member and Executive Consultant to a number of NYSE and NASDAQ-listed public companies over the past 35 years.

“Following extensive deliberation, and after conducting wide-ranging research on a variety of industries, the Board of NuLife made the fiduciary decision to supplement our current lines of business with an expansion into the electronic security industry,” said Sean C. Clarke, Chairman of NuLife. “We decided upon this specific transaction as a means of generating immediate revenue and cash flow through the acquisition of operating security and fire alarm companies. We view the acquisitions of LJR and Gulf West as the first steps in a long-term plan to actively participate in the ongoing growth and development of the domestic alarm industry.”

“We expect to close this transaction within the next sixty (60) days, following the merger of LJR and Gulf West, and pending the completion of a third-party audit of the combined LJR and Gulf West,” Clarke said.

According to IBIS World, life safety is a rapidly-growing (but highly-fragmented) industry comprised of more than 14,000 individual enterprises (including many small “mom-and-pop” businesses) across the United States which are collectively generating over $22 billion in annualized revenues; and which are simultaneously experiencing both expansion (new business starts) as well as increasing consolidation (mergers and acquisitions).

Added Clarke, “We are thrilled to add LJR and Gulf West to our group; and we are ecstatic to welcome Lou Resweber to organization; as he is a gentleman of the highest caliber, with a demonstrated track record of success.”

“Lou has exemplified the highest level of character and integrity throughout his career, and I am pleased that he will spearhead our efforts to reposition NuLife as an emerging leader in electronic security,” Clarke said. “We are anxious to tap into Lou’s experience in corporate restructuring; his expertise in corporate finance, his aptitude for cost analysis, and his demonstrated ability to implement new processes, increase efficiencies, and improve bottom lines.

About Louis J. Resweber:
Prior to building LJR and Gulf West, Resweber was Chairman, President & CEO of Pelican Security Network, which he founded as a ‘start-up’ enterprise and grew into the one of the nation’s fifty (50) largest providers of alarm services in terms of customers served. In the process, Resweber completed more than a dozen successful mergers and acquisitions, and Pelican ultimately served more than twenty thousand (20,000) residential, commercial and industrial alarm customers across a seven-state region.

Previously, Resweber served as a Corporate Officer, Board Member and / or Executive Consultant to a number NYSE and NASDAQ-listed companies. As Chairman of Westmark Group (NASDAQ: WGHI); he completed the reorganization of this regional lender into a nationwide financial concern. As President and CEO of Network Acquisition (NASDAQ: NTWK), he spearheaded a series of seventeen (17) mergers and acquisitions. And as Senior Vice President of United Companies (NYSE: UC), he developed a capitalization plan that pushed UC’s stock price from $16 to $132 per share, making it the top growth stock in the U.S. at that time.

Beginning in the energy sector, he is a former Vice President of Arkla Exploration (NYSE: ARK); Vice President of NorAm Energy (NYSE: NAE / now NRG Reliant); Vice President of Entex Gas (NYSE: ETX); and Manager of Celeron Oil & Gas (NYSE: CEL / now Plains All American); which merged with Goodyear (NYSE: GT) to build the nation's longest pipeline, twice as long as the Alaskan Pipeline. For more information on Lou Resweber, please visit his LinkedIn profile.

About NuLife Sciences, Inc.:
NuLife Sciences is a biomedical and technology (development stage) firm focused on the development of innovative and life-saving organ transplant research; and also on the development of on-line websites related to the employment market. The Company seeks to acquire and / or merge with other technology companies, with a focus on saving and enhancing lives. NuLife is publicly owned, and its shares trade on the Over The Counter Quotation Board (OTCQB) under the stock symbol “NULF.” For more information on the Company, please visit: www.nulifesciences.us.

About LJR Security Services, Inc.:
LJR Security Services provides engineering, design, sales, installation, service, inspection and remote electronic monitoring services for electronic security systems to residential, commercial, industrial and institutional customers located primarily in Lafayette, Baton Rouge and New Orleans, the three largest metro markets in the State of Louisiana. LJR Security is privately owned. For more information on LJR, please visit: www.ljrsecurity.com.

About Gulf West Security Network, Inc.:
Gulf West Security Network is actively engaged in development and expansion of its proprietary coalition of independently-branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, systems integrators, structured wiring professionals and electrical contractors. Gulf West is a privately and wholly-owned subsidiary of LJR Security Services, Inc. For more information on Gulf West Security Network, please visit: www.gulfwestsecurity.com.

Safe Harbor Disclosure:
This News Release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the Company's, LJR’s and Gulf West’s control. The Company's actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth below and elsewhere in this News Release. All statements, other than statements of historical facts, included in this News Release regarding the consummation of the proposed Merger, the timing of the same, the actual performance, timing and commercial viability of therapies under development, as well as statements regarding growth strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. When used in this News Release, the words "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this News Release. The Company undertakes no obligation to update any forward-looking statements or other information contained herein. Potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations suggested by the forward-looking statements included in this News Release are reasonable, including the Merger, and the time currently expected to close the Merger, the Company cannot assure potential investors that these plans, intentions or expectations will be achieved. The Company discloses important factors that could cause its actual results to differ materially from its expectations under "Risk Factors" in its most recent Annual Report on Form 10-K for the Fiscal Year-Ended September 30, 2017, and elsewhere in this News Release. These cautionary statements qualify all forward-looking statements attributable to the Company or to persons acting on its behalf. For additional information regarding the Merger and the Merger Agreement, please see the Company’s Current Report on Form 8-K, to be filed with the U.S. Securities & Exchange Commission (the “SEC”) substantially simultaneously with the date of the release of this News Release, and for additional information regarding the Company, please see the filings made by the Company with the SEC available on the SEC’s website.

Contact:
on behalf of NuLife Sciences, Inc.: 
Ted Haberfield
cell: (858) 204-5055
direct: (760) 755-2716
e-mail: thaberfield@mzgroup.us
web-site: www.nulifesciences.us

Contact:
on behalf of Gulf West / LJR Security Services, Inc.
Lou Resweber
cell: (225) 413-6392
direct: (337) 210-8790
e-mail: lou.resweber@gulfwestsecurity.com
web-sites: www.ljrsecurity.com / www.gulfwestsecurity.com

Louis J. Resweber

(Lafayette, LA)

A former Corporate Officer and Board Member to a dozen NYSE and Nasdaq listed public companies, Resweber was also the Founder and Chairman / CEO of Pelican Security Network, the nation’s 36th largest security provider (out of 14,000 alarm companies nationwide).  He previously served as Chairman of Westmark Group (Nasdaq: WGHI); President & CEO of Network Acquisition (Nasdaq: NTWK); and Senior Vice President of United Companies Financial (NYSE: UC).

Damian D. Calato

Damian Calato

Financial Manager / Broadcaster / Philanthropist

A beloved former radio and television broadcaster, Damian Calato went on to forge a second and third successful career, both in mass media management, and then in the financial services sector.

Beginning his career in local media, with radio station KPEL AM / FM in Lafayette, LA; Calato went on to join the on-air team at KLFY TV-10, the CBS network affiliate in Lafayette, where he was the long-time host of “Hello Acadiana.”

This experience quickly evolved into a career in media management, going from on-air anchor and TV personality to later serving as a Sales Manager, General Manager (at 34, the youngest GM to operate and manage a TV station in a Top 100 market), and then ultimately serving as Vice President & General Manager of WGMB, WVLA, WBRL and WZUP-TV, prior to becoming Vice President of Communications Corporation of America for all of Texas and Louisiana, with direct responsibility for overseeing 21 media markets in two states.

He then built yet another career, this one in financial planning, as Calato has worked for more than 30 years with business owners and executives in developing financial strategies to expand their business, protect their assets, and accumulate wealth.

He has served in increasing levels of management with two of the national preeminent and most highly respected financial planners, Northwestern Mutualand Mass Mutual Financial Group, the latter of which he currently serves as Director of Development and Sales Manager.  He is also the President and Owner of Dynamic Communications, a consulting and education firm; and he previously served as Director of Marketing for TYL Trading, the only commodity trading company based in Louisiana.

In 2012, Calato qualified to become a Long-Term Care (LTC) Specialist in 2012, and has demonstrated a passion for making LTC benefits a part of one’s retirement planning.  Having cared for his father, who had Alzheimer’s for over 10 ½ years, Calato learned firsthand the struggles a family goes through during these trying situations.

A believer in giving back to his community, Calato has developed numerous campaigns and fund-raising events in the Baton Rouge and Lafayette areas; and has been recognized for these efforts by earning the Volunteer Fund Raiser of Year award from Baton Rouge Philanthropy; being named to the prestigious Top 40 Business Executive Under 40 by the Baton Rouge Business Report; being awarded the Marketer of the Year award by Sales & Marketing Executives Internation, and earning the Rosemary Award granted by Alzheimer’s Services of the Capitol Area.

In addition, Calato continues to serve as President and / or as a Board Member for a number of area organizations, including: Alzheimer’s Services of the Capital Area; Serra Club of Baton Rouge; St. Jude Men’s Club; Kiwanis Club of Lafayette; Advisor to Catholic Community Radio, Closer Walk Ministries and NAIFA.

A graduate of the University of Louisiana in Lafayette, Calato also holds both a Series 6 and Series 63 Securities License along with Life & Health Insurance License.

Damian and his wife, Ellen, are the parents of three grown children, and are the proud grandparents of one grandson.

D. Dewitt Bateman

Dr. Dewitt M. Bateman

Entrepreneur / Physician / Community Leader

An accomplished leader in both the business and medical professions, Dr. Dewitt Bateman currently serves as the head of anesthesiology for two of the largest specialty care facilities in the State of Louisiana.

An active investor in the oil and gas industry, and the biotechnology fields, Dr. Bateman was also one of the first financial participants in Lou Resweber’s original Pelican Security Network (the precursor to Gulf West Security Network, which was successfully sold in two tranches to Vector Security of Pittsburgh, PA, and one other buyer, for a combined $21.7 million.

In the medical arena, Bateman earned a Bachelor of Science Degree in Microbiology from Louisiana State University (LSU) in Baton Rouge in 1986 before earning his Doctorate of Medicine at the LSU Medical Center (LSUMC) in New Orleans in 1991, and then completing his Residency at LSUMC / Charity Hospital in New Orleans in 1995, where he was elevated to Chief Resident and earned a Board Certification in Anesthesiology.

Dr. Bateman practiced anesthesiology for 2½ years at Hancock Medical Center in Bay St. Louis, MS before moving to Women’s Hospital in Baton Rouge, LA in 1998.  He is currently a managing principal with Louisiana Anesthesiology Group, Inc., practicing at both Women’s and the Williamson Eye Center, and serving as Chief / Medical Director of the Department of Anesthesia.

In addition, he also currently serves as a Member of the Board of Directors and the Executive Committee of the Health Systems Improvement Co-Management Group ; as Chairman of the Operating Room Management Committee; as President of Woman’s Retail Ventures (a hospital / physician joint venture); and is an active Member of the American Board of Anesthesiology, the American Society of Anesthesia, and the Louisiana Society of Anesthesiologists.

Active in his community, Dr. Bateman has also previously served on Board of Directors for The Dunham School in Baton Rouge, LA.

Dewitt and his wife, Mary, are the parents of four grown children.

Bobby L. Badeaux

Bobby L. Badeaux

Educator / Civic Leader / Vietnam Veteran

A decorated Vietnam veteran, a career educator, and a recognized civic leader, Bobby Badeaux was twice elected by the citizens of his home town as a City / County (Parish) Councilman in Lafayette, LA.

Prior to beginning his professional career, however, Badeaux proudly served his nation in the U.S. Army, completing Basic Training, Leadership Training, Advanced Infantry Training, and Airborne (Paratrooper) Training, prior to graduating third in his class from the Army’s Non-Commissioned Officers School.  In addition, he qualified for, and completed, the rigorous and prestigious U.S. Army’s Ranger School, prior to being deployed to active duty in Vietnam(1970 to 1972).

In addition to earning his elite Ranger Tabb and Paratrooper Wings, Badeaux was also awarded the Combat Infantry Badge (CIB), Air Medal, Aircraft Crewman’s Wings, Louisiana Accommodation Medal and Louisiana Honor Medal; as well as the Vietnam Service Medal and National Defense Medal.

In addition, while proudly serving overseas, Badeaux also earned the Bronze Star and the Purple Heart for extraordinarily meritorious service.

Returning to the States, he continued to serve his country in the U.S. National Guard, while beginning a career in public education.  Committing himself to the development of youth in our community, Badeaux taught and coached at Sacred Heart High, Carencro High, Teurlings Catholic High and Acadian Middle School.  Recognized for his passion for education, Badeaux was subsequently promoted to Assistant Principal, and ultimately Principal of Edgar Martin Middle School.  He has also served for years as the Parish (County) wide Athletic Director for the entire Lafayette Parish School System, and is currently serving as Athletic Director for Saint Genevieve Middle School.

During this time, Badeaux was twice named Lafayette Parish Principal of the Year; was twice named South Louisiana Regional Principal of the Year; and was twice a finalist for State Principal of the Year.  In addition, he has coached championship teams in a variety of athletic endeavors and was named Coach of the Year in 1975.  He is a Member of Who’s Who in American Education and the National Association of Middle School Principals.

Moreover, in the midst of these other activities, Badeaux also served his community by twice standing for election to the Lafayette City / Parish Council, where was elected to two consecutive terms, representing District 6.  And he also found time to build a successful business career, having worked as a private business owner of a long-standing (20-plus-year) retail operation; in sales at an oil and gas services provider, Balon Valves; and in heavy construction as safety coordinator for Lafayette Steel Erector.

A graduate of Northside High School in Lafayette, Badeaux studied (and played collegiate basketball) for two years at Lee College in Baytown, TX before earning a bachelor’s degree from the University of Louisiana in Lafayette and a master’s degree from Southern University in Baton Rouge, LA.

Bobby and his wife, Cathy, are the parents of four grown children, and are the proud grandparents of eleven grandchildren.

Lou Resweber Brings Experience to Gulf West

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Gulf West Moves Headquaters to Lafayette

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LJR Joins the Gulf West Family

Bayou Security Systems, Inc., a life safety services and property protection provider based in Shreveport, LA, has recently joined the nation’s fastest-growing alliance of independently-branded alarm companies.

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