DGAP-News: North Springs Resources Corp

DGAP-News: North Springs Resources Corp. Buys Bionic Products Corp.

DGAP-News: North Springs Resources Corp. / Key word(s): Miscellaneous North Springs Resources Corp. Buys Bionic Products Corp.

26.02.2016 / 06:42 The issuer is solely responsible for the content of this announcement.

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Tampa, Florida--(Newsfile Corp. - February 26, 2016) - North Springs Resources Corp. (OTC Pink: NSRS), a public venture holding company, has purchased preferred shares of Bionic Products Corp. of Florida, a cutting-edge vitamin spray and supplemental company. Management believes its recapitalization of NSRS aided in the purchase and believes Bionic should achieve about $5,000,000 in projected revenues over the course of NSRS's new business plan in the short term.

NSRS began its restructuring in the third quarter of last year. The restructuring was part of the Company's overall business strategy to begin making acquisitions in markets in which it has synergies and in which it sees opportunities to increase profits and deliver value to its shareholders. NSRS purchased Bionic for 10% of its stock, which is a premium to its current market price following the acquisition.

J Douglas Pulver, President of NSRS, said 'Our purchase in Bionic Products is an exciting major step in our new business plan, allowing us to continue to search for great opportunities in high-growth markets and industries throughout the U.S. and internationally.' 'We will continue to engage in business markets such as oil, water, mining and minerals, provided those opportunities generate the internal return on investment required by our Board,' Pulver said.

The Company's new business plan has sparked the interest of several investment groups in the U.S. and Canada. Management has speculated on a capital raise but has yet to seriously entertain offers.

ABOUT NSRS: For more information about North Springs Resources or Bionic Products Corp., please see their websites at www.northspringsresources.net and www.bionicproducts.net.

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS REGARDING MANAGEMENT'S BELIEFS ABOUT THE COMPANY'S REVENUE PROJECTIONS, RESULTS OF OPERATIONS, BUSINESS STRATEGY OR PLAN. PLEASE REVIEW THE COMPANY'S DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS IN FULL AT ITS WEBSITE:

Company Contact : 813-699-4098

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/19403

News Source: Newsfile

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26.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: North Springs Resources Corp. United States ISIN: US6625463087 End of News DGAP News Service ---------------------------------------------------------------------------

440505 26.02.2016