TSPS initiates coverage on Enhance Skin Products Inc. (PINK:EHSK)

by Tom Carlson | Friday, Mar 15, 2013 | 499 views

Boston, MA, 03/15/2013, Time: 10:38 EST – Update: Shares of EHSK closed at $0.02 a gain of more than 471% compared to its previous close. The stock ended up trading more than 4.2M shares

Boston, MA, 03/15/2013 – Time: 10:30 am EST – Stock of Enhance Skin Products Inc. (PINK:EHSK) are up more than 400% this morning after an uncompensated promotion was launched by www.topsecretpennystocks.com. EHSK is currently trading at 0.018 with a gain of $0.0145 from its previous close. More than 9.5M shares have exchanged hands in today’s morning session.

Although we did not find any news released by the company today,  Enhance Skin Products Inc. (PINK:EHSK), on March 11th, had announced that it has entered into the following material agreements in accordance with its plan to restructure its balance sheet:

(i) a termination agreement with its former President and Chief Executive Officer (the “CEO Termination Agreement”);

(ii) a termination agreement with its former Vice President and Chief Operating Officer (the “COO Termination Agreement”);

(iii) a termination agreement with its former Chief Financial Officer (the “CFO Termination Agreement”); (iv) a termination agreement with a former consultant (the “Consultant Termination Agreement”);

(v) a consulting agreement with its current President and Chief Executive Officer (the “CEO Consulting Agreement);

(vi) a consulting agreement with its current Chairman and Chief Scientific Officer (the “CSO Consulting Agreement); (vii) an employment agreement with legal counsel (the “General Counsel Employment Agreement”);

(viii) a loan agreement (the “Loan Agreement”); and (ix) a general security agreement (the “General Security Agreement).

Complete details of this press release can be found at

http://biz.yahoo.com/e/130311/ehsk8-k.html

Enhance Skin Products, Inc. develops and markets cosmeceutical products under the Visible Youth brand worldwide. It provides Visible Youth Revitalizing Skin Formula, a topical treatment of various areas of the face and neck; Visible Youth Revitalizing Eye Zone Gel that addresses the delicate needs of the skin around the eye area; Visible Youth Revitalizing Moisturizer, a cream that delivers hydrating nutrition to the skin and neck; Visible Youth Revitalizing Cleanser, a mild, non-soap, and non-alkaline gel revitalizing cleanser; Visible Youth Healing Complex, which acts as a humectant in combination with bioactive ceramic micro-particles to aid in healing; and Visible Youth Healing Complex Plus 3% Lidocaine that is applied immediately after a professional skin-resurfacing procedure. The company markets its products through direct to consumer programs, direct dispense to professionals, and sale agents. Enhance Skin Products, Inc. is based in Denver, Colorado.

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