Livewire Ergogenics, Inc. has entered into a letter of intent to acquire production assets from Adia Nutrition, Inc for $1 million.

Livewire Ergogenics, Inc. (OTCPK:LVVV) has entered into a letter of intent to acquire production assets from Adia Nutrition, Inc (OTCPK:ADIA) for $1 million on May 15, 2013. Adia would receive $1.0 million of convertible preferred stock in LiveWire and will remain a public company receiving royalty income based upon the continued growth of Adia products sold over the internet and in new markets. Except as expressly set forth in the definitive agreements providing for the asset purchase and royalty payments, LiveWire would not assume any liabilities of Adia Nutrition.

Pursuant to the Letter, LiveWire would acquire the assets used to operate the business of Adia and simultaneously enter into a revenue-based royalty agreement. LiveWire would assume responsibility for manufacturing; order fulfillment, distribution, marketing, accounting and legal matters.