Lifestream Technologies sells assets for $4.5 million

By Elaine Rigoli

Tampa, Fla., May 16 - Lifestream Technologies, Inc. said it has entered into a patent and trademark assignment and license assumption agreement with RAB Special Situations Fund Ltd.

Lifestream assigned to RAB the rights, titles and interest in certain patent applications, trademarks and related license agreements in exchange for the cancelation of $4.5 million of secured and unsecured debt, according to a news release.

Located in Post Falls, Idaho, Lifestream develops and markets cholesterol monitors.

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