NEXGEL Acquires All Assets Of Silly George For $400,000 In Cash, $200,000 In NEXGEL Common Stock, And A 4-Year Net Profit Earn Out; Silly George Has A Revenue Run Rate Of ~$2M

NEXGEL has acquired all of the assets of Silly George for $400,000 in cash, $200,000 in NEXGEL common stock, and a 4-year net profit earn out. Under the terms of the agreement, management of Silly George will remain in place and inventory will be provided by the seller at cost and paid for after the sale of each unit.