April 21, 2010 (FinancialWire) — Med Gen Inc. (OTC: MDIN) said it has signed a deal that gives it's wholly owned subsidiary, NorthStar Business and Property Brokers, Inc. the right to resell over $30 million in established franchise businesses.

Under to the deal, NorthStar will list a database of pre-existing franchise businesses in its national database, which is accessed by the company's brokers, and advertise them on its web properties to match potential buyers with the business sellers.

NorthStar said it will earn a 10% to 12% commission when the business is sold. Some of the franchises included in this deal are Fast Frames, Molly Maids, Handyman, according to Med Gen.

New York-based Med Gen went public in 1997 and distributed health related products. According to the company, business wound down in 2008 but was recently revived earlier this year through its wholly owned subsidiary, NorthStar Business and Property Brokers, a private company engaged primarily in business brokering.

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