June 5 (Reuters) - Premier Diversified Holdings Inc PDH.V :
* PREMIER DIVERSIFIED HOLDINGS INC. ANNOUNCES SALE OF INITIO MEDICAL GROUP INC.
* PREMIER DIVERSIFIED HOLDINGS - ENTERED SHARE PURCHASE AGREEMENT WITH PRIVATELY-HELD NUMBERED CO FOR SALE OF ALL SHARES OF INITIO MEDICAL GROUP
* PREMIER DIVERSIFIED HOLDINGS - PREMIER IS SELLING ITS ENTIRE INTEREST IN INITIO FOR A PURCHASE PRICE OF $200,000
* PREMIER DIVERSIFIED HOLDINGS - IN CONNECTION WITH TRANSACTION, ALL CURRENT DIRECTORS OF INITIO WILL RESIGN
* PREMIER DIVERSIFIED HOLDINGS - SIMON SUTCLIFFE, CEO OF INITIO WILL RESIGN, AS WELL AS CFO AND CORPORATE SECRETARY