Advantage Marketing Systems Ends Negotiations for Acquisition of Universal Nutrition Corporation and Affiliates.Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--Dec. 18, 2000 Advantage Marketing Systems, Inc. ("AMS AMS - Andrew Message System ") (AMEX AMEX See: American Stock Exchange :AMM AMM Autorisation de Mise sur le Marche (French) AMM Autorisation de Mise sur le Marché (French: Commission of Marketing Authorization) AMM ASEAN Ministerial Meeting AMM American Metal Market ) Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , John W. Hail, announced today that after detailed review of the intended acquisition of Universal Nutrition Corporation ("UNC") the two companies were unable to reach a mutually agreeable definitive agreement and the acquisition plans for the firm and their three affiliate companies have been cancelled. Mr. Hail stated that as of December 8, 2000, UNC acquisition plans have been cancelled and acquirement of the Atlanta, Georgia-based firm will not take place. UNC, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , develops proprietary health, diet and beauty products sold via direct mail, infomercials, and the Internet. AMS currently has a product line of more than 100 natural nutritional supplements, weight management products, skin and hair care products and cosmetics based on herbal-based proprietary product formulations. Last month AMS introduced a new weight management dietary supplement, Kelp kelp: see seaweed; Phaeophyta. kelp Any of about 30 genera of large seaweeds that make up the order Laminariales (brown algae), found in colder seas. Enhanced, a thyroid-enhancing formula that complements their top-selling product, AM 300, a natural herbal energizer and weight management supplement. The Company's products are distributed by more than 80,000 independent distributors. For more information, visit the Company's web site at www.amsonline.com. AMS is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the trading symbol AMM. Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology such as "anticipates," "believes," "expects," "may," "will," or "should" or other variations thereon, or by discussions of strategies that involve risks and uncertainties. The actual results of the Company or industry results may be materially different from any future results expressed or implied by such forward-looking statements. |
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