Bio-One Signs Agreement To Acquire $8 Million Revenue Nutritional Supplements Distributor.Business Editors/Health/Medical Writers ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 16, 2003 Bio-One Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BICO BICO Bicolor ) ("Bio-One" or the "Company") has agreed to acquire a majority interest in a Florida based business that is a wholesale distributor of nationally branded nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . The Distributor sells to retail stores representing independents, large and small chain vitamin outlets, health clubs and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. throughout the Southeast. The business has achieved distribution rights with approximately 25 of the leading manufacturers of nutritional brands in the natural products industry. Bio-One President 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. , Armand Dauplaise, stated that, "This is a synergistic acquisition in that revenues will be enhanced for all Bio-One companies with the expanded distribution channels for our marketing companies and additional product lines available for our distributor business. Our recently acquired PNLabs will be the first to benefit." Terms will be announced upon closing of the transaction which is scheduled to be completed by September 30 of this year. Bio-One is aggressively pursuing additional acquisition candidates by targeting both manufacturers and marketers of nutritional supplements that are already profitable and have growing revenues. Business Summary Bio-One Corporation is an emerging growth company that is embarking on building a significant business in the nutritional supplements industry via vertical integration acquisitions and marketing consolidation. The Company's home state, Florida, ranks first nationally in per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. consumption of nutritional supplements and second only to California in nutritional supplement sales. The Company's goals are threefold; 1) to uniquely serve people worldwide who desire vitality and longevity; 2) to interface a quality and value growth philosophy through vertical integration and selected marketing companies consolidation; 3) to provide an outstanding return on investment for Company shareholders. Certain statements released by Bio-One Corporation that are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological and other risks detailed in the company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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