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PDK Labs, Inc. Announces Termination of Its Subsidiary's Purchase Agreement.


PDK Labs, Inc. (Nasdaq: PDKL) announced today that the Nutraceutical International Corporation (Nasdaq: NUTR) had exercised its option to terminate the agreement with its majority owned subsidiary Futurebiotics, Inc. (Nasdaq: VITK) pursuant to which an indirect wholly owned subsidiary of Nutraceutical was to acquire the assets comprising the Futurebiotics line of nutritional supplements.

PDK Labs Inc. manufactures and distributes nationwide more than 500 over-the-counter products such as vitamins, food supplements, non-prescription caffeine products, pain relievers, decongestants, diet aids, minerals and beauty aides to distributors, health food stores and retail customers.

Statements in this release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in PDK's reports and registration statements filed with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 2, 1999
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