NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- The Bauer Partnership, Inc. announced today that it has entered the $34 Billion Health and Fitness Industry with the 33.3% acquisition of the issued and outstanding membership interests of F3 Fitness, LLC.
F3 Fitness, LLC is the owner of the nutritional supplement, Fat to Fit. Fat to Fit is a state of the art nutritional supplement that contains anti- aging and skin toning agents designed to rejuvenate your skin while you tighten and tone your muscles. manufacturing facility in Florida, which will fill American and European Orders and a Mexico City facility which will fill all orders in Latin American Markets.
Bauer has acquired 33.3% of F3 Fitness, LLC in exchange for 1 million restricted shares of The Bauer Partnership, Inc. common stock, with a One-Year Lock-Up provision and in addition financial advisory and marketing services. Future plans will call for a proposed spin-off into a public vehicle.
Bauer has decided to take advantage of this exciting acquisition as a result of the remarkable growth of the Health and Fitness industry and the opportunity it presents Bauer and its shareholders.
Over half of all Americans are considered overweight or obese, the weight loss industry is thriving like never before. Sales of weight loss products are expected to reach around $34.6 billion this year, according to Tampa-based research firm Marketdata Enterprises Inc.
Since many health care plans only pay for physician-supervised weight loss programs if they are medically necessary, consumers are turning to over-the-counter products such as Slim-Fast, non-prescription diet pills and herbal appetite suppressants to shed unwanted pounds.
"The F3 Fitness acquisition is an excellent opportunity for Bauer and it's shareholders alike. This acquisition proves our ability to utilize our common stock as a viable acquisition tool in the current market conditions. We will work diligently to build up a portfolio of thriving subsidiaries in the coming months and increase revenues through such operations. We are committed to increasing shareholder value, and improving our bottom line. We believe that Bauer is building a strong foundation of companies that will support the public company for years to come" commented Ronald J. Bauer, CEO & Founder.
The Bauer Partnership Inc. recently announced that it has changed its corporate philosophy from a real estate investment company to a diversified holding company to better maximize shareholder value.
The Bauer Partnership, Inc. (BULLETIN BOARD: BUER) is a diversified holding company that specializes in acquiring and developing cash-flow positive Real Estate assets, Sports and Leisure acquisition opportunities and Resource oriented ventures. The Bauer Partnership, Inc. also focuses its efforts on developing viable projects in the Caribbean and Latin America. Bauer has an acquisition team who operate from the company's headquarters in New York.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. BAUER takes no obligation to update or correct forward-looking statements.