ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 4, 2004--Bio-One Corporation (OTCBB:BICO) ("Bio-One" or the "Company"), in a cash transaction, has acquired a majority interest in American Nutritional Exchange, Inc. (www.americannutritional.com). The Miami, Florida based business is a wholesale distributor of nationally branded nutritional supplements.
American Nutritional's President and CEO, Ismael Gonzalez, commented, "Our management team has over 25 years of experience in the natural products industry. We understand and promote health and fitness, while specializing in categories such as sports nutrition, low carb products, nutraceuticals, nutrition and performance beverages. Our distribution channels include retailers representing independents, large and small chain vitamin outlets, health clubs and convenience stores throughout the Southeast. We represent approximately 25 of the leading manufacturers in our industry."
Bio-One President and CEO, Armand Dauplaise, stated, "This is a synergistic acquisition in that revenues will be enhanced for all Bio-One subsidiaries with the expanded distribution channels provided by American Nutritional. We will also be able to provide additional product lines for American Nutritional to distribute." Mr. Dauplaise concluded by stating, "This is our second acquisition since September and we are aggressively pursuing candidates that meet our criteria of profitability and revenue growth. We anticipate additional substantive announcements to follow shortly."
Bio-One Corporation was formed to serve the emerging niche of preventive and alternative healthcare through nutritional supplements. This niche has grown to a multi-billion dollar industry. The market is considered global. The Company's strategy is to build its business through vertical integration of manufacturing, distribution and marketing by selectively acquiring industry leaders in each distribution channel. Bio-One intends to be one of the first to launch its plan by targeting companies under $25 million in annual sales. The Company's home state, Florida, ranks first nationally in per capita consumption of nutritional supplements and second only to California in total industry sales. Bio-One's goals are threefold; 1) to serve people worldwide who desire vitality and longevity; 2) to interface a quality and value growth philosophy through the acquisition of selected businesses; 3) to provide a superior return on investment for Company shareholders.
Bio-One Corporation is committed to its mission of the continuing pursuit of excellence in serving our customers, our suppliers, our team members and our shareholders. Bio-One intends to accomplish its mission and goals through the application of its management philosophy, which is to treat others the way they would want to be treated.
Certain statements released by Bio-One Corporation that are forward-looking statements are made pursuant to the safe harbor 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.