The Forzani Group Ltd., ("FGL") The Forzani Group Ltd. and General Nutrition Centres Company ("GNC") today announced a partnership that will put GNC performance nutrition boutiques within FGL stores. The first pilot market will be in Calgary, Alberta this fall.
"This is the result of discussions which began in 2008 with the GNC team and is viewed by our company as a key strategic initiative," said Bob Sartor, CEO of FGL. After the pilot, a full rollout will be planned for 2010.
Gilles Houde, President GNC Canada said, "FGL's sports performance heritage, along with its national presence and strong market share makes it the ideal partner for our premier brand of performance nutrition products."
GNC, headquartered in Pittsburgh, Pa., is the largest global specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. As of March 31, 2009, GNC has more than 5,200 retail locations throughout the United States (including 944 franchise and 1,733 Rite Aid store-within-a-store locations) and franchise operations in 44 international markets. GNC -- which is dedicated to helping consumers Live Well -- also offers products and product information online at www.gnc.com.
The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under the following corporate and franchise banners: Sport Chek, Coast Mountain Sports, Sport Mart, National Sports, Athletes World, Sports Experts, Intersport, Econosports, Atmosphere, Tech Shop/Pegasus, Nevada Bob's Golf, Hockey Experts, S3 and Fitness Source. FGL also has websites for several of its corporate and franchise banners, which can be accessed through its main website at www.forzani.com.
This press release contains certain statements that may constitute forward-looking information within the meaning of applicable securities laws. This forward-looking information relates to, among other things, FGL's strategic and operating initiatives and can generally be identified by the use of such words as "may", "will", "expect", "believe", "plan", "intend", "are confident" and other similar terminology, including statements concerning possible or assumed future results. Certain material factors or assumptions are applied in making statements regarding forward-looking information, and actual results may differ materially from those expressed or implied in such information. The forward-looking information in this press release is based upon material factors and assumptions that management believes are reasonable as of the date of this press release, including the successful execution of the initiatives described herein; however, FGL cannot assure actual results will be consistent with this forward-looking information. Information about material factors that could cause actual results to differ materially from expectations include, but are not limited to, the factors discussed in FGL's Management Discussion and Analysis and Annual Information Form filed with the securities regulatory authorities in Canada, available at www.sedar.com.
When relying on the forward-looking information to make decisions with respect to FGL, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Although FGL believes that the expectations reflected in such forward-looking information are reasonable, such information involves significant risks and uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. While FGL may elect to do so, unless required by applicable law, it undertakes no obligation to update this information to reflect new information or circumstances at any particular time.