Go Healthy, Inc (Pink Sheets: GOHE), has announced that the company has signed a comprehensive consulting, management and distribution agreement with Vanguard Management Corp (a business unit of Vanguard Minerals Corp)(OTC Bulletin Board: VNGM). Vanguard will initially assist Go Healthy with increasing its distribution network for its supplement products and assist in locating the best manufacturing/packaging and bottling partners for their product offering. Through this consulting agreement Vanguard Management will assist Go Healthy in several facets of the company's growth plans, including:
In the terms of the agreement, Vanguard was named the exclusive distributor of the complete line of Go Healthy's products in California. Additionally, Vanguard has acquired a 17% stake in the company and will increase their equity position as it reaches certain milestones.
In addition to the consulting agreement, Go Healthy has accepted the resignation of CEO Charlie Caudle and has retained James Price, Chairman/CEO of Vanguard Management Corp as the company's interim CEO and Vice-Chairman. Mr. Price and Vanguard Management Corp will help to streamline the company's operations and will conduct a national search for a permanent CEO when the conditions are appropriate.
James Price, Interim CEO of Go Healthy states, "First off, I would like to personally thank Charlie Caudle for his tireless work and time devoted to the development of Go Healthy. Mr. Caudle has traveled the country helping to develop marketing channels, obtain financing, and building alliances. The company is in an excellent position and we will continue to call upon his expertise from time to time. Our country is losing the battle against obesity and high cholesterol and the products that Go Healthy are marketing give people a potent weapon to help become more healthy and active. We look forward to turning this company around and building a market leading organization. We anticipate launching the new corporate website within 30 days at http://www.gohealthyus.com."
About Go Healthy, Inc.
Go Healthy is an innovative nutritional supplement corporation founded on the great tasting products created by the late Dr. J. Robert Cade, the inventor of Gatorade(R). These natural products are at the core of the cholesterol solution, general nutrition, and energy and muscle recovery. Cholesterade(R) and the Go!(R) Energy Recovery Shakes and Bars are widely recommended by experts in the medical community and selected by major university and pro athletic departments. Gatorade(R) is a registered trademark of Stokely-Van Camp, Inc. Go Healthy, Inc. is not affiliated with Gatorade(R) or Stokely-Van Camp, Inc.