Wal-Mart to Sell First Nutrition Monitoring Software Based on Measured Metabolism
GOLDEN, Colo., Feb. 5 /PRNewswire-FirstCall/ -- HealtheTech, Inc. (Nasdaq: HETC) a Colorado-based company that develops and markets medical devices and software that measure and monitor important health parameters, today announced a distribution relationship which includes plans for Wal-Mart to sell HealtheTech's BalanceLog(TM) Software to Manage Weight & Nutrition in a regional roll-out of 11 states. The company expects to begin shipping the software to Wal-Mart in March and will record revenue upon sell-through of the product to end customers.
The BalanceLog Software to Manage Weight & Nutrition contains the BalanceLog nutrition monitoring and weight management software program as well as a discount coupon for a metabolism measurement using HealtheTech's MedGem(R) and BodyGem(R) indirect calorimeters at participating provider locations nationwide including HEALTHSOUTH.
The BalanceLog software application is an easy-to-use program that helps people create a personalized weight and nutrition management program based on their unique metabolism. The BalanceLog database contains more than 4,000 foods, including many brand name foods and foods from national restaurant chains, as well as over 300 exercises. With this innovative software, users can easily and accurately track calories, protein, carbohydrates, saturated fat, cholesterol, fiber, sodium and nutrients they consume as well as the calories their bodies burn each day. Easy-to-use reports provide immediate feedback on progress so a user knows how they are doing against their targets. The software is available for Microsoft(R) Windows(R) PC and Palm OS(R) devices.
"Wal-Mart gives us rapid and wide distribution into the retail market and provides excellent exposure to consumers. Their customer base is expansive and their reach is unmatched," said Dr. James Mault, Chairman and CEO of HealtheTech. "Retail distribution opportunities such as this drive utilization of HealtheTech's MedGem and BodyGem devices."
HealtheTech, Inc., headquartered in Golden, CO, develops and markets technologically advanced and proprietary medical diagnostic devices and software that measure and monitor important health parameters. HealtheTech's breakthrough products assist healthcare professionals and wellness advisors in the areas of medical nutrition therapy, weight management and fitness, to provide cost-effective and personalized nutrition monitoring and weight management tools. HealtheTech's product line includes devices and software that allow consumers to monitor their health and nutrition simply and easily. The company's common stock is traded on the Nasdaq National Market under the symbol "HETC." For more information, please visit www.healthetech.com .
This release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to the safe harbors created thereby. Such forward-looking statements include statements regarding HealtheTech's plans to distribute and promote its products through Wal-Mart and the nature of the distribution channel provided by Wal-Mart. Actual results could differ materially from those projected in the forward-looking statement as a result of known and unknown risk factors and uncertainties. Such factors may include, but are not limited to, expectations concerning the volume of future product distribution provided by the agreement and the financial results derived there from. Reference is made to the discussion of risk factors contained in HealtheTech's filings with the Securities and Exchange Commission. HealtheTech undertakes no obligation to subsequently update or revise the forward-looking statements made in this news release to reflect events or circumstances after the date of this release.