MATAWAN, N.J., Dec 05, 2005 /PRNewswire-FirstCall via COMTEX/ -- MM2 Group, Inc. (MMGP) announced today that it will acquire Epic Nutrition, LLC, a Florida-based manufacturer and distributor of the dietary supplement 5-Tetra(tm. The transaction, which is subject to due diligence and the usual and customary conditions, is expected to close in December.
Epic Nutrition currently sells its products through General Nutrition Centers ("GNC"), the nation's largest specialty retailer of supplements, Europa Sports, the nation's largest distributor of sports supplements (serving independent gyms, health food stores and specialty retailers), and through major internet retailers such as BodyBuilding.com, BulkNutrition.com, and Netrition.Com.
5-Tetra(tm), which is marketed under the tag line "The Power That Moves Muscle(tm)", is a dietary supplement which is intended to improve the performance, strength, and power output that muscles are able to deliver. Additional information on the company and product can be found at http://www.5-tetra.com and http://www.movemuscle.com.
Mark Meller, CEO of MM2, remarked, "The dietary supplement and nutraceutical industries are rapidly growing. They are also highly fragmented, with hundreds of small companies which have good products but inadequate distribution and/or financing. We expect to be in a position to acquire a number of these companies over the next year, and are excited about the prospects of building a very large company."
Jerry Mahoney, Chairman of MM2, stated, "We are committed to expanding Epic Nutrition, sustaining their product development, and assisting Epic in offering an expanded range of services."
About MM2 Group, Inc.
MM2 Group is involved in the acquisition and build-out of dietary supplement and nutraceutical companies. The company's growth strategy is to acquire firms in this extensive and expanding but highly fragmented segment as it seeks to create substantial value for shareholders. For more information, contact MM2 Group CEO Mark Meller at (732) 239-0092 or by e-mail at [email protected] or Jerry Mahoney at [email protected].
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to MM2 Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.