Weider Global Nutrition LLC and GLG Life Tech Corporation announce that the proceedings commenced by Weider against GLG in the Supreme Court of British Columbia will be dismissed by consent of the parties. The dismissal is the result of Weider's offer to drop its claim against GLG without any payment to Weider if GLG would drop its counterclaim against Weider and agree to wind up GLG and Weider's joint venture company, GLG Weider Sweet Naturals Corporation. Weider will carry on marketing activities in Stevia related products independently. GLG will now be marketing all of its products itself.
About Weider Global Nutrition
A Heritage of International Leadership. For nearly 70 years, Joe Weider and the Weider® brand have been educating individuals around the world on all aspects of bodybuilding, fitness, health and wellness. Weider® has earned the trust of the health-conscious by placing quality and the efficacy of products above everything else. Today, the Weider® name is synonymous with health and fitness worldwide and includes quality brands, information, products and services sold in over 120 countries. The Weider brand is one of the most recognized brands in the industry. Since 1936, the Weider brand has been displayed both in the US and throughout the world with association in magazines, nutritional supplements, sporting events, equipment, and brand licensing.