April 13, 2008
CORNELIUS, NC, Apr 14, 2008 (MARKET WIRE via COMTEX) -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) is pleased to announce that it has signed a letter of intent to acquire Extreme Fitness. Planet Nutrition Holdings Inc., the parent company of Planet Nutrition Inc., a supplement and vitamin company, plans to buy Extreme Fitness, a manufacturer of state of the art fitness equipment.
Extreme Fitness has been in business for over 31 years, manufacturing high quality commercial strength training equipment for 22 years. The main products offered are free weight machines, selectorized machines and a complete line of body weight training equipment that is geared towards, professional, college and high school athletes plus correctional facilities, recreation trails and other forms of outdoor training.
Some of Extreme Fitness customers include the United States Olympic Training Centers in Colorado Springs, Colorado, Lake Placid, New York, San Diego, California, and Salt Lake City, Utah. Professional sports teams include the Tampa Bay Lightning, Boston Celtics, Chicago Bulls, New York Mets, Denver Broncos, New York Giants, and Atlanta Falcons, as well as many professional athletes such as Larry Bird. Extreme has provided equipment for a number of celebrities like Ted Turner, Jane Fonda, Jack Nicklaus, and Randy Travis. Extreme also has provided equipment to many colleges and universities, most recently the U.S. Air Force Academy, and numerous health clubs, such as Gold's and World gyms.
"The resume that Extreme Fitness brings to the table will only improve both companies," stated Dan Starczewski, President and CEO of Planet Nutrition. "Adding a manufacturer of high quality fitness equipment products will allow great synergy for both companies."
About Planet Nutrition, Inc.
Planet Nutrition, Inc. has been in business since 1999 as a retailer of nutritional products and programs in the diet and nutrition industry. By offering a superior product line, employing innovative marketing techniques and developing strategic partnerships with manufacturers and distributors, the company maintains an uncompromising commitment to quality while ensuring the best value to our customers. Visit Planet Nutrition online at: www.planetnutritiononline.com
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.
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