ORLANDO, Fla., May 13, 2004 /PRNewswire-FirstCall via COMTEX/ -- Bio-One Corporation (BICO) announced today that its recently formed subsidiary ANI Distribution, Inc. has signed an agreement to acquire a Florida-based wholesale distributor of nationally branded nutritional supplements. Purchase terms for the company include cash and notes. The acquisition is scheduled to be completed in approximately 30 days.
Bio-One President and CEO Armand Dauplaise said, "We believe this will be a highly synergistic acquisition for all Bio-One subsidiaries by providing access to expanded distribution channels. This will be our fifth acquisition since September. We are pursuing additional synergistic candidates in North America and China that meet our criteria."
Bio-One Corporation is a nutritional supplements company serving the preventive and alternative healthcare segments. The company intends to acquire additional businesses in order to provide quality nutraceuticals to consumers through vertical integration of manufacturing, distribution and marketing. Current Bio-One subsidiaries include PNLabs, American Nutritional Exchange, Interactive Nutrition International, Nutrition Sciences Corporation and WeiFang Shengtai Pharmaceuticals Co. Ltd.
Certain statements released by Bio-One Corporation that are forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological and other risks detailed in the company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release.