The Knockout Group, Inc., Marketer Of George Foreman`s Knock-Out -R- Cleaners, Completes Merger With United Network Marketing Services, Inc.
December 28, 2004 13:40:00 (ET)
NORTHLAKE, Ill., Dec 28, 2004 (BUSINESS WIRE) -- United Network Marketing Services, Inc. (UMKG, Trade) today announces the closing of the merger of The Knockout Group, Inc., www.theknockoutgroup.com, a privately held company, with a wholly owned subsidiary of United. Knockout is the exclusive developer and marketer of George Foreman's Knock-Out(R) line of non-toxic, people-friendly cleaners and disinfectant.
"The closing of this transaction was an integral part of Knockout's overall growth plan," said John Bellamy, chairman and chief executive officer of both The Knockout Group and United. "As a public company, we believe that Knockout should have greater access to capital markets."
The Knockout Group pre-launched its line of George Foreman's Knock-Out(R) household cleaners and disinfectant in August 2004, and already has product placements in more than 7,000 stores, including Albertson's, Duckwall, Publix, Target, Walgreen's and the military exchanges. The company plans to officially launch its household products line during the first quarter of 2005, followed by the George Foreman's Knock-Out(R) automotive cleaning products line in mid-2005.
Legal notice to investors: Certain matters discussed in this news release are "forward-looking statements." These forward-looking statements, which apply only on the date of this release, generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "estimates," "anticipates," "believes," "continues" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements, which generally involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking statements. Such factors may include the following: competitive responses to the company's products; an inability to satisfy market demand; regulatory matters, insufficient product volumes and quality provided by suppliers; continued effectiveness of celebrity-based advertising and marketing; availability of capital to fund expansion; ability to maintain intellectual property; general economic, business and market conditions; continued retention of key personnel and their success in executing the business plan; maintenance of key trademarks, patents and licenses, and success of the company's exclusive endorsement and licensing arrangement with George Foreman. For a listing of risks applicable to the future prospects of the company, please refer to the company's reports to be filed with the SEC.
"Knock-Out" is a federally registered trademark of The Knockout Group, Inc.
SOURCE: The Knockout Group, Inc.
The Knockout Group, Inc.
E.dali Pollard, 708-273-6900, x113