Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) is pleased to announce that it has recently completed its acquisition of an operating subsidiary of Extreme Fitness, Inc. Planet Nutrition Holdings Inc., the parent company of Planet Nutrition, Inc., a supplement and vitamin company, has acquired I M & M Exercise Equipment Inc., a subsidiary of Extreme Fitness Inc., a manufacturer and marketer of state-of-the-art fitness equipment.
I M&M Exercise Equipment Inc. has been in business for over 31 years, manufacturing high quality commercial strength training equipment for 22 years. I M & M's main products include free weight machines, selectorized machines and a complete line of body weight training equipment geared toward professional, college and high school athletes as well as correctional facilities, recreation trails and other forms of outdoor training.
Some of I M & M's customers include the United States Olympic Training Centers in Colorado Springs, Colorado; Lake Placid, New York; San Diego, California; and Salt Lake City, Utah. Client professional sports teams include the New York Giants, Boston Celtics, Chicago Bulls, New York Mets, Denver Broncos, Atlanta Falcons, and Tampa Bay Lightning, as well as many professional athletes such as Larry Bird. Extreme has provided equipment for a number of celebrities including Ted Turner, Jane Fonda, Jack Nicklaus, and Randy Travis. I M & M has also provided equipment to many colleges and universities, most recently the U.S. Air Force Academy, as well as numerous health clubs, such as Gold's and Worlds gyms.
"This recent acquisition of I M & M Exercise Equipment Inc. will allow great synergy between the two companies," stated Dan Starczewski, President and CEO of Planet Nutrition. "We at Planet Nutrition are hoping to target buyers from both fitness markets."
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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