Tuesday, June 21, 2011 3:06:44 PM
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Our worldwide distribution has grown significantly in the last 12 months. The growth has been so impressive that we have received numerous accounts in person from those in the industry that say that we are the fastest-growing company in the sports nutrition market.
We also believe our partnership with the Ultimate Fighting Championship (UFC) is growing our brand internationally at a rapid pace. We saw this first-hand with international distributors at the recent FIBO conference in Germany. There, nearly everyone knew and recognized the MusclePharm brand.
Additionally, Medicaid reimbursement is in its final stages in New York. Our entire medical board continues to work diligently and vigorously to finish what could be a landmark moment for our company.
We also have shown that the fundamentals of our company continue to get better as we move forward and manage our extreme growth. MusclePharm has gone from $80,000 in sales in 2008 to $4 million in 2010 and, now, already more than $6 million through just the first Five months of 2011. We are excited about that growth and we are confident the best is yet to come.
In closing, we at MusclePharm appreciate your remarkable support and we will not rest until we are the dominant name in this industry. We will continue to sell more and spend less, expanding at a significant rate thanks to quality and proven industry professionals.
Sincerely,
Brad Pyatt
Chairman, Chief Executive Officer
May 26, 2011 Sports Nutrition Retail Mogul Jeremy Deluca Signs as MusclePharm President and Chief Marketing Officer
May 25, 2011 Former Bodybuilding.com President Joins MusclePharm Executive Team
May 24, 2011 MusclePharm CEO and Chairman Issues Letter to Shareholders
May 19, 2011 MusclePharm Sportswear Gains Distribution At Top MMA Online Stores
May 2, 2011 MusclePharm Secures Prime Placement at 1,700 GNC Locations for its MuscleGel Product
Apr 28, 2011 MusclePharm Products Now Available at Canada's Largest Sports Nutrition Retailer Popeye's® Supplements Canada
Apr 28, 2011 MusclePharm Products Now Available at Canada's Largest Sports Nutrition Retailer Popeye's(R) Supplements Canada
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