LTSN News$$$ - LTS Nutraceuticals, Inc. Completes Acquisition of Biocalth International, Inc.,Giantceuticals, Inc. and HerbSource Enterprises, Inc.
Company to Begin Marketing Biocalth Products in the U.S.
FT. LAUDERDALE, Fla., Jan 19, 2012 (BUSINESS WIRE) -- LTS Nutraceuticals, Inc.
(the "Company") (LTSN), a developer and manufacturer of nutritional and personal
care products, today announced that the Company has completed its acquisition of
Biocalth International, Inc., Giantceuticals, Inc. and HerbSource Enterprises,
Inc. (collectively "Biocalth"). The combined businesses manufacture nutraceutical
products in the U.S. and market and sell in Asia and Europe.
Established in 2001, Biocalth International Inc. is a leader in the development
of proprietary nutritionals with special emphasis on calcium supplementation.
HerbSource Enterprises, Inc., a division of Biocalth is a worldwide supplier of
high quality natural botanical extracts, vitamin formulations, food additives and
state-of-the-art chemistry. Raw materials supplied by Biocalth meet all
regulatory standards for purity and efficacy. Biocalth also maintains
approximately 25,000 sq. ft. of good manufacturing practice ("GMP"),
state-of-the-art facility and the facility meets all government standards
required by the United States and European governments and pharmaceutical
agencies.
Biocalth produces a complete line of award winning products that promote bone
health. Biocalth(R) is a unique, patented Calcium L-Threonate supplement that is
scientifically proven to improve bone density and encourage the formulation of
cartilage and collagen to strengthen bones.* The Company will begin marketing and
distributing Biocalth products throughout the U.S., expanding its revenue
opportunities in the largest bone health and joint health market in the world.
According to an article in News-Medical.Net (September 2011), the bone and joint
health supplements market is forecasted to be worth over $9 billion by 2017
worldwide.
"The acquisition of Biocalth was a strategic opportunity for us to capitalize on
a manufacturing facility as well as to penetrate the Asian markets with our
existing products. We are also excited to begin marketing Biocalth for the first
time here in the U.S. through our retail channels. We believe there will be a
strong product demand in the U.S. as 'baby boomers' continue to search for the
best supplements that could help them take preventive measures in combating
various bone conditions," stated CEO of LTS Nutraceuticals, Jerry Rayman.
President and CEO of Biocalth, Jackson Wen stated, "I believe combining our
businesses will allow for rapid revenue growth as we strive to become a global
powerhouse within the nutraceutical market. Biocalth is a leader in the Asian
markets and we look forward to seeing the same success in the U.S."
*These products have not been evaluated by the FDA and are not intended to
diagnose, treat, cure, or prevent any disease.
About LTS Nutraceuticals, Inc.
Headquartered in Ft. Lauderdale, FL, LTS Nutraceuticals, Inc. develops,
manufactures, markets and distributes an expanding line of unique, high-quality
vitamins, vitamin boosters, dietary supplements and nutraceuticals. The products
are sold throughout North America through two marketing channels: direct selling
utilizing Inline Marketing(TM) to introduce products to the consumer and
marketing products through national retail, drug and grocery chains and club
stores.