Twinlab Consolidation Corporation Completes Merger Into Twinlab Consolidated Holdings Inc.
Newly created, employee-owned TCC moves forward with its strategy as a leader in a new era in the supplement industry
NEW YORK, Sept. 17, 2014 /PRNewswire/ -- As announced on August 11, 2014, Twinlab Consolidation Corporation (TCC) completed its first transaction with the acquisition of Twinlab Corporation. Today, TCC announces the successful completion of its merger into Twinlab Consolidated Holdings Inc. (Symbol: TLCC), resulting in TCC becoming a wholly-owned subsidiary of TLCC.
TCC, with its merger into Twinlab Consolidated Holdings (TCH), creates a platform that will enable the company to emerge as a leader in the nutritional supplement industry and realize its vision for accretive growth through the expansion of its brand portfolio. Building on its acquisition of Twinlab Corporation, TCC contemplates growth through further acquisitions as it leverages manufacturing and distribution efficiencies in a health and wellness industry poised for substantial growth over the next decade.
"Our team is excited by the merger of TCC into Twinlab Consolidated Holdings Inc. (TCH)," says Tom Tolworthy, CEO of TCH. "With our first steps complete in positioning the Company to meet the challenges of a changing health and wellness industry, we feel uniquely equipped to meet the ever-growing consumer expectations for efficacious, high quality and transparent health solutions," adds Tolworthy.
As the Company evolves, it will influence positive change in the nutritional supplement industry and establish a level of accountability and trust that exceeds the growing expectations of health-conscious consumers. TCC strives to surpass the level of service customers expect and demand and assume a leadership position that places a priority on science and is an advocate to an industry committed to providing alternative healthy solutions in a world increasingly focused on living a healthier life.
Mr. Tolworthy further stated that TCH will timely file a report on Form 8-K (a "Super 8-K") with details about the merger and the operations of the companies.
About Twinlab Consolidation Corporation
Twinlab Consolidation Corporation (TCC) is an industry-focused health and wellness company committed to developing top brands. TCC aligns the interest of all stakeholders and is committed to building a world class portfolio of products that are made in America using the finest ingredients from around the world. In addition to its namesake brand, Twinlab®, established in 1968, TCC also manufactures and sells other well-known category leaders including the Metabolife® line of diet and energy products; Fuel line of sports supplement products; Alvita® teas, established in 1922 as a single-herb tea line; Trigosamine® joint support products as well other health and wellness brands. Twinlab's manufacturing facility in American Fork, Utah is an NSF GMP and NSF GMP for Sport certified facility. Visit www.twinlab.com for more information.
About Twinlab Consolidated Holdings, Inc.
Twinlab Consolidated Holdings, Inc. (TCH), a development stage company formed to design and develop a mobile beauty shopping tool application offered beauty product reviews, location-based coupons, and a platform for interaction with social networks specific to the products for Apple and Android platforms. With the completion of the merger, these operations shall cease. TCH was formerly known as Mirror Me, Inc. and changed its name to Twinlab Consolidated Holdings, Inc. in August 2014. TCH was founded in 2013 and was based in San Diego, California. With the completions of the merger, TCH's headquarters has moved to TCC's office in New York, New York.
Forward-Looking Statement: The statements in this press release, such as "accretive growth through the expansion of its brand portfolio," "growth through further acquisitions," and "a health and wellness industry poised for substantial growth over the next decade", and any implied or perceived benefits from the Merger between TCH and TCC, and any other effects resulting from any of the above, are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete closing conditions to the merger, and any other difficulties related to risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue our growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Twinlab Consolidation Corporation
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