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
