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| 8-K - FORM 8-K - FORU Holdings, Inc. | mach_8k.htm |
EXHIBIT
99.1
News
Release dated April 14, 2010
NEWS
RELEASE
FOR
IMMEDIATE RELEASE
April 14,
2010
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Contact:
Steve Grubner, President
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888-400-7179
Ext.4
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www.machonecorp.com
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MACH ONE CORPORATION
EXPANDS – ACQUIRES WHITE HAT
BRANDS
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Mach
One Acquisition of Fast-Growing Health and Wellness Company Enables White Hat
Brands, LLC To Reach More Consumers
BELGIUM, WISCONSIN, APRIL 14, 2010
(BUSINESS WIRE) - – Mach One Corporation (OTCBB: MNCN), a global
wellness solutions company, and White Hat Brands, LLC today announced the two
companies have completed a definitive agreement whereby Mach One has acquired
100% interest in the fast-growing maker of kids’ health and wellness beverages,
including White Hat’s top-seller Dog On It® Fortified Juice Beverages. Financial
terms of the deal were not disclosed. “This acquisition will enable us to
substantially and quickly grow our revenue in the very high profile children’s
healthy food and beverage marketplace.” said Steve Grubner, president of Mach
One.
"We
started White Hat Brands four years ago with modest resources but an ambitious
vision to provide a delicious healthier drink choice to every kid in America”
said Kevin P. Quirk, president and CEO of White Hat Brands. “Developed with
sensitivity to the alarming growth in health-related childhood diseases, and
with a more sophisticated, health-conscious consumer in mind, White Hat Brands
is thrilled to complete this merger with Mach One and extend our brands
and mission to a much wider audience," continued
Quirk.
In
combining with White Hat, Mach One is creating a new consumer-driven business
unit, the Nutritional Products
Division, focused on healthy food and beverages. The newly formed
division will be run by current White Hat management, spearheaded by
Quirk. "White Hat Brands is at the forefront of the rapidly growing
health and wellness arena, and Kevin and his management team have successfully
anticipated and met consumer needs in this expanding category," said Tad
Ballantyne, interim CEO of Mach One. "This transaction is a prime example of our
commitment to execution of our mission to bring nutritional branded consumer
products to market beyond the more clinical therapeutic bio-solutions we
produce,” continued Ballantyne.
White Hat
Brands, LLC was started in 2006 by Quirk after a long career with The Coca-Cola
Company. After successfully testing Dog On It® in the Northeast and
developing several other pipeline products, White Hat was introduced to Mach One
Corp through a mutual investor. "This is our chance to bring health
and wellness food and beverages to the mainstream…Customers and consumers will
get to discover that being healthy can also taste good,” added
Grubner.
About
White Hat Brands, LLC
Atlanta-based
White Hat Brands is committed to promoting the health and wellness of children
by providing healthy and nutritious products and related services to support
healthy eating habits and regular physical activity, especially during the
pre-teen years. The company produces a variety of great-tasting,
fortified juice beverages for kids under the brand Dog On It!™ that are
made with all-natural ingredients and loaded with calcium and vitamins A, B, C,
D & E - without adding excess sugar or high fructose corn syrup. Please
see (www.whitehatbrands.com)
for more information.
About
Mach One Corporation:
Mach One
Corporation, a publicly traded company ( MNCN: OTCBB) -(www.machonecorp.com),
is a global wellness company that provides biotechnology based solutions to help
address one of the world’s most pressing and costly needs—positive, long-term
health and longevity benefits for humans and disease-threatened animals for
commercial operations. While animal wellness, organic and sustainable products
have been the company’s initial, primary focus; the company plans to bring to
market nutritional-branded products along with therapeutic bio-solutions in the
near future. An ongoing objective of Mach One will be to remain agile and swift
in the company’s efforts to spot business opportunities that support its vision
of making positive contributions towards greater global wellness.
Cautionary Statement: This
news release may include certain “Forward-looking statements” within the meaning
of Section 21E of the United States Securities Exchange Act, as amended. All
statements, other than statements of historical fact, included in this release
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. This notice expressly qualifies all forward-looking
statements in this release.
For More
Information, Contact:
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Paul
Allen Associates
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561-733-0081
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954-415-4691
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