Strike Axe, Inc. Executes Asset Purchase Agreement with Mega-Pro, Inc.

Before you go, we thought you'd like these...
Before you go close icon

Strike Axe, Inc. Executes Asset Purchase Agreement with Mega-Pro, Inc.

ST. GEORGE, Utah--(BUSINESS WIRE)-- Strike Axe, Inc. (OTCBB: SKAX) today announced it has entered into an Asset Purchase Agreement with Mega-Pro, Inc. as part of its strategy to become the leader in the Nutritional Enhancement and Supplements Industry.

Wayne Allyn Root, Strike Axe CEO, said of the deal, "The purchase of the Mega-Pro brand, products and distribution channels gives us a world-renowned brand name licensed in multiple countries and will play a key component in our growth strategy as a global nutritional powerhouse."


The Asset Purchase terms include a combination of cash and a convertible note.

"The purchase of the Mega-Pro brand instantly opens up huge distribution into thousands of global retailers. The purchase includes 24 products responsible for millions of dollars of past sales, distribution channels in 18 countries and numerous strategic relationships to bolster our fast paced growth. When combined with our online sales strategy Mega-Pro gives us a competitive advantage as we grow both domestically and internationally into South America, Asia and Europe. For over 26 years Mega-Pro has produced the highest quality products in the sports nutrition arena. Our team has worked very hard to secure this purchase. We are excited about what this Mega brand will add to our bottom line," Shaun Sullivan, Strike Axe President, added.

About Strike Axe, Inc.

Strike Axe, Inc. through its operating subsidiary Nutritional Concepts is a leader in the formulation, manufacturing and distribution of sports nutritional enhancements and supplements. For more information on Nutritional Concepts, visit www.nutritionalconcepts.net.



Investor Relations:
Strike Axe, Inc.
Shaun Sullivan, 435-680-2971
Shaun.megapro@gmail.com

KEYWORDS:   United States  North America  Utah

INDUSTRY KEYWORDS:

The article Strike Axe, Inc. Executes Asset Purchase Agreement with Mega-Pro, Inc. originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners