Bond Labs Completes Recapitalization and Name Change
Bond Labs Completes Recapitalization and Name Change
OMAHA, Neb.--(BUSINESS WIRE)-- Thursday, September 26 — Bond Laboratories, Inc. (OTCBB:BNLB) ("Bond Labs"), an international provider of innovative and proprietary nutritional supplements for health conscious consumers, today announced that its corporate name change to FitLife Brands, Inc. and the 1 for 10 reverse stock split previously approved by shareholders will be implemented on September 30, 2013. Consistent with FINRA procedures, the Company's common stock will continue to trade under the symbol "BNLB" with an added "D" at the end to denote the corporate action for a period of 20 trading days post-effectiveness.
"These actions along with our previously announced recapitalization better position the company to pursue an eventual up-listing to a national exchange," stated Michael Abrams, Bond Labs' Chief Financial Officer.
John Wilson, Bond Labs' Chief Executive Officer continued, "The name change to FitLife Brands more closely aligns our corporate identity with our company vision, and is a critical element of our focus on developing and marketing truly innovative nutritional supplements on a global basis." "Please take a moment to visit our new website at www.fitlifebrands.com, which will launch on September 30th," concluded Mr. Wilson.
About Bond Labs
Bond Laboratories is a manufacturer of innovative and proprietary nutritional supplements for health conscious consumers marketed primarily through NDS Nutrition Products ("NDS"), a wholly owned operating division. NDS sells over 50 different dietary supplements to promote sports nutrition, improved performance, weight loss and general health exclusively to GNC® franchises. Bond Labs is headquartered in Omaha, Nebraska. For more information, please visit http://www.bond-labs.com.
Forward-Looking Statement
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this news release. Such factors may include, but are not limited to: the ability to of the Company to continue to grow revenue; the Company's ability to continue to achieve positive cash flow given the Company's existing and anticipated operating and other costs; and the outcome of the Company's pending litigation with the U.S. Department of Labor and our former President alleging violations of certain unlawful employment practices in connection with his separation from the Company. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in The Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Surety Financial Group, LLC
Bruce Weinstein, 410-833-0078
KEYWORDS: United States North America Nebraska
INDUSTRY KEYWORDS:
The article Bond Labs Completes Recapitalization and Name Change 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
