CORAL SPRINGS, Florida,
November 3, 2016 /PRNewswire/ --
The global sports nutrition, energy drinks, nutraceutical
markets are benefitting off the increasing trend of consumers
becoming more health conscious and in turn spending more dollars in
various areas of the fitness and health sectors. Factors such as
rapid urbanization, rise in disposable income, and introduction of
new ingredients in nutrition products are driving the market.
Companies in focus this week include: GNC Holdings, Inc.
(NYSE: GNC), Scepter Holdings, Inc. (OTC: BRZL), Herbalife Ltd.
(NYSE: HLF), Monster Beverage Corporation (NASDAQ: MNST) and
MusclePharm Inc. (OTC: MSLP)
Scepter Holdings, Inc. (OTC: BRZL), announced today
the Company has signed a definitive agreement merging Scepter
Holdings, Inc. with F3 Innovations, a Holding Company for Colorado
Based Sports Nutrition company Intensity Nutrition. The
parties have signed a definitive agreement dated November 1, 2016, to merge F3 Innovations into
the Scepter Holdings Inc. (BRZL) public company. Under the
terms of this Agreement, the surviving entity Scepter Holdings Inc.
will change its name to F3 Innovations. Along with the new name
will come a symbol change, and once approved by FINRA
will reflect the new company and direction. Scepter Holdings
will cease all other operations and is excited to move into the red
hot Sports Nutrition sector. It believes the combination of a
growing industry, a team with over 30 years experience in this
industry, and a rapidly expanding sector will be the key to success
for its shareholders.
Read the full BRZL Press Release
at: http://marketnewsupdates.com/news/brzl.html
Intensity Nutrition, a Sports Nutrition company, originally
founded by an ex-Navy Seal and was recently acquired by an Industry
Executive with many years experience. Intensity Nutrition is a
company based in the Denver
Colorado area, which in recent years has created a hotbed of
MMA/UFC athletes and training centers as well as Sports Nutrition
development. Intensity Nutrition products has been
now been approved as a vendor on Amazon.com and an
approved Vendor for Clickbank.com F2 Innovations/dba
Intensity Nutrition is excited for this transition to becoming a
publicly traded company, which will help gain a larger foothold in
the industry, as well as, become one of the fastest growing
companies to hit the market since the likes of MusclePharm
Inc. (OTCQB: MSLP) and Black Stone Labs to name a few.
In other market news and financial reporting
announcements:
GNC Holdings, Inc. (NYSE: GNC) closed
up Wednesday at $13.42 on
over 3.5 Million shares traded by the market close. GNC
recently reported consolidated revenue of $628.0 million, a decrease of 8.1% as compared
with consolidated revenue of $683.4
million for the third quarter of 2015. As previously
announced, beginning in the second quarter of 2016 the Company
changed its reportable segments. Revenue in the U.S. &
Canada segment decreased by 7.0%,
revenue in the International segment decreased 18.7%, and revenue
in the Manufacturing / Wholesale segment, excluding intersegment
sales decreased 0.5%.
Herbalife Ltd. (NYSE: HLF) closed down on
Wednesday at $55.46 on above
daily average trading volume of over 10.1 Million shares
traded. HLF recently reported third quarter 2016 volume
growth of 6% and net sales of $1.1
billion, reflecting an increase of 2%, each compared to the
prior year period. Third quarter net sales, excluding the impact of
currency, grew by 5%. On a reported basis, third quarter 2016 net
income was $87.7 million, or
$1.01 per diluted share, compared to
net income of $93.6 million or
$1.09 per diluted share for the third
quarter in 2015.
Monster Beverage Corporation (NASDAQ: MNST) closed
up slightly on Wednesday at $144.29 on over 750,000 shares traded by the
market close. MNST recently announced that results for its
third quarter ended September 30,
2016 will be released Thursday, November 3, 2016, after
the close of the market. The Company will host an investor
conference call that same day at 2 p.m. Pacific Time on
which Rodney Sacks, chairman and
chief executive officer, and Hilton
Schlosberg, vice chairman and president, will review
Monster's financial results and operations.
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