Bio Lab Naturals News
Bio Lab Naturals, Inc. Issues Corporate Update to Shareholders
3:36p ET May 16, 2011 (Market Wire)
Bio Lab Naturals, Inc. (PINKSHEETS: BLAB) issued a corporate update to shareholders to discuss recent Corporate actions.
James L. Powers, Jr. President of Bio Lab Naturals, Inc., said:
"We are pleased to announce that the Company has completed the acquisition of Ribbon Naturals Corporation with an exchange of its shares for all of the Ribbon Naturals Corporation outstanding shares. By combining Bio Lab Naturals, Inc.'s private labeled products with Ribbon Naturals Corporation retail customer base, products and operations we expect to realize faster product development and product-to-market cycles for both companies. To further facilitate that end, we have moved all inside corporate manufacturing operations to our Florida locations. With this combination, we expect to benefit from consolidation efficiencies and the industry experience of our management team, and we are confident that they will deliver the leadership and structure for significant sales growth. We have initiated actions to complete the required audits for both companies, and have engaged counsel to bring the company into full compliance as a fully reporting company under Section 12(g) of the '34' Act.
"We welcome our new shareholders, and thank them for their support and confidence in supporting this strategic combination of our companies."
Additional corporate and financial information will be released as it becomes available.
ABOUT BIO LAB NATURALS, INC.
Bio Lab Naturals, Inc. (PINKSHEETS: BLAB) is a nutraceutical company with multiple product offerings built upon our proprietary specialized protein extract derived from deer velvet antler. We have products focused on specific health professional and retail markets with sales being driven by online promotion as well as print marketing followed by direct contact with buyers for stores or user groups. We are vertical in our operations with in-house manufacturing, in-house graphics for packaging and promotion, call center operations for both in-bound and out-bound sales along with shipping and fulfillment services. For more information, please visit www.biolabnaturals.com or call Malcolm Davenport at 706-773-4445.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from the statements made herein.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
