Golden Cross
5 años hace
Twinlab Consolidation Corporation selects Woodfield Distribution LLC as new 3PL provider and bottling partner
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November 13, 2019 15:46 ET | Source: Twinlab Consolidated Holdings
BOCA RATON, Fla., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Twinlab Consolidated Holdings, Inc. (OTCPK:TLCC) (“TCC” or “Twinlab”) and Woodfield Distribution LLC both based in Boca Raton, FL announce a collaboration expanding the city’s reputation as a health and wellness industry hub.
Twinlab Consolidation Corporation (TLCC), founded in 1968, makes and markets dietary supplements under multiple popular brand names including Twinlab, Reserveage, REAAL, Re-Body and Metabolife. When the company began seeking a partner to assist with manufacture, storage, order fulfillment, packaging and labeling of their high-quality products, they literally looked out their window and ultimately selected WDSrx – Woodfield Distribution, LLC, a Logistics Services Provider specializing in prescription and over-the-counter medications, dietary supplements and nutritional foods.
The relationship between the two nationally-recognized companies spans multiple projects and involves several facilities. Brands within the Twinlab family are shipped and stored at WDSrx regulatory compliant facilities located in Boca Raton. Strict requirements established by law and enforced by the U.S. Food and Drug Administration are maintained in all WDSrx warehouses to assure product integrity and consumer safety. Twinlab supplements and all products in WDSrx facilities are regulated for constant temperature and humidity between 59-77 degrees Fahrenheit. WDSrx adheres to rigorous pharmaceutical-grade standards for personal and warehouse cleanliness, product tracking and tracing, licensing and distribution.
WDSrx, established in Boca Raton in 2010, provides additional on-site supply chain services including packaging and labeling that enable Twinlab to streamline their business and scale production to match future growth. Tablets and capsules are delivered in bulk to WDSrx where they are sorted, filled, sealed and labeled for storage and shipment. Modern equipment in dedicated production suites streamlines the process and assures high levels of Quality Control and Regulatory Compliance.
“Twinlab combines creative innovation with science-backed ingredients to improve lives,” states company Vice President Ryan Zackon, who oversees the collaboration. “WDSrx provides us with industry-leading logistics expertise in our immediate geographic area that help further our company mission.” According to WDSrx Vice-President Rob Gerstein, “WDSrx operates seven facilities in Florida, Ohio, New Jersey and Texas from our Boca Raton headquarters. We are proud to provide services that support the Twinlab reputation for quality among their loyal customer base that has trusted their products for over 50 years.”
Jessica Del Vecchio, Economic Development Manager for the City of Boca Raton, adds “Boca Raton supports the increasing prominence of our local healthcare industry including Twinlab and WDSrx that enhance our world-class reputation as a great place to live and work.”
For further information contact Larry Hotz (WDSrx), or lhotz@wdsrx.com or Yamit Sadok (TLCC) ysadok@twinlab.com
protagonist12
10 años hace
TLCC 1st prints:
EXCHANGE%3DOTCBB
COLUMNS=DATE,CLOSE,HIGH,LOW,OPEN,VOLUME
DATA=
a1431024480,1,1,1,1,500
30,1.1,1.1,1.1,1.1,1000
40,1.1,1.1,1.1,1.1,1000
Big Brother
10 años hace
Good question, hard to say, it will be interesting to see though.
I mean I love Twinlab products, I've taken their supplements on and off for nearly 25 years, however, with that said I don't want to get too carried away with what I'm willing to pay for this as they are still insolvent and not profitable.
Ideally it would be nice if they started out really low and let the early birds get the first crack at shares but more then likely it will start out high .75+ and settle trading at maybe in the 20-40 cents range after awhile.
pick em low
10 años hace
Still TLCC, just no movement, probably worth min 10-20c, even 30c, and there is not a lot of outstanding shares if I recall the filings. Whoever bid 1m shares at .0016, there isn't even 1m shares out there perhaps! Bid needs to be 1c min, no owners are even posting asks, they probably want to hold it. May take 5c bids to get any shares here.
Big Brother
10 años hace
Correction, if I understand this correctly, Twinlab Consolidated Corporation acquired the assets of Twinlab Corp(the supplement company) and Twinlab Consolidated Holdings is merging with Twinlab Consolidation Corporation......... making Twinlab Corp essentially a public company again. At least that's my understanding. Twinlab Corp was once a NASDAQ listed company.
I remember back in the early to mid 80's Twinlab was pretty much the premier bodybuilding supplement company, there were other companies like Weider, Universal Nutrition, etc but most of the shelves in places like GNC were dominated with Twinlab products. I know I consumed a lot of their Gainers Fuel, Arginine & Ornithine capsules back in the day.
Big Brother
10 años hace
Future stock promotion..???
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10183112
On August 28, 2014, the Company effectuated a 50 to 1 forward split (the “Forward Split”) of its issued and unissued common shares as of September 9, 2013, the record date. As a result, once the Forward Split is declared effective by the Financial Industry Regulatory Authority (“FINRA”), the issued and outstanding shares of common stock of the Company will increase from Four Million, Four Hundred Thousand (4,400,000) shares prior to the Forward Split to Two Hundred, Twenty Million (220,000,000) shares following the Forward Split. The number of authorized shares will increase from One Hundred Ten Million (110,000,000) to Five Billion, Five Hundred Million (5,500,000,000) common shares. Fractional shares will be rounded upward. Each shareholder of record will receive a dividend certificate, rather than surrendering outstanding stock certificates. The Certificate of Change specifies that the effective date of the Forward Stock Split with the Nevada Secretary of State is August 28, 2014; however, the effectiveness of the Forward Stock Split is subject to approval by FINRA.