Effective July 26, 2010, MusclePharm Corporation entered into a Joint Development, Manufacturing, Distribution and Marketing Agreement (the "Agreement") with TapouT, LLC pursuant to which the Company intends to launch a MusclePharm apparel line that includes t-shirts, sweat suits, shorts and other active wear items. Under the Agreement, the Company and TapouT will jointly develop MusclePharm branded mixed martial arts apparel and accessories. TapouT currently has distribution in over 20,000 retail stores worldwide, as well as online, including a full line of fighter gear, men's, women's, youth and accessories.
The Agreement provides that the Company engages TapouT to be MusclePharm's exclusive provider of distribution services for a three year term on a world-wide basis. These services include coordination of manufacturing and shipment of the products, coordination of sales of and fulfillment of orders for the products and the related billing and collections from customers, and consultation and recommendations with respect to product creation, branding, advertising, marketing and promotion. In addition MusclePharm grants to TapouT the sole and exclusive right and license to manufacture anywhere in the world, and distribute and sell the products through the channels of distribution and retail stores mutually agreed to by the parties.
In consideration for TapouT performing the distribution services described above, TapouT will receive or retain fifty percent of the net profits from the sales of the products.
MusclePharm products are currently available in 1,200 of the top General Nutrition Centers (GNC) in the United States, as well as Vitamin Shop. MusclePharm’s award-winning products — Assault(R), Battle Fuel(R), Bullet Proof(R), Combat Powder(R), Recon(R) and Shred Matrix(R) — are also available online at gnc.com, bodybuilding.com, amazon.com and many other locations.
MusclePharm’s top management has extensive experience in the sports world and has harnessed this drive and focus into building a business to benefit its customers and help Fuel The Athlete Inside™. Headquartered in Aurora, Colorado, the company is a fast-growing developer and manufacturer of safe, scientifically approved, nutritional supplements that are free of banned substances and tested by athletes.
They are designed to help athletes, bodybuilders, weightlifters and fitness enthusiasts improve their performance. Each and every MusclePharm product is the end result of an advanced six-stage research and testing protocol involving the expertise of top nutrition scientists.
Find out more about MusclePharm at www.musclepharm.com
Global High Income Fund Inc. (NYSE:GHI), a non-diversified, closed-end management investment company seeking high current income and secondarily, capital appreciation through investments primarily in securities of emerging market debt issuers, recently announced its distribution characteristics for the month of September 2010.
Global High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by UBS Global Asset Management Inc. The fund invests in fixed income markets across the globe. Global High Income Fund Inc. was formed on February 23, 1993 and is domiciled in the United States.
Find out more about GHI at: http://www.ubs.com
Global Indemnity (Nasdaq:GBLI) recently announced that Stephen A. Cozen, Esq. is retiring from its Board of Directors effective at year-end, and Mary R. Hennessy, FCAS, has joined the Board effective September 20, 2010.
Global Indemnity plc, through its subsidiaries, provides admitted and non admitted specialty property and casualty insurance products worldwide. GBLI offers workers' compensation, property, general liability, marine, professional lines, and commercial automobile insurance products through a network of wholesale general agents, program administrators, and wholesale brokers. The company is based in Dublin, Ireland.
Find out more about GBLI at: http://www.globalindemnity.ie
Global Industries, Ltd. (Nasdaq:GLBL) announced recently that its Brazilian business unit has been awarded a project for design, engineering, procurement, fabrication, installation and pre-commissioning to be performed in the Northeast region of Brazil. The project, worth approximately US$90 million, will be mainly performed by the DLB Iroquois, a pipelay and offshore construction vessel, with the support of a diving vessel. Engineering, procurement, and fabrication for the project will begin in Q4 2010, with execution of the project beginning in 2011.
Global Industries, Ltd., together with its subsidiaries, provides construction and subsea services to the offshore oil and gas industry. GLBL's services include pipeline construction, platform installation and removal, project management, construction support, diving services, diverless intervention, and marine support services. Its customers include oil and gas producers, and pipeline companies. The company was founded in 1973 and is headquartered in Carlyss, Louisiana.
Find out more about GLBL at: http://www.globalind.com
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