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Effective July 26, 2010, MusclePharm Corporation (the "Company") 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 Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced that the National Association of People with AIDS (NAPWA) requests the approval of MusclePharm’s Recon nutritional supplement to the New York State Medicaid list of prescription medications.
MusclePharm’s Recon Nutritional Supplement contains important amino acids, assisting in reaching the higher levels of nutrition required for people living with HIV. MusclePharm’s Recon Nutritional Supplement is easily digestible, helps the absorption of amino acids and proteins. It contains essential minerals, digestive enzymes, Glutamine and other metabolic agents that maximize recovery, protein synthesis and endurance.
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, MusclePharm is a fast-growing developer and manufacturer of safe, scientifically approved, nutritional supplements that are free of banned substances and tested by athletes.
Find out more about MusclePharm at www.musclepharm.com
Heritage Oaks Bancorp (Nasdaq:HEOP) recently announced that following a reevaluation of the accounting for the conversion of its Series B Preferred Stock to common shares, the company filed an amended quarterly report on Form 10-Q/A for the period ended June 30, 2010 to reflect a change in the accounting treatment for that transaction.
Heritage Oaks Bancorp operates as the holding company for Heritage Oaks Bank that provides commercial banking services to retail customers, farmers, and small to medium-sized businesses in California. The company generates various deposit products, including interest bearing and non-interest bearing demand deposits, checking accounts, savings accounts, money market accounts, certificate of deposit accounts, NOW accounts, and time deposits.
Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) plans to release its 2010 third quarter financial results, which ended September 11, 2010, after the market close on Wednesday October 20, 2010.
The company will host a conference call on Thursday October 21, 2010 at 9:30 AM Central Time, during which management will make a brief presentation focusing on the company's operations and financial results.
Heritage-Crystal Clean, Inc. provides industrial and hazardous waste services to small and mid-sized customers in the United States. It offers a range of services, including parts cleaning, containerized waste management, used oil collection, and vacuum truck services.
Herley Industries, Inc. (Nasdaq:HRLY) announced today that its Herley New England division in Woburn, Massachusetts, has received a $3 million contract from a U.S. prime contractor to produce diplexers and attenuators for use in Radar Warning Receivers (RWR). Radar warning receivers are electronic systems that detect all radar signals, determine the threat levels, and command countermeasures.
Herley Industries, Inc., together with its subsidiaries, engages in the design, development, and manufacture of microwave technology solutions for the defense, aerospace, and medical industries worldwide.
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