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MusclePharm Corporation (OTCQB:MSLP)
MusclePharm Corporation, one of the fastest growing nutritional supplement companies in the United States, announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MusclePharm's growing portfolio of products.
MSLP expects to achieve over $4 million in sales for the full year of 2010, which is over 300% growth compared to the same period last year. The rapid growth and strong customer demand for the MusclePharm products has created back orders for 5 of the 12 months in 2010. The new fulfillment agreement is expect to greatly improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
MSLP's President, Cory Gregory stated, "This fulfillment agreement will reduce the cost and delivery time for all product shipments to our many retail and online customers. In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand."
Mr. Gregory continued, "With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order. However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."
About MusclePharm Corporation
Headquartered in Denver, Colorado, MusclePharm Corporation is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. MSLP's propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MSLP is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com. For more information, please visit http://www.musclepharm.com.
PartnerRe Ltd. (NYSE:PRE) announced that its Board of Directors has declared a dividend for the period September 1, 2010 – November 30, 2010 of $0.421875 per share on the Company’s 6.75% Series C Cumulative Redeemable Preferred Shares, and $0.40625 per share on the Company’s 6.5% Series D Cumulative Redeemable Preferred Shares. The dividends will be payable on December 1, 2010, to shareholders of record on November 19, 2010.
PartnerRe Ltd., through its subsidiaries, provides reinsurance solutions worldwide. The company offers property reinsurance coverage to insurers for property damage or business interruption losses resulting from fires, catastrophes, and other perils covered in industrial and commercial property, and homeowners’ policies.
Compass Minerals International Inc. (NYSE:CMP) The board of directors of Compass Minerals (NYSE:CMP) has declared a quarterly cash dividend of $0.39 per share payable on December 15, 2010, to shareholders of record at the close of business on December 1, 2010.
Compass Minerals International, Inc., through its subsidiaries, engages in the production and marketing of inorganic mineral products in North America and the United Kingdom. The company operates in two segments, Salt and Specialty Fertilizer.
InterOil Corporation (NYSE:IOC) announced financial and operating results for the third quarter ended September 30, 2010. InterOil Chief Executive Officer Phil Mulacek commented, "Our efforts to monetize our discovered resources have advanced significantly over the past several months. We are very pleased that we have been able to maintain our successful track record and continue to deliver on our commitments to our shareholders. Our delineation drilling results further demonstrate the value of our reservoir at Antelope 2, and the Heads of Agreement with Energy World Corporation, Ltd. is another step forward in our strategy to monetize our liquid resources at the Elk and Antelope fields. These achievements, combined with our strong balance sheet and the recently completed public offering, should support our continued growth and operational success.
InterOil Corporation, together with its subsidiaries, primarily engages in the exploration and production of oil and gas properties in Papua New Guinea. The company holds interests in four petroleum prospecting licenses covering approximately 4.7 million gross acres in Papua New Guinea.
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