Bankruptcy Courts Approve IdeaSphere/Twinlab Deal

Bankruptcy Courts Approve IdeaSphere/Twinlab Deal

HAUPPAUGE, N.Y.Twinlab Corp.(OTCBB: TWLBE) reported Oct. 31 the United States Bankruptcy Court for the SouthernDistrict of New York approved the sale of all assets of Twinlab to IdeaSphereInc. in Grand Rapids, Mich. The asset sale, which is expected to close by theend of the year, remains subject to the satisfaction of standard and customaryconditions of closing, including the receipt of regulatory approvals.

I saw potential for a partnership with IdeaSphere thatcould not only reshape this company, but also reshape the industry, said RossBlechman, Twinlab chairman, president and chief executive officer. Inaddition to its desire to maintain the companys employees, IdeaSphere iscommitted to the high-quality, science-based philosophy that has been a hallmarkof the Twinlab brand.