Vital Living Completes MAF Acquisition
January 6, 2003
1 Min Read
Vital Living Completes MAF Acquisition
PHOENIX--Vital Living Inc. (OTCBB:VTLV), thePhysician Nutraceutical Company, concluded its acquisition of the privately heldMAF BioNutritionals of Boonton, N.J. Vital Living's board of directorsunanimously approved the deal, in which the company would acquire alloutstanding MAF stock for 2.5 million shares of restricted Vital Living commonstock, with no registration rights. Certain MAF debt has also been acquired aspart of the terms of the deal.
Reportedly, this acquisition will bring in sales of $3 millionfor 2003; the deal will also give Vital Living immediate access to more than2,000 existing dispensing practitioners, in addition to many retail accounts,health clubs, vitamin stores and lifestyle accounts.
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