Vital Living To Acquire MAF BioNutritionals

Vital Living To Acquire MAF BioNutritionals

PHOENIX--Vital Living Inc. (OTCBB:VTLV) announced Oct. 23 thatit intends to acquire privately held MAF BioNutritionals of Boonton, N.J. Theagreement, which was subject to board approval and certain conditions, wasexpected to be completed in November. Vital Living would acquire MAF'soutstanding stock for 2.5 million shares of restricted Vital Living commonstock, with no registration rights, and with the assumption of certain MAF debt.

The sale, which is estimated to add $3 million to Vital Living's fiscal 2003sales, will also grant the company access to more than 2,000 dispensingpractitioners in addition to numerous retail accounts, health clubs and vitaminstores.

The acquisition would reportedly combine the strengths of each company'sexisting staffs and facilities.

In other company news, Leslie C. Quick III joined the Vital Living board ofdirectors. He is the chairman and chief executive officer of Fleet SecuritiesInc., based in Jersey City, N.J.