FTC Files a Notice of Appeal against a Recent Ruling in Favour of Garden of Life
QUEBEC CITY, April 27, 2012 /PRNewswire/ - Atrium Innovations Inc. (TSX: ATB), a globally recognized leader in the development, manufacturing, and commercialization of innovative, science-based dietary supplements endorsed by health professionals, announced today that the U.S. Federal Trade Commission (FTC) filed a Notice of Appeal in the United States District Court of Southern Florida in respect of the previously announced February 2012 ruling in favour of Garden of Life, a subsidiary of Atrium, and its founder Mr. Jordan Rubin. Garden of Life believes the US District Court ruling was fair and accurate and that the Court of Appeals will affirm that decision.
About Atrium
Atrium Innovations Inc. is a globally recognized leader in the
development, manufacturing, and commercialization of innovative,
science-based natural health products endorsed by health professionals.
The Company distributes its extensive portfolio of products mainly in
the healthcare practitioner and health food and specialized store
channels, with a primary focus in North America and Europe. Atrium is
at the forefront of science, innovation and education in the dietary
supplement industry. The Company has over 1,100 employees and operates
eight manufacturing facilities. Additional information is available at www.atrium-innovations.com.
Cautionary Note and Forward-Looking Statements
This press release contains certain forward-looking statements with
respect to the Company. These forward-looking statements, by their
nature, require the Company to make certain assumptions and necessarily
involve known and unknown risks and uncertainties that could cause
actual results to differ materially from those expressed or implied in
these forward-looking statements. Forward-looking statements are not
guarantees of performance. These forward-looking statements, including
financial outlooks, may involve, but are not limited to, comments with
respect to the Company's business or financial objectives, its
strategies or future actions, its targets, expectations for financial
condition or outlook for operations and future contingent payments.
Words such as "may", "will", "would", "could", "expect", "believe",
"plan", "anticipate", "intend", "estimate", "continue", or the negative
or comparable terminology, as well as terms usually used in the future
and the conditional, are intended to identify forward-looking
statements. Information contained in forward-looking statements is
based upon certain material assumptions that were applied in drawing a
conclusion or making a forecast or projection, including management's
perceptions of historical trends, current conditions and expected
future developments, as well as other considerations that are believed
to be appropriate in the circumstances. The Company considers these
assumptions to be reasonable based on information currently available
to it, but cautions the reader that these assumptions regarding future
events, many of which are beyond its control, may ultimately prove to
be incorrect since they are subject to risks and uncertainties that
affect the Company and its business.
For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the Company's quarterly and annual Management Discussion and Analysis for the fiscal year ended December 31, 2010 filed with the Canadian securities commissions. The forward-looking information set forth herein reflects the Company's expectations as at the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE ATRIUM INNOVATIONS INC.
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