GNC Issues Statement Regarding Federal Enforcement Actions

Nov 17, 2015, 20:45 ET from GNC Holdings, Inc.

PITTSBURGH, Nov. 17, 2015 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC), a leading global specialty retailer of health and wellness products, issued the following statement today in response to enforcement actions announced by federal authorities.

"We are aware of the actions taken today by the Department of Justice (DOJ) and other federal agencies with respect to USP Labs.  As soon as GNC was made aware of this investigation, the Company provided its full cooperation.  

GNC is committed to maintaining the trust and confidence of our customers, and we have rigorous policies and procedures in place with respect to third party vendors and suppliers to ensure that they meet the highest standards of compliance and accountability.  We regularly review those policies and augment them as necessary in an effort to ensure they are as robust and rigorous as possible.

We also demand that all GNC employees adhere to the highest legal and ethical standards and have a zero tolerance policy for actions that deviate from those standards.  Any employee in violation of our compliance policies would be immediately dismissed from the Company.

GNC will continue to play a leading role in setting industry quality and compliance standards, as we always have. We are committed to providing our customers with the highest quality products available, using the purest and most effective ingredients, to help them live healthier lives."

About GNC Holdings, Inc.

GNC Holdings, Inc.  (GNC) - headquartered in Pittsburgh, PA - is a leading global specialty health, wellness and performance retailer.

The Company's foundation is built on 80 years of superior product quality and innovation. GNC connects customers to their best by offering a premium assortment of vitamins, minerals, herbal supplements, diet, sports nutrition and protein products.  This assortment features proprietary GNC - including Mega Men®, Ultra Mega®, Total LeanTM, Pro Performance®, Pro Performance® AMP, Beyond Raw®, GNC PuredgeTM, GNC GenetixHD®, Herbal Plus® - and nationally recognized third-party brands.

GNC's diversified, multi-channel business model generates revenue from product sales through company-owned retail stores, domestic and international franchise activities, third-party contract manufacturing, e-commerce and corporate partnerships.  As of September 30, 2015, GNC had more than 9,000 locations, of which more than 6,700 retail locations are in the United States (including 1,062 franchise and 2,319 Rite Aid franchise store-within-a-store locations) and franchise operations in more than 50 countries.

Contacts

Sard Verbinnen & Co. Bryan Locke/Bob Rendine/Ellen Davis, 212-687-8080 blocke@sardverb.com rrendine@sardverb.com edavis@sardverb.com

SOURCE GNC Holdings, Inc.