Twinlab Consolidated Holdings Acquires Organic Holdings LLC

NEW YORK, Oct. 6, 2015 /PRNewswire/ -- Twinlab Consolidated Holdings, Inc. (OTCPK: TLCC), ("TLCC" or the "Company") through its wholly-owned subsidiary Twinlab Consolidation Corporation ("TCC") has successfully completed its acquisition of Boca Raton, Florida-based Organic Holdings LLC, the distributor of the well-known premium nutritional supplements under the Reserveage™ Nutrition family of brands. The transaction closed as of this past Friday, October 2, 2015.

Under the stewardship of its visionary founder and CEO, Naomi Whittel, Reserveage Nutrition has become a leading innovator and market leader in the premium anti-aging segment of the natural products industry, most particularly in the Beauty from Within and Resveratrol supplement categories. Ms. Whittel will become an Executive Vice President of TCC.

TCC's Chief Executive Officer, Tom Tolworthy said, "Naomi and her team have built a truly remarkable company with a sales and marketing team that is second to none. The combination of Reserveage Nutrition's award winning brands and loyal customer following with Twinlab's 47-year legacy of consumer trust and captive manufacturing capability is in lock step with our business plan to extend our reach into the consumer market as well as into the supply chain. The portfolio of products within Reserveage Nutrition are nearly 100% accretive to the product portfolio of TCC, thus extending our category representation by almost 40%. Reserveage Nutrition's direct-to-consumer capability through QVC extends TCC's distribution into another consumer channel not currently being served by the company. By strengthening our product portfolio and extending our distribution reach, TCC will provide higher value offerings and service to customers in all channels of distribution, most particularly, to customers in the natural products channel. Together, we believe our customers, partners and consumers around the world will benefit through greater choice and an improved brand experience."

Tolworthy continued, "We believe that the combination of our two companies will result in increased value for all of our stakeholders. The value created through significant operational synergies, more entrenched relationships with our customers, an award winning portfolio of products, channel penetration deep into the consumer market, and world-class manufacturing will enable TCC to accelerate its strategy to grow and build scale on a global basis, and influence positive change through industry leadership."

"This is an especially exciting time for both the Twinlab and Reserveage teams and the opportunities ahead of us are limitless," added Ms. Whittel, Founder and CEO of Reserveage Nutrition.  "At Reserveage, our past success and driving passion have been centered on a commitment to develop and sell the highest quality, scientifically-proven natural products in our industry, and partner with our customers to help provide best-in-class service and education.  This will not change, but with the latest transaction and support of the TCC team, we will be in a stronger position to even better service our consumers and customers."

Whittel continued, "We have found the ideal business partner in TCC, and along with its CEO, Tom Tolworthy, we share a strong vision that calls for revolutionizing the health and wellness industry thru efficacious products that nourish the body, responsible sourcing deploying traceability and sustainability, and protection of the planet both ecologically and socially. All of us at Reserveage Nutrition are excited to be joining the TCC family of companies."

About Twinlab Consolidated Holdings, Inc.
Twinlab Consolidated Holdings, Inc., is the parent holding company of Twinlab Consolidation Corporation, an industry-focused health and wellness company committed to developing top brands.  With a strong focus on employee ownership, TLCC aligns the interest of all stakeholders and has a portfolio of products that are made in America using the finest ingredients from around the world. In addition to its namesake brand, Twinlab®, established in 1968, TLCC, through TCC and its subsidiaries, also manufactures and sells other well-known category leaders including the Metabolife® line of diet and energy products; the Twinlab® Fuel line of sports nutrition products; Alvita® teas, established in 1922 as a single-herb tea line; Trigosamine® joint support products as well other health and wellness brands. TCC also owns NutraScience Labs, which serves as its contract manufacturing division. Twinlab's manufacturing facility located in American Fork, Utah is an NSF GMP and NSF GMP for Sport certified facility. Visit www.tchhome.com for more information.

About Organic Holdings LLC
Founded in 2009, Organic Holdings LLC distributes premium supplements under the Reserveage™ Nutrition and a family of brands.  Inspired by the wisdom of nature and the healthiest cultures around the world, the company travels the globe in search of the finest ingredients and employs the highest standards of sourcing and manufacturing to deliver nutritional supplements consumers can trust. The company is devoted to providing high-quality ingredients in essential, science-based products.  Offering innovative products that nourish your body and preserve traditional culture is core to the company's mission.

Forward Looking Statements
Statements we make in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, those risks set forth in the "Item 1A. Risk Factors" section of the Annual Report on Form 10-K filed by TLCC with the Securities and Exchange Commission on March 31, 2015 as updated by TLCC's other SEC filings. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Twinlab Consolidated Holdings, Inc.

Related Links

http://www.tchhome.com