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MusclePharm(R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround… More
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MusclePharm(R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MusclePharm's growing portfolio of products.
The Company expects to achieve over $4 million in sales for the full year of 2010, which is over 300% growth compared to the same period last year. The rapid growth and strong customer demand for the MusclePharm products has created back orders for 5 of the 12 months in 2010. The new fulfillment agreement is expect to greatly improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
MusclePharm's President, Cory Gregory stated, "This fulfillment agreement will reduce the cost and delivery time for all product shipments to our many retail and online customers. In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand."
Mr. Gregory continued, "With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order. However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. The Company's propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen.
Find the members with the highest scoring picks in MSLP.
TMFStockSpam (27.56) Score: +436.05
The Score Leader is the player with the highest score across all their picks in MSLP.
Top Pick |
Member Name |
Member Rating |
Start Date |
Call |
Time Frame |
Start Price |
Stock Gain |
Index Gain |
Score | Commentary |
---|---|---|---|---|---|---|---|---|---|---|
TMFStockSpam | 27.56 | 11/18/2010 | NS | $229.50 | -100.00% | +336.05% | +436.05 | 1 Comment | ||
TMFBabo | 100.00 | 10/7/2015 | 5Y | $2.65 | -99.95% | +164.23% | +264.18 | 0 Comment | ||
JoeySolitro1 | 99.94 | 10/19/2015 | 5Y | $3.89 | -99.97% | +157.96% | +257.93 | 0 Comment | ||
MMCapitalMgmt | 95.73 | 10/21/2015 | 5Y | $3.90 | -99.97% | +156.90% | +256.87 | 0 Comment |
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