WOODLAND HILLS, Calif., Oct. 6 HealthSport, Inc.(OTC Bulletin Board: HSPO) announces the Company has entered into an exclusivereseller agreement with T. Lynn Mitchell Companies, LLC (TLMC) in Tulsa,Oklahoma to develop and manufacture four initial products through theirnetwork marketing business. It is anticipated that the four products willlaunch in January 2009, and TLMC, with the execution of this agreement, placedan initial order for 30,000 cassettes to be delivered for consumer sampling byNovember 7, 2008.
Two of the four products have been formulated and tested with initialmanufacturing runs to begin within the next seven days. Pursuant to anagreement with TLMC, the nature of the products will be announced at a laterdate by TLMC.
"Our interest in HealthSport arises from the trend in the market for new,unique, high quality consumable products with competitive pricing.HealthSport's unique delivery system for nutraceuticals and supplements meetsboth the needs and desires of an enormous worldwide market. Our partnershipwill provide the platform to experience exponential sales growth for bothcompanies. We will begin revealing the details of our strategic plan toutilize this technology for the betterment of our customers in the comingmonths," stated Lynn Mitchell, TLMC President.
"This marks our second major agreement, along with Unico, that furthersour business strategy of focusing on developing new products and performingmanufacturing using our proprietary technology for the nutraceutical deliveryon a thin film strip. Based upon TLMC's projected product delivery dates,along with the current customers projected product reorders, the Company canbecome cash flow positive beginning in March 2009," stated Hank Durschlag,CEO, HealthSport, Inc.
About T. Lynn Mitchell Companies
T. Lynn Mitchell Companies is a full-service organization with a historyof developing strategic business plans, conducting the market researchnecessary to validate those plans, and building financial models that attractinvestors, secure financing and support steady growth. TLMCO is particularlyrecognized for its leadership in consumer marketing as well as its commitmentto helping manufacturers and retailers understand their markets better.
About HealthSport, Inc.
HealthSport, Inc. (http://healthsportinc.com) is a fully integrateddeveloper, manufacturer and marketer of unique and proprietary branded andprivate label edible film strip nutritional supplements and over-the-counterdrugs. HealthSport's wholly-owned subsidiary, Innozen, Inc.(http://www.innozen.com), is the preeminent formulator, developer andmanufacturer of edible film strips that deliver drug actives through buccal(between the cheek and gum) absorption. Innozen's proprietary edible filmstrip delivery technology is superior to any other competitive edible filmstrips currently available on the market. Innozen has five patents pendingand has developed numerous trade secrets which it incorporates in thedevelopment and manufacturing process of edible film strips.
Forward-Looking Statements in this news release are made pursuant to theSafe Harbor Provisions of the Private Securities Litigation Reform Act of1995. These forward-looking statements are subject to certain risks, anduncertainties and actual results could differ from those discussed. Thismaterial is information only, and is not an offer or solicitation to buy orsell the securities.
SOURCE HealthSport, Inc.