Globe Newswire – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for
Life” or the “Company”), Smart for Life, Inc. (Nasdaq: SMFL)
(“Smart for Life” or the “Company”), a high growth global leader in
the Health & Wellness sector marketing and manufacturing
nutritional foods and supplements worldwide, today announced that
it has entered into a distribution agreement with Boxout, a
national distributor of medical, rehabilitation, and health &
wellness products, for nationwide distribution of the Company’s
proprietary Sports Illustrated Nutrition products through Boxout’s
distribution channels to sports and fitness chains across North
America.
Smart for Life acquired GSP Nutrition Inc.
(“GSP”) in December 2021. GSP, a sports nutrition company, secured
the license to manufacture and distribute nutritional supplements
for athletes and active lifestyle consumers under the Sports
Illustrated Nutrition brand in 2020. The Sports Illustrated
Nutrition product line currently consists of whey protein powder,
joint health, pre-workout and post-workout blends, omega-3
supplements, and Sports Illustrated protein bars.
“Smart for Life is excited to announce our
agreement with Boxout for the distribution of Sports Illustrated
Nutrition products in gyms and spas across the United States,”
stated Darren Minton, Chief Executive Officer of Smart for Life.
“Boxout works with over 1,300 leading brands and we are thrilled to
partner with them to include Sport Illustrated Nutrition in their
distribution offering. More specifically, we will be distributing
the Sports Illustrated Nutrition products through Boxout’s Elivate
division, which focuses on the industry’s leading fitness clubs and
gyms, serving locations nationwide.”
“Our relationship with Boxout expanded when
Ceautamed Worldwide was acquired by Smart for Life last year,” said
Ryan Benson, Ceautamed’s CEO. “Ceautamed’s Greens First product
line was the only nutritional brand at Smart for Life that had an
exclusive relationship with Boxout and now we are proud to say that
Sports Illustrated Nutrition will be their second. We look forward
to working with Boxout and leveraging their broad distribution
network.”
“Working with Smart for Life has been a pleasure
and we look forward to launching the Sports Illustrated product
line in sports and fitness chains across North America,” said
Steven Copperman, Boxout’s Vice President. “We have been impressed
with the entire line of Sports Illustrated Nutrition products and
believe they will see considerable demand through our broad
distribution network. The feedback on the taste profile of the
Sports Illustrated protein bars in particular have been a home
run.”
To learn more about the Sports Illustrated
Nutrition line of vitamins, supplements and protein bars, please
visit: www.sportsillustratednutrition.com.
About BOXOUT®
Boxout is a national distributor of
chiropractic, physical therapy, rehabilitation, health and wellness
equipment and supplies operating under the MeyerDC®,
MeyerPT®, ELIVATE® and Milliken Medical® brands. The
company's headquarters are in Cleveland, OH with
distribution centers in Ohio, Florida, Texas,
and California. To learn more about Boxout please spend some
time at www.boxouthealth.com.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged
in the development, marketing, manufacturing, acquisition,
operation and sale of a broad spectrum of nutritional and related
products with an emphasis on health and wellness. Structured as a
publicly held global holding company, the Company is executing a
Buy-and-Build strategy with serial accretive acquisitions creating
a vertically integrated company with an objective of aggregating
companies generating a minimum of $300 million in revenues by the
fourth quarter of 2026. To drive growth and earnings, Smart for
Life is developing proprietary products as well as acquiring other
profitable companies, encompassing brands, manufacturing and
distribution channels. The Company currently operates five
subsidiaries including Doctors Scientific Organica, Nexus Offers,
Bonne Santé Natural Manufacturing, GSP Nutrition/Sports Illustrated
Nutrition and Ceautamed Worldwide/Greens First. For more
information about Smart for Life, please visit:
www.smartforlifecorp.com.
Video regarding the Company’s manufacturing facility at Bonne
Santé Natural Manufacturing is available at:
www.bonnesantemanufacturing.com/video.
Investor material and a Fact Sheet with additional information
about Smart for Life is available at:
www.smartforlifecorp.com/investor-center.
About Sports Illustrated
Sports Illustrated (SI) is an unparalleled and
influential leader recognized for shaping modern culture and
uniting athletes, teams and fans worldwide. At the intersection of
sports, lifestyle and entertainment, Sports Illustrated is a
360-degree enterprise that delivers immersive content, innovative
digital experiences, unforgettable events, and original products.
Its award-winning media arm brings powerful storytelling to life
through probing profiles and up-to-date news on SI.com, across
social media platforms and through the monthly print magazine. The
most trusted name in sports transcends media through SI Tickets, a
fan-first ticketing platform, SI Sportsbook, a digital sports
betting platform, SI Studios, the brand’s home for film, TV, and
long form audio content. SI brings its unique and authentic
perspective to marquee events and captivating brand activations
including The Sportsperson of the Year Awards, “The Party”, SI
Swimsuit Launch Weekend and the SI Circuit Series. For more
information, visit SI.com. Follow Sports Illustrated on Twitter,
Instagram, Tik Tok and Facebook.
Forward-Looking Statements
This press release may contain information about
our views of future expectations, plans and prospects that
constitute forward-looking statements. All forward-looking
statements are based on management’s beliefs, assumptions and
expectations of Smart for Life’s future economic performance,
taking into account the information currently available to it.
These statements are not statements of historical fact. Although
Smart for Life believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Smart
for Life does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. No assurances can be made that Smart for Life
will successfully acquire its acquisition targets. In addition, Mr.
Wood’s views contained in the accompanying video are his own and
not intended as investment advice. Forward-looking statements are
subject to a number of factors, risks and uncertainties, some of
which are not currently known to us, that may cause Smart for
Life’s actual results, performance or financial condition to be
materially different from the expectations of future results,
performance or financial position. Actual results may differ
materially from the expectations discussed in forward-looking
statements. Factors that could cause actual results to differ
materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions and other risks set forth in “Risk Factors”
included in our filings with the Securities and Exchange
Commission.
Investor Relations Contact
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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