Microlog Announces Satisfaction of Key Closing Condition for Acquisition of NutraBev
May 22 2013 - 10:00AM
Marketwired
Microlog Corporation ("Microlog") (PINKSHEETS: MLOG) is pleased to
announce that NutraBev Holdings International, Inc. ("NutraBev")
has closed its acquisition of Silverbow Honey Company, Incorporated
("Silverbow"). Microlog previously announced on May 15, 2013 that
it had entered into a definitive agreement (the "Agreement") with
NutraBev whereby it is contemplated that Microlog will acquire 100%
of NutraBev's common stock in exchange for 91,601.248 shares of
Microlog's preferred stock. NutraBev's acquisition of Silverbow
satisfies a key closing condition of the Agreement.
About NutraBev:
NutraBev Holdings International, Inc. acquires
revenue-generating businesses operating in the healthy lifestyle
marketplace. The company's strategy is to acquire related companies
and capitalize on synergies from manufacturing through
distribution.
About Microlog:
Microlog Corporation designs, implements and services patented
software applications that enhance the productivity of the customer
contact center experience, as well as providing consultation on a
variety of system integration options. The company's services
encompass the migration of e-commerce into the traditional call
center environment by Web enablement. Microlog's award winning
products support this Web enablement, as well as supporting all
inbound and outbound media, telephone, e-mail, fax, and Web for
contact centers.
Forward-Looking Statements: This release
may contain forward-looking statements. Forward-looking statements
involve known and unknown risks, uncertainties, and other factors,
which may cause the actual results, performance, or achievements of
Microlog or NutraBev to be materially different from any future
results, performance, or achievements expressed or implied by the
forward-looking statements. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of such statements.
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Media Contact(s): Richard Meccarielli Microlog
Corporation (703) 981-0758 richm@mlog.com David Sackler NutraBev
Holdings International, Inc. dsackler@nutrabev.com
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