OraLabs Announces Termination of Stock Exchange Agreement
November 09 2005 - 6:54PM
Business Wire
OraLabs Holding Corp. (NASDAQ: OLAB) announced that it was informed
today by NVC Lighting Investment Holdings Limited ("NVC") that NVC
is terminating the Stock Exchange Agreement. There are no early
termination penalties either incurred by OraLabs or paid to
OraLabs. OraLabs, Inc. manufactures Ice Drops(R) brands oral care
products; Sour Zone(TM) brands sour products; and Lip Rageous(R),
Lip Naturals(R), Chap Ice(R), Extra Lip Moisturizer, Leashables(R),
Chapgrip(R), Soothe & Shine(R) brands of lip balm. The product
line includes breath drops and sprays, sour drops and sprays, lip
balms and a variety of private label products. The Company
distributes 5HTP, as its only dietary supplement; additionally the
Company distributes Sanell (TM) hand sanitizer and Eyelieve (TM)
sterile eye products. The Company's products are currently sold in
the USA nationally as well as numerous foreign countries. The
products are sold through wholesale distributors as well as by
direct sale to mass retailers, grocery stores, convenience stores
and drug stores. Forward-Looking and Cautionary Statements Except
for historical information and discussions contained herein,
statements included in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements involve a number of risks,
uncertainties, and other factors that could cause results to differ
materially, as discussed in the Company's filings with the
Securities and Exchange Commission.
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