Green Mountain Development Corp Merges RNL USA Into New Natural Healthcare Operating Division
June 25 2012 - 4:08PM
Marketwired
Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS:
GMND), announced the company has acquired RNL USA Limited (RNUL)
and set up the wholly owned subsidiary as the first member of the
new Natural Healthcare operating division. The merger negotiations
were undertaken by C. Trade Group Chairman and GMND Director Nick
Kontonicolas, who met with Rapid Nutrition Ltd (RNL) principals to
develop the merger, rollup acquisition strategy, and public company
options for RNUL. C. Trade and its affiliate network are also
assisting RNL with expansion and acquisition plans in the USA
through RNUL.
Rapid Nutrition Ltd has a strong presence in Australia, where it
is headquartered and exports to 13 countries. They have three
manufacturing facilities in India and consolidated revenues of over
USD $20 million. With the successful acceptance of Rapid Nutrition
products in the international markets, the company is now expanding
into the US market with a public company presence via GMND's
recently created Natural Healthcare division.
As part of its charter, RNUL will license marketing rights for
the Rapid Nutrition Ltd product line in the USA and Robert Brehm
and Nick Kontonicolas will become new board members of RNUL and
actively participate in developing RNUL business strategies to
increase GMND shareholder value. Rapid Nutrition Executive Director
and current CEO of Middle East and Asia Operations, Mr.
Vaidyanathan Nateshan, will become Chief Executive Officer of
RNUL.
Mr. Simon St Ledger, CEO of Rapid Nutrition, Ltd, stated, "We
are very excited to become a contributing member of the Green
Mountain family of companies. Apart from giving us access to a path
breaking biological product line, which complements our natural
products strategy, it gives us a listed platform in the US to
pursue expansion plans as we deem fit."
About Rapid Nutrition Rapid Nutrition is a
natural healthcare company focused on the research, development and
production of a range of life science products.
www.rapid-nutrition.com
The information contained in this press release includes
forward-looking statements. Forward-looking statements contain
words that may involve risks and uncertainties. The company's
actual results could differ materially from those discussed
herein.
Green Mountain Development Corp Robert Brehm 619/488-3744
bob@greenbizness.com Website www.GreenBizness.com for updates
About C. Trade Group Mr. Kontonicolas +1 917 297-5571
ctradeusa@juno.com
Green Mountain Developmnet (CE) (USOTC:GMND)
Historical Stock Chart
From Jul 2024 to Aug 2024
Green Mountain Developmnet (CE) (USOTC:GMND)
Historical Stock Chart
From Aug 2023 to Aug 2024