AMHERST, N.Y., May 28, 2008 (PRIME NEWSWIRE) -- HealthSport, Inc. (OTCBB:HSPO), a fully integrated developer, manufacturer and marketer of nutritional supplements and drug actives in a patented edible film strip delivery system, announced today that Unico Holdings, Inc. (http://www.unico-holdings.com), a Florida-based company, has received an initial purchase order for HealthSport's Private Label Pediatric Electrolyte Strips from one of the nations top drug retailers.
"This is a great start for our relationship with Unico", said Robert Kusher, CEO of HealthSport, Inc. "Unico has already proven how they are committed to over deliver on our 5-year agreement. These initial purchase orders represent over 200,000 cassettes of our grape and orange Pediatric Electrolyte Strips for distribution through the country's largest pharmacy retailers and wholesalers. This will materially enhance our revenues in the third quarter. Once you annualize this initial volume, and evaluate the additional retailers who have already accepted our Pediatrics strips, you'll then understand why we are even more excited than before about our partnership with Unico. Leveraging the benefits of our RASER (Rapid Acting, Side Effect Reducing) technology with the knowledge and expertise that Unico's team brings to the table will open many doors for current and future product development."
"We are confident that pooling the resources and strengths of our two companies will prove to be a successful formula," said Ed Finnegan, CEO of Unico Holdings, Inc. "We've presented to all our major customers and the reception to these new and innovative Pediatric Electrolyte Strips has been incredible. These initial purchases orders are just the beginning of what we believe will be a hugely successful new product launch in 2008. HealthSport's Pediatric Electrolyte Strips are a perfect fit for our retailers Oral Electrolyte Maintenance category. They have been longing for something truly new and innovative. Pediatric Electrolyte Strips are fast-acting, taste great, easy to use and are convenient for home or travel, anytime and anywhere."
About Unico Holdings, Inc.
Unico Holdings Inc., (http://www.unico-holdings.com) is a leading independent manufacturer of private label health and personal care products. Headquartered in Lake Worth, Florida, Unico's product offering includes pediatric electrolyte solutions and personal care products. The Company markets its products through numerous sales channels, including large retail merchandisers, drug store chains, grocery stores and pharmaceutical distributors. Unico's customers include most of the largest retailers and distributors in the U.S. in each of these sales channels. As part of its on-going expansion strategy, Unico will look to increase opportunities in manufacturing, developing and purchasing additional product lines and to continue expanding its customer base.
About HealthSport, Inc.
HealthSport (http://www.healthsportinc.com) is a fully integrated developer, manufacturer and marketer of unique and proprietary branded and private label edible film strip nutritional supplements and over-the-counter drugs. The Company develops products through its manufacturing and development subsidiary, InnoZen (http://www.innozen.com), and markets and distributes its products through Enlyten (http://www.enlytenstrips.com). InnoZen is the preeminent formulator, developer and manufacturer of edible film strips that deliver drug actives through buccal (between cheek and gum) absorption. InnoZen's proprietary edible film strip delivery technology is superior to any other competitive edible film strips currently available on the market. InnoZen has five patents pending and has developed numerous trade secrets which it incorporates in the development and manufacturing process of edible film strips.
Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.