Scepter Holdings Inc. Signs LOI to Acquire F3 Innovations, LLC/DBA Intensity Nutrition
CHICAGO, October 26, 2016 /PRNewswire/ --
Scepter Holdings, Inc. (OTC: BRZL), Scepter Holdings, Inc. is pleased to announce, following last week's appointment of Mr. Leonard Armenta as CEO and President, the signing of an LOI to acquire F3 Innovations/DBA Intensity Nutrition and all its assets.
Scepter Holdings, and its newly appointed CEO and President, Mr. Leonard Armenta, have put in motion the desire to acquire F3 Innovations/DBA Intensity Nutrition by taking the first step in signing a LOI, which after due diligence will be followed by a Definitive agreement and furthermore a symbol and name change to make this acquisition possible. Mr. Armenta believes an agreement can be reached within the next week
F3 Innovations, DBA Intensity Nutrition which was founded and developed in 2012, is now becoming an up and coming Sports Nutrition brand that was originally founded by a former Navy Seal to make products for Navy Seals, Elite Athlete's and Fitness Enthusiast.
Mr. Armenta has been instrumental in building the line of products with the founder to make a product that would be safe and add value to Navy Seals, bring the power, fuel and sustainability needs for Extreme Athlete training, to providing the simple needs of the everyday gym user. After the founder retired from Intensity Nutrition it made sense for Leonard to acquire the Intensity Nutrition brand and its assets.
After coming on board as CEO of Scepter Holdings Inc., Mr. Armenta felt it would bring great shareholder value to acquire F3 Innovations, LLC/DBA Intensity Nutrition. Mr. Armenta is an expert in the Sports Nutrition industry with many years of knowledge of running all aspects of a company. He was very instrumental in the growth of MusclePharm (MSLP) from concept to a major Player as well as the growth of many other companies in the Sports Nutrition Industry. "I am very excited to bring this brand into the Scepter Holding portfolio. Aligning these two companies together will allow Intensity Nutrition to take the next step in it's growth phase all while bringing great value to the shareholders of BRZL/Scepter Holdings Inc. and give the Shareholders something to be excited about again.
For more information on Intensity Nutrition, its brand, products, and athletes please visit http://www.intensitynutrition.com
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Scepter Holdings/ F3 Innovations/ DBA Intensity Nutrition., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Scepter Holdings/ F3 Innovations/ DBA Intensity Nutrition Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Scepter Holdings/ F3 Innovations/ DBA Intensity Nutrition Inc.'s filings.
Contact: Leonard K Armenta Jr, +1-303-953-2211
SOURCE Scepter Holdings, Inc.
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