MONTREAL, March 31 /CNW Telbec/ - Ranaz Corporation ("Ranaz" or the
"Company") (TSX-V: RNZ), a company specializing in the manufacturing and
marketing of protein and dietary supplements, is pleased to announce that its
Galaxy Fitness subsidiary has concluded an exclusive worldwide distribution
agreement with Europa Sports Products, Inc., one of the largest distributors
of supplements and nutrition products for the sports world in the United
States, with revenues of over $150 million in 2007.
Galaxy Fitness creates and markets the Morph and Midget bars, which are
presently sold to fitness centers and specialty chains through Europa Sports's
network. "This agreement will allow us to significantly increase the scope of
sales of our Morph and Midget products, as well as coming products for this
high-growth market," said Martin Vidal, President of Galaxy Fitness and
Executive Vice President and Chief Financial Officer of Ranaz. "Creation and
marketing of these high-margin products are an integral part of our core
business, which gives us an important edge over our competitors."
"Galaxy Fitness's products meet the criteria of the markets we serve,"
said Eric Hillman, CEO of Europa Sports. "Midget and Morph products are very
popular within fitness centers, and we firmly believe that we can distribute
them on a larger scale via the existing network of more than
About Ranaz Corporation
Ranaz is a corporation specializing in the manufacture and marketing of
protein and dietary supplements. Its mission is to design, develop and market
nutritional, protein and dietary supplements under its own corporate brands
and concepts, such as Protidiet and ProtiLife, as well as under private
Galaxy Fitness is a wholly-owned U.S. subsidiary of Ranaz that
specializes in the design and marketing of high protein nutritional
supplements for the sports world. The company currently creates and markets
its own Morph and Midget brands.
Certain statements contained in this news release, other than statements
of fact that are independently verifiable at the date hereof, may constitute
forward-looking statements. Such statements, based as they are on the current
expectations of management, inherently involve numerous risks and
uncertainties, known and unknown, many of which are beyond Ranaz's control.
Such risks include but are not limited to: the impact of general economic
conditions, changes in the regulatory environment in the jurisdictions in
which Ranaz does business, stock markets volatility, fluctuations in costs,
and changes to the competitive environment due to consolidation, as well as
other risks disclosed in public filings of Ranaz. Consequently, actual future
results may differ materially from the anticipated results expressed in the
forward-looking statements. The reader should not place undue reliance, if
any, on the forward-looking statements included in this news release. These
statements speak only as of the date made and Ranaz is under no obligation and
disavows any intention to update or revise such statements as a result of any
event, circumstances or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ranaz Corporation: Martin Vidal, Executive Vice
President and Chief Financial Officer, (450) 491-7106, Ext. 213,
email@example.com; Europa Sports Products Inc.: Marcus G. Hermens,
(704) 405-9135, www.europasports.com; SOLAK Communications: François Kalos,
President, (450) 993-0828, firstname.lastname@example.org; Impact Communication: Carlo Tarini,
President, (514) 916-2436, email@example.com