HEALTHZONE ANNOUNCES RETENTION OF WORLD'S LARGEST FOOD AND BEVERAGE INVESTMENT
BANK
Los Angeles, California, July 13, 2000. Omni Nutraceuticals, Inc. (NASDAQ:ZONE)
announced today that they have retained Rabobank International to provide
investment banking advice in connection with the exploration of strategic
alternatives for the Company. Such alternatives could potentially include bank
debt restructuring, financing, joint ventures, or mergers in one or more
transactions.
With more than $290 billion in assets and 110 offices worldwide wide, Rabobank
is the leading global financial institution specializing in the food and
beverage industry, including nutritional supplement companies. Rabobank is one
of the world's largest mergers and acquisitions business focused on this
industry.
Klee Irwin, HealthZone.com's President & CEO, commented, "We are excited about
the prospects that our new association with Rabobank brings to the Company.
They are a major international player and have facilitated financing and
numerous mergers and acquisitions in the industry. We look forward to working
with them to reach our goals."
Omni Nutraceuticals, Inc. is a leading formulator and supplier of natural
health, herbal and nutritional supplement products for consumers, and is a proud
member of The Organic Trade Association, Sustain, United Plant Savers,
Physicians Committee of Responsible Medicine, American Preventative Medical
Association, etc. Its product lines include popular brand name market leaders
such as Diet System Six(TM), Nature's Secret , Harmony Formulas , Applied
Nutrition , Dr. Linus Pauling Vitamins , Lifestyle Control Formulas(TM),
Inholtra , 151 Energy Bar(TM), Cholestaid(TM), Veromax(TM), etc. The company's
products are sold in specialty natural health, nutrition and food retail stores
worldwide. HealthZone.com, the company's leading Internet based distribution
channel, was the first major on-line retailer of supplements. This Internet
company sells over 16,000 health related products to consumers around the globe.
Information and statements in this report, other than historical information,
should be considered forward-looking and reflect management's current views of
future events and financial performance that involve a number of risks and
uncertainties. Factors that could cause actual results to differ materially
include, but are not limited to, the following: general economic conditions and
developments within the Internet and Intranet industries; product development
and technology changes; competition and pricing pressures; length of the sales
cycle; variability of sales order flow and management growth.
Investor Relations: John Liviakis, president of Liviakis Financial
Communications, Inc., 415.389.4670 / 415.389.4694
