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MACKENZIE PARTNERS, INC.
156 Fifth Avenue, New York, Ny 10010
Tel: 212-929-5500 Fax: 212-929-0306
1888 Century Park East, Los Angeles, CA 90067
Tel: 310-284-3110 Fax: 310-284-3140
NEW RELEASE
CONTACTS:
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John L. Teeger
Chief Financial Officer
HealthRite, Inc.
(212) 829-0900, ext. 203
Daniel H. Burch
MacKenzie Partners, Inc.
(212) 929-5748
FOR IMMEDIATE RELEASE:
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CURRENT HEALTHRITE BOARD CONTINUES IN POWER PENDING ANNUAL
MEETING ON JANUARY 9, 1998 AND DELAWARE RESOLUTION
NEW YORK, NEW YORK, December 26, 1997, HealthRite, Inc. (HLRT-NASDAQ) announced
that the Court of Chancery of Delaware has ordered the continuation of its
current Directors, namely Warren H. Haber, John L. Teeger, Howard Bezoza, M.D.,
Milton Datsopoulos, John C. Horvitz, John A. McConville and Sidney N.
Towle, Jr. to constitute the Board of Directors with full power and authority
to direct the management of its business pending the election of Directors at
the Annual Meeting which has been scheduled for January 9, 1998 and the
resolution by the Court of the dispute. The order also precludes the opposition
slate from taking any action on behalf of the Company as directors or officers
in contravention of the order.
HealthRite, Inc. is engaged through its Montana Naturals Int'l, Inc.
subsidiary in the manufacture and sale of vitamins, herbs and dietary
supplements principally under the Montana Naturals Big Sky, Pure Energy and
Nautilus brand names and to private label customers. Through its Jason
Pharmaceuticals, Inc. subsidiary, the Company manufactures and sells weight
management products under the Medifast brand name through physicians and
medical clinics and to its private label customers.
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