RBID.com, Inc. Acquires Profitable Company
13 April 2009 - 10:00PM
Business Wire
RBID.com, Inc. (Pink Sheets:RBDC) has acquired GLA
International, Inc., a profitable and rapidly-growing distributor
of health and nutrition products. GLA is now a 100% wholly-owned
subsidiary of RBID.com, Inc. The acquisition was structured in a
way that resulted in no dilution of ownership for RBID
shareholders. GLA�s existing management team will continue to run
the day-to-day operations of the subsidiary, with RBID providing
funding, management oversight, and additional resources as needed.
Further details will be released within the next few days.
RBID CEO Alan Rothman commented, �We believe that RBID�s
acquisition of GLA International, Inc. is our most important
achievement since the company�s inception. This acquisition adds
significant value to the company by giving us immediate entry into
the highly lucrative health food and direct sales industries with a
company that is already profitable and a product line that is both
unique and timely. We are committed to providing the management
oversight and additional capital that will allow GLA to grow more
quickly and escalate its impact in the marketplace.�
For more information about RBID.com, Inc. visit
www.rbid.com.
Safe Harbor Statement: This release contains forward-looking
statements with respect to the results of operations and business
of RBID.com, Inc., which involves risks and uncertainties. The
Company's actual future results could materially differ from those
discussed. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, and all other forward looking statements be subject to
the "Safe Harbors" provision of the Private Securities Litigation
Reform Act of 1995.
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