| [May 07, 2013] |
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Bond Labs Strengthens its Credit Facility
OMAHA, Neb. --(Business Wire)--
Bond Laboratories, Inc. (OTCBB:BNLB)
("Bond Labs"), an international provider of innovative and proprietary
nutritional supplements for health conscious consumers, marketed
primarily through its wholly owned operating division, NDS (News - Alert) Nutrition
Products ("NDS") www.ndsnutrition.com,
today announced that the Company has once again improved the terms of
its existing line of credit with U.S. Bank. The new agreement increases
the Company's borrowing capacity by 50%, from $2,000,000 to $3,000,000
and further reduces the effective rate of interest on the credit line.
"U.S. Bank remains a committed partner in Bond's continued growth. The
newly expanded credit facility is further validation of the Company's
strong anticipated future groth prospects," stated Bond Labs' CEO, John
S. Wilson. "The expanded facility will provide the Company with the
flexibility to seize current and future growth opportunities both
domestically and internationally. With over 1,600 international GNC
franchise stores in 53 different countries, this is just the beginning
of what we anticipate will be a huge opportunity to increase the
Company's distribution footprint," concluded Mr. Wilson.
About Bond Labs
Bond Laboratories is a manufacturer of
innovative nutritional supplements. The Company produces and markets
products through its NDS Nutrition division. NDS' products number over
50 brands of energy, sports and dietary supplements. These products are
sold directly through specialty health and nutrition retailers,
including top-selling products at GNC® franchises. Bond Labs
is headquartered in Omaha, Nebraska. For more information, please visit http://www.bond-labs.com.
Forward-Looking Statement
Statements in this release that
are forward looking involve known and unknown risks and uncertainties,
which may cause the Company's actual results in future periods to be
materially different from any future performance that may be suggested
in this news release. Such factors may include, but are not limited to:
the ability to of the Company to continue to grow revenue; the Company's
ability to continue to achieve positive cash flow given the Company's
existing and anticipated operating and other costs; and the outcome of
the Company's pending litigation with the U.S. Department of Labor and
our former President alleging violations of certain unlawful employment
practices in connection with his separation from the Company. Many of
these risks and uncertainties are beyond the Company's control.
Reference is made to the discussion of risk factors detailed in The
Company's filings with the Securities and Exchange Commission, including
its reports on Form 10-K and 10-Q. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the dates on which they are made.
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