[March 10, 2015] |
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GNC Announces Independent, Third Party Test Results Conclusively Confirming Safety, Quality, Purity and Proper Labeling in Herbal Plus® Product Line
GNC Holdings, Inc. (NYSE:GNC), a leading global specialty retailer of
health and wellness products, today announced that independent, third
party testing of certain product lots in its Herbal Plus® product line
has confirmed that the products are safe, pure, properly labeled and in
full compliance with all regulatory requirements.
These products have now been submitted to the following four sets of
rigorous tests:
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During the production process;
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Post - production and prior to distribution;
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Retested in response to the New York State Attorney General's February
2, 2015 inquiry;
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At GNC's own initiative, tested by an independent third-party
laboratory and reviewed by an independent expert.
In all four instances, the testing showed that the GNC Herbal Plus®
products meet all requirements for safety, quality, purity and proper
labeling on these products. These results clearly and conclusively
demonstrate that the Company's products contain all herbal extracts
listed on their respective labels and are compliant with regulations
prior to distribution. The Company has shared the results of the third
party tests with the Attorney General.
Michael G. Archbold, Chief Executive Officer of GNC said, "This
additional round of tests leaves no doubt that our products are not only
pure but are in full compliance with all regulatory requirements. When
generall and widely accepted industry tests sanctioned by the global
governing bodies that set standards for product purity and quality are
used, GNC products are fully compliant. We share the Attorney General's
objective of ensuring that consumers can rely on companies like GNC to
deliver pure, properly labeled products and, as expected, these results
demonstrate that fact."
GNC also submitted the test results to Frank S. Davis, PhD and Director
of Regulatory Affairs for Regulatory Compliance Associates, to review
the results. In his report, Dr. Davis concluded, "Testing of the
specified lots of products by accepted and reliable methods, and with
reference to limits promulgated by the USP [United States Pharmacopeia],
supports that these lots are not adulterated or mislabeled, contrary to
the allegations of the NY AG Letter." Dr. Davis continued, "It is
therefore scientifically sound to accept results of the manufacturer and
of the independent laboratories, and conclude that the tested lots meet
the requirements for safety, identity, purity, strength and composition,
to demonstrate the correct content of phytochemicals, without
contamination from heavy metals or pesticides."
Mr. Archbold continued, "We continue to cooperate with the Attorney
General's office in this matter and have gone above and beyond what has
been requested of us to clarify, in no uncertain terms, the quality of
our products. GNC expects to make these same products available to our
customers in due course."
About GNC Holdings, Inc.
GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a leading global
specialty retailer of health and wellness products - including vitamins,
minerals, and herbal supplement products, sports nutrition products and
diet products - and trades on the New York Stock Exchange under the
symbol "GNC."
The Company has a diversified, multi-channel business model and derives
revenue from product sales through company-owned retail stores, domestic
and international franchise activities, third party contract
manufacturing, e-commerce and corporate partnerships. GNC's broad and
deep product mix, which is focused on premium, value-added nutritional
products, is sold under GNC proprietary brands, including Mega Men®,
Ultra Mega®, Total Lean™, Pro Performance® AMP, Beyond Raw®, GNC
Puredge™, GNC GenetixHD®, Herbal Plus® and under nationally recognized
third party brands. As of September 30, 2014, GNC has more than 8,800
locations, of which more than 6,500 retail locations are in the United
States (including 1,063 franchise and 2,258 Rite Aid franchise
store-within-a-store locations) and franchise operations in more than 50
countries (including distribution centers where retail sales are made).
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