OTCPicks sent out a Company News Alert on Planet Nutrition Holdings after Beacon Equity Research announced its initial coverage. Planet Nutrition markets its products through strategic partnerships with manufacturers and distributors, and through collaborations with fitness centers, company stores and online sales through its website.
Recently, Planet Nutrition entered into an agreement with a fitness center chain to open nutritional product stores in each of its 37 fitness centers. By 2009, the Company expects to be generating $10 million in annualized revenues from the Peak Fitness center store network. The Company has already experienced great success with its first opened store which is averaging $700 of sales per day.
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