Planet Nutrition, Inc. (PNHL.PK) provides products and nutritional programs for the diet and nutrition industry. The Company offers a widespread line of products from established manufacturers and laboratories of nutritional and diet products. The Company’s product offerings range from nutritional supplements, such as vitamin, minerals and herbal supplements, to tanning beds and fitness equipment.
The Company uses its website, store.planetnutritiononline.com, to market its products. Planet Nutrition products result from partnerships with manufacturers and distributors as well as collaborations with fitness centers. Through an agreement with Peak Fitness, the Company is able to open nutritional product stores in the fitness chain’s 37 centers and is expected to generate revenues of $10 million from these stores.
There is a growing concern in the United States about health and weight issues, in particular, obesity. The Nutrition Business Journal shows that the global nutrition market grew from $172 billion in 2003 to $226 billion in 2006. The demand for nutritional products and options is expected to grow due to continuing growing awareness of a needed healthier lifestyle. Planet Nutrition is well positioned for strong growth in the future with an increasing health conscious society.
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