LifeVantage
Corporation (OTCBB: LFVN) announced today that Aspenwood
Capital (www.AspenwoodCapital.com),
a Denver-based investment bank, has completed a $3.5 million private
placement for the Company to accredited investors. LifeVantage (www.LifeVantage.com)
is a science-based, natural products company dedicated to helping people
reach their health and wellness goals through science-based solutions to
oxidative stress. LifeVantage is the maker of Protandim®
- a dietary supplement clinically shown to induce the body's own
antioxidant defenses, and is developing an entire product line for its
network marketing program.
Aspenwood Capital partner Steve Ossello said, "As active investment
bankers for LifeVantage over the past several years, we have always been
tremendous supporters of the company and its primary product - Protandim®.
This capital raising effort is particularly gratifying now that the
company's exciting new network marketing strategy should provide
Protandim® with the distribution it richly deserves."
LifeVantage CEO and President David Brown said, "We are extremely
pleased with the success of this raise. This vote of confidence from
investors is an excellent reflection on the direction of the Company and
the many exciting developments that have recently occurred. The proceeds
from this financing should allow the Company to accomplish several
goals, including the expansion of our infrastructure and marketing
efforts for our network marketing program."
About Aspenwood Capital
Aspenwood Capital (www.AspenwoodCapital.com)
of Denver, Colo., a division of Colorado Financial Services Corporation
(member FINRA / SIPC), specializes in providing investment banking
services to small-cap public issuers and late-stage private companies.
About
Protandim®
Protandim® is a groundbreaking, clinically proven supplement
that provides a substantial benefit to help with the challenge of
healthy aging. This patented antioxidant therapy is more powerful than
conventional foods such as red wine, oranges, blueberries or other
popular antioxidant supplements. Protandim® works by
increasing the body's natural antioxidant protection at the cellular
level, triggering cells to produce naturally occurring protective
antioxidant enzymes such as superoxide dismutase (SOD), catalase and
glutathione.
A peer-reviewed human study showed that after Protandim® was
taken for 30 consecutive days, the accumulation of lipid peroxidation
products (a biochemical marker of aging) was decreased by an average of
40%. The study also reported that this important marker of aging was
decreased after taking Protandim® to the level of a typical
20 year old. Protandim® is currently the subject of over 20
scientific studies at leading universities and research institutes. For
more information, please visit About
LifeVantage Corporation
LifeVantage Corporation is a publicly traded (OTCBB: LFVN),
science-based, natural products company dedicated to helping people
reach their health and wellness goals through science-based solutions to
oxidative stress. Founded in 2003 and based in San Diego, Calif.,
LifeVantage develops nutraceutical products, including Protandim®,
that leverage the company's expertise and that are intended to deliver
significant health benefits to consumers. For more information, visit www.LifeVantage.com.
This document contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995.The Company uses the words "anticipate," "believe,"
"could," "should," "estimate," "expect," "intend," "may," "predict,"
"project," "plan," "target" and similar terms and phrases, including
references to assumptions, to identify forward-looking statements.These
forward-looking statements are based on the Company's current
expectations and beliefs concerning future events affecting the Company
and involve known and unknown risks and uncertainties that may cause the
Company's actual results or outcomes to be materially different from
those anticipated and discussed herein.These risks and
uncertainties include, among others, the risk that government regulators
and regulations could adversely affect our business; future laws or
regulations may hinder or prohibit the production or sale of our
existing product and any future products; unfavorable publicity could
materially hurt our business; and the Company's ability to protect our
intellectual property rights and the value of our product.These
and other risk factors are discussed in greater detail in the Company's
Annual Report on Form 10-KSB under the caption "Risk Factors," and in
other documents filed the Company from time to time with the Securities
and Exchange Commission.The Company cautions investors not to
place undue reliance on the forward-looking statements contained in this
document.All forward-looking statements are based on information
currently available to the Company on the date hereof, and the Company
undertakes no obligation to revise or update these forward-looking
statements to reflect events or circumstances after the date of this
document, except as required by law. *These statements have not been evaluated by the Food and Drug
Administration. This product is not intended to diagnose, treat, cure or
prevent any disease.
Note to Editors: Contact Patrick Courtemanche at 612-746-1776 or pat_court@yahoo.com
for interviews, photography, and other requests.
LifeVantage Patrick Courtemanche, 612-746-1776 pat_court@yahoo.com or Aspenwood
Capital Steve J. Ossello, 720-533-4888, ext. 1 sossello@aspenwoodcapital.com |