SYDNEY, March 3, 2011 /PRNewswire/ -- Healthzone Limited (ASX: HZL; OTCQX: HLTZY) announced that it has entered into a services agreement with The Trout Group LLC ("the Trout Group"), a leading New York-based investor relations and strategic advisory firm. The Trout Group will provide investor relations services for Healthzone for an initial engagement of one year.
With more than 60 current clients, the Trout Group provides investor relations and advisory services exclusively for the life sciences industry. The Trout Group will be assisting Healthzone with its corporate goal to broaden the Company's exposure to institutional investors.
"With Trout's office in Shanghai since 2009, and our long-time support in Australia, we are ideally positioned to help Healthzone meet a broad-base of global institutional investors and analysts," said Brian Korb, Senior Vice President. "Healthzone's existing revenue base of over $100 million, EBITDA of close to $10 million, and their ongoing expansion in China with the recent Eu Yan Sang alliance gives Healthzone a unique story to tell potential investors."
Peter Roach, Healthzone Executive Chairman, said, "We are already experiencing increased share liquidity as a result of the Trout Group's early initiatives and we look forward to the relationship adding value to our efforts to grow value into our share price."
ABOUT HEALTHZONE LIMITEDHealthzone Ltd operates a portfolio of distribution, consumer product and retail business and is the largest operator in the Australian Wellness sector with significant and growing Asian and China wellness market interests. Each business provides immediate opportunities for earnings growth through business development and integration. Healthzone's businesses are comprised of three principal activities; Health and Beauty distribution; Health and Beauty Products, and Health Food Retail. For further information please visit www.hea
|SOURCE Healthzone Limited|
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