Outsourcing Partnerships: Vanguard Inks Consulting, Management Deal
August 11, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Vanguard Management Corp, a unit of Vanguard Minerals Corp. (OTCBB: VNGM), said it has signed a comprehensive consulting, management and distribution agreement with Go Healthy, Inc. (OTC: GOHE), a marketer of nutrition products. Under the deal, Vanguard will initially assist Go Healthy with increasing its distribution network for its supplement products and assist in locating the best manufacturing/packaging and bottling partners for their product offering.
Vanguard Management will assist Go Healthy in several facets of the company's growth plans, including, website re-development, product trademarks, branding, product manufacturing, distribution and marketing.
In the terms of the agreement, Vanguard was named the exclusive distributor of the complete line of Go Healthy's products in California. Additionally, Vanguard has acquired a 17% stake in the company and said it will increase their equity position as it reaches certain milestones.
In addition to the consulting agreement, Go Healthy has accepted the resignation of CEO Charlie Caudle and has retained James Price, chairman and CEO of Vanguard Management, as the company's interim CEO and vice-chairman.
Go Healthy was founded on products created by the late Dr. J. Robert Cade, the inventor of Gatorade. The company offers Cholesterade and the Go! Energy Recovery Shakes and Bars.
Washington-based Vanguard Minerals is a resource exploration company engaged in acquisition and exploration of mineral properties. The company's prime focus currently rests in several holdings with Uranium potential in prospective uranium bearing areas of Western Canada.
Vanguard Management is a strategic consulting company that offers a range of support, organizational services and management resources to client companies.
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