11.01.02
Vital Living Inc., Phoenix, AZ, has plans to acquire privately held MAF BioNutritionals (MAF), Boonton, NJ. Pursuant to the terms of the transaction, which is subject to board approval and certain conditions, Vital Living will acquire all of the outstanding stock of MAF for 2.5 million shares of restricted Vital Living common stock, with no registration rights, together with the assumption of certain MAF debt. The transaction will allow Vital Living immediate access to over 2000 existing dispensing practitioners, as well as many retail accounts, health clubs, vitamin stores and lifestyle accounts.