Vitacost.com, Inc. Announces Groundbreaking on the Expansion of Its East Coast Manufacturing & Distribution Facility & Provid...
21 5월 2010 - 9:30PM
Business Wire
Vitacost.com, Inc. (NASDAQ: VITC), a leading online retailer and
direct marketer of health and wellness products, today announced
the groundbreaking for the expansion of its east coast
manufacturing and distribution facility in Lexington, North
Carolina.
The Company will add approximately 113,000 square feet to its
existing facility, increasing the total square footage to roughly
225,000. The Company will equip the facility with new
state-of-the-art, A-Frame technology that will allow the Company to
double the number of orders processed in its distribution center
from approximately 500 per hour currently to 1,000 per hour. The
Company expects to be able to process 1,700 orders per hour at peak
utilization. The state of North Carolina will provide up to $2.5
million in incentives to the Company based on program
eligibility.
“We are pleased Vitacost has the opportunity to expand its
operations in North Carolina and has qualified for certain state
incentive programs,” said Ira Kerker, Vitacost.com’s Chief
Executive Officer. “We have operated in North Carolina since 2008
and greatly appreciate the support of the state. Our new facility
will not only greatly improve our efficiencies over time, but will
provide the infrastructure needed to support the continued strong
growth we expect to meet the demands of Vitacost’s growing healthy
living and wellness customer base in the years to come.”
Separately, on April 29, 2010, the Company announced that it
hired the independent executive search and consulting firm, SSA
Executive Search International, to assist its Nominating Committee
to identify and review the qualifications for several new,
independent director candidates which will help diversify the Board
and bring additional expertise in the areas of e-commerce,
manufacturing, nutraceuticals and overall public company Board
experience. This process is progressing and the Company expects to
begin conducting interviews with a number of selected candidates in
the next week to 10 days.
About Vitacost.com, Inc.
Vitacost.com, Inc. (Symbol: VITC) is a leading online retailer
and direct marketer of health and wellness products, including
dietary supplements such as vitamins, minerals, herbs or other
botanicals, amino acids and metabolites, as well as cosmetics,
organic body and personal care products, sports nutrition and
health foods. Vitacost.com, Inc. sells these products directly to
consumers through its website, www.vitacost.com, as well as through
its catalogs. Vitacost.com, Inc. strives to offer its customers the
broadest product selection of healthy living products, while
providing superior customer service and timely and accurate
delivery.
Additional Information and Where to Find It
In connection with a consent revocation solicitation,
Vitacost.com Inc. has filed a preliminary consent revocation
statement on Schedule 14A with the Securities and Exchange
Commission (the "SEC") on May 21, 2010. INVESTORS AND STOCKHOLDERS
ARE ADVISED TO READ THE DEFINITIVE CONSENT REVOCATION STATEMENT AND
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
VITACOST.COM INC. AND THE PROPOSED CONSENT REVOCATION. The
definitive consent revocation statement (when it becomes available)
will be mailed to Vitacost.com Inc. stockholders. Investors and
stockholders may obtain a free copy of these documents (when
available) and other documents filed by Vitacost.com Inc. at the
SEC's website at www.sec.gov and at the Investor Relations section
of our website at www.vitacost.com. The consent revocation
statement and such other documents may also be obtained for free
from Vitacost.com Inc. by directing such request to Vitacost.com
Inc., Attention: Kathleen Reed, 5400 Broken Sound Blvd., NW, Suite
500, Boca Raton, Florida 33487, Telephone: 561-982-4180.
Vitacost.com Inc. and its directors and executive officers may
be deemed to be participants in the solicitation of consent
revocations from its stockholders in connection with the consent
revocation solicitation. Information about Vitacost.com Inc.'s
directors and executive officers is set forth in Vitacost.com
Inc.'s preliminary consent revocation statement on Schedule 14A
which has been filed with the SEC on May 21, 2010.
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