CARLSBAD, CA -- (Marketwire) -- 06/25/12 -- Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS: GMND), announced the company has acquired RNL USA Limited (RNUL) and set up the wholly owned subsidiary as the first member of the new Natural Healthcare operating division. The merger negotiations were undertaken by C. Trade Group Chairman and GMND Director Nick Kontonicolas, who met with Rapid Nutrition Ltd (RNL) principals to develop the merger, rollup acquisition strategy, and public company options for RNUL. C. Trade and its affiliate network are also assisting RNL with expansion and acquisition plans in the USA through RNUL.
Rapid Nutrition Ltd has a strong presence in Australia, where it is headquartered and exports to 13 countries. They have three manufacturing facilities in India and consolidated revenues of over USD $20 million. With the successful acceptance of Rapid Nutrition products in the international markets, the company is now expanding into the US market with a public company presence via GMND's recently created Natural Healthcare division.
As part of its charter, RNUL will license marketing rights for the Rapid Nutrition Ltd product line in the USA and Robert Brehm and Nick Kontonicolas will become new board members of RNUL and actively participate in developing RNUL business strategies to increase GMND shareholder value. Rapid Nutrition Executive Director and current CEO of Middle East and Asia Operations, Mr. Vaidyanathan Nateshan, will become Chief Executive Officer of RNUL.
Mr. Simon St Ledger, CEO of Rapid Nutrition, Ltd, stated, "We are very excited to become a contributing member of the Green Mountain family of companies. Apart from giving us access to a path breaking biological product line, which complements our natural products strategy, it gives us a listed platform in the US to pursue expansion plans as we deem fit."
About Rapid Nutrition
Rapid Nutrition is a natural healthcare company focused on the research, development and production of a range of life science products.
The information contained in this press release includes forward-looking statements. Forward-looking statements contain words that may involve risks and uncertainties. The company's actual results could differ materially from those discussed herein.