Published: August 13, 2007
Dynamic Announces Shareholder Approval of Merger With GeoPharma
Dynamic Health Products, Inc. (OTCBB: DYHP)
("Dynamic"), a leading distributor in the sports nutrition product and
performance drink industries, announced today that its shareholders, at a
special meeting of shareholders held on August 10, 2007 in Largo, FL,
approved the proposed merger transaction (the "Merger") with GeoPharma,
Inc. (NASDAQ: GORX) ("GeoPharma"). Dynamic and GeoPharma will complete
the Merger only if the conditions set forth in the Agreement and Plan of
Reorganization (the "Merger Agreement") are satisfied or waived. The
closing of the Merger is anticipated to occur on or about August 31, 2007.
As a result of the Merger, a wholly owned subsidiary of GeoPharma will be
merged into Dynamic, which as a result will become a wholly owned
subsidiary of GeoPharma. Under the terms of the Merger Agreement,
GeoPharma will exchange approximately 0.1429 shares of its common stock for
each share of Dynamic common stock and fractional shares will be rounded up
to the nearest whole share.
More than 99% of the shares that voted, voted in favor of the Merger.
http://www.b2i.us/irpass.asp?BzID=1421&to=ea&s=0
About Dynamic Health Products, Inc.
DYHP is a distributor in the sports nutrition product and performance drink
industries and is engaged in developing, wholesaling, and distributing a
wide variety of non-prescription drugs, dietary supplements, vitamins,
health foods, nutritional products, soft goods and other related products.
Their wholly owned operating subsidiaries include Bob O'Leary Health Food
Distributor Co., Inc., Dynamic Marketing I, Inc. and Herbal Health
Products, Inc. Additional information on them can be found at
http://www.dyhp.biz, http://www.bossonline.net, http://www.dymark.com and
http://www.wallstreetresources.net/dynamic.asp
About GeoPharma, Inc.
GeoPharma, Inc. is a rapidly growing pharmaceutical company specializing in
the manufacturing and distribution of over-the-counter, nutritional,
generic drug and functional food products. The company's growth strategy is
to capitalize on its manufacturing expertise to develop high margin generic
or novel drugs for niche markets with high barriers to entry. GeoPharma's
competitive advantage lies in its ability to circumvent or overcome the
challenges in these markets. For more about GeoPharma, Inc., go to our
websites at www.geopharmainc.com, and
www.onlineihp.com.
Safe Harbor
Safe Harbor Statement under the U.S. Private Securities Litigation Reform
Act of 1995: This release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Statements are presented based on current information available to
management and in consideration of assumptions concerning information
available to management regarding future events. Forward-looking statements
are subject to risks and uncertainties that could cause future events or
results to differ materially from such statements. Dynamic Health Products,
Inc. disclaims any intent or obligation to update or revise any
forward-looking statements and presents information herein solely for the
intent of delivering general information regarding the company.
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