Full Press Release Details
| EMBARGOED FOR USE BEFORE | Contact: |
| After 8am (Eastern) | Jack Ross, Chairman / CEO |
| June 22, 2017 | Synergy CHC Corp |
| Jack@synergychc.com | |
| 615-939-9004 |
Acquires "Per-fekt Beauty Brand", "expanding its presence in the cosmetics and skincare space.
Westbrook, Maine, June 22, 2017-
Synergy CHC Corp (OTCQB: SNYR), a consumer health care
company, today announced it has entered into and simultaneously closed on an Asset Purchase Agreement with Per-fekt Beauty Holdings
LLC and CDG Holdings, LLC, which owns 92.3% of the issued and outstanding equity interests of Per-fekt Beauty. Per-fekt Beauty
is engaged in the business of developing and selling skincare and cosmetics products under the brand Per-fekt.
Pursuant to the Purchase Agreement, we purchased
all of Perfekt Beauty's assets and assumed certain of its liabilities for a purchase price of $709,988.34, which was paid
with an aggregate of 473,326 shares of our common stock, which share amount was derived by dividing the purchase price by $1.50.
As additional consideration, we will pay quarterly royalties equal to 5% of net sales for 10 years following the closing date.
Per-f kt is a well-established beauty
brand with shelf presence in more than a thousand stores with a global foot print including Sephora and Ulta. This acquisition
opens up an exciting channel for the rest of our other brands in that space. Even more exciting is the potential to apply the
same ROI based algorithm that Flat Tummy Tea & Sneaky Vaunt use and is currently being used by The Synergy Effect on various
online marketing platforms - what could be more Per-fekt to grow the brand?
Per-f kt Beauty can be found at perfektbeauty.com
or visit their Instagram page.
"This acquisition not only marks Synergy's
expansion of its presence in the beauty space globally, but it's also the next step into the full omni channel approach
for its beauty brands. The growth of our portfolio continues, and with it the potential to leverage our existing digital innovations
and distribution relationships. One might even say this is another "per-fekt" acquisition for Synergy. Synergy expects
to continue to acquire and grow both organically and by further acquisition," said Jack Ross, CEO of Synergy.
is a consumer health care company that is in the process of building a portfolio of best-in-class consumer product brands. Synergy's
strategy is to grow its portfolio both organically and by further acquisition. Synergy's diversified portfolio now includes
FOCUSFactor , Flat Tummy Tea , Per-f kt Beauty , Sneaky Vaunt , Neuragen , and Hand MD .
For more information, please visit www.synergychc.com.
uniquely formulated two-step herbal detox tea works to naturally help speed metabolism, boost energy and reduce bloating to flatten
your tummy. It's currently sold exclusively online to a global, 20-30 year old female, predominantly American market.
in 2013, Flat Tummy Tea has grown rapidly, largely attributed to the strength of their branding and their innovative and effective
use of social media. Their secret is a very specific process and ROI based algorithm used on various online platforms. To date,
Flat Tummy Tea has built a targeted social media following of over 1,350,000, many of whom are now customers.
has over 13,700 positive written reviews on their website, flattummytea.com or visit their Instagram page.
at America's leading retailers such as Costco, Sam's Club, Wal-Mart, BJ's Walgreens, CVS and The Vitamin Shoppe.
FOCUSfactor, America's leading brain health supplement, is a nutritional supplement that includes a proprietary blend of
brain supporting vitamins, minerals, antioxidants and other nutrients. In December 2012, the United States Patent and Trademark
Office issued US Patent 8,329,227 covering FOCUSfactor's proprietary formulation "for enhanced mental function."
The issuance of the patent marked one of the few times a patent has been issued for a nationally branded nutritional supplement.
FOCUSfactor is clinically tested with results demonstrating improvements in focus, concentration and memory in healthy adults.
Per-f kt Beauty is Synergy's newest brand that has been
acquired in June 2017. Per-f kt Beauty markets and sells a specialized range of beauty products (makeup, skin-care &
body) via retailers and online through social media channels.
Sneaky Vaunt is one of Synergy's newest brand that just launched
in March, 2017. Sneaky Vaunt markets and sells a backless, strapless, stick on, push up bra exclusively online through social
Sneaky Vaunt is being marketed on the same ROI based algorithm
that Flat Tummy Tea uses and is currently being used by The Synergy Effect on various online marketing platforms. In just over
three months, Sneaky Vaunt has built a targeted social media following of over 330,000 on Instagram.
Sneaky Vaunt can be found at sneakyvaunt.com or visit their Instagram
is a topical product that works directly at the site of the pain as opposed to oral products. Neuragen reduces
the spontaneous firing of damaged peripheral nerves. By calming these firings at the source, Neuragen is clinically
shown to reduce shooting and burning pains quickly and without the side effects of orally taken medications. This is in part due
to the small lipophilic molecules found in Neuragen which rapidly carry the active ingredients through the rough outer layer
of the skin to the site of the pain. Neuragen is available over the counter in most local pharmacies either in
the diabetic section or the analgesic (pain) section. For more information, please visit www.neuragen.com.
Hand MD is the world's
first anti-aging skincare line formulated specifically for the hands. Hands reveal a woman's true age and the rejuvenation
of the hand has become women's #1 aging concern. Developed by Kara Harshbarger and renowned celebrity dermatologist Dr.
Alex Khadavi, Hand MD's extensive clinical trials show significant improvement in the appearance of fine lines and wrinkles,
skin hydration, hyper-pigmentation and radiance. HAND MD launched on QVC and sold out in 5 minutes. www.hand-md.com.
The Synergy Effect is Synergy's fast-growth
online marketing platform, a growth engine built to grow brands exponentially online. Launched in 2017, The Synergy Effect powers
Synergy's brands online, driving revenue using best-in-class digital strategy and its proprietary ROI algorithm. Already
boasting success stories including Flat Tummy Tea and Sneaky Vaunt, both of which have experienced unprecedented growth in digital
and social media, The Synergy Effect is expected to spend the upcoming year further unlocking the huge online growth potential
within Synergy's existing portfolio of brands, as well as brands acquired by Synergy.
on The Synergy Effect can be found at www.thesynergyeffect.com.
Forward-Looking Statements
contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject
to risks and uncertainties. All statements, other than statements of historical facts, regarding management's expectations,
beliefs, goals, plans or Synergy's prospects should be considered forward-looking. Readers are cautioned that actual results
may differ materially from projections or estimates due to a variety of important factors, including: Synergy's ability
to integrate any new products into its current operations; the risks and uncertainties associated with Synergy's ability
to manage its cash resources; obtaining additional financing to support Synergy's operations; Synergy's dependence
on third parties for its research and development, manufacturing and distribution functions; Synergy's dependence on its
license relationships; protecting the intellectual property developed by or licensed to Synergy; and Synergy's ability to
build its operations to support its business strategy and promote its products. These and other risks are described in greater
detail in Synergy's filings with the SEC, copies of which are available free of charge at the SEC's website (www.sec.gov)
or upon request from Synergy. Synergy may not actually achieve the goals or plans described in its forward-looking statements,
and investors should not place undue reliance on these statements. Synergy assumes no obligation and does not intend to update
these forward-looking statements, except as required by law.