MusclePharm Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States with a proprietary formulation used in eight performance products, today announced MuscleGel achieves NSF certification. In addition, the Company�s Recon and Assault nutritional products will be NSF certified within the coming months.
NSF International is an independent, not-for-profit organization that meets the growing demands of athletes, coaches and all those concerned about banned substances in sports supplements. NSF International created the new NSF Certified for Sport Program. This new NSF program is a focused solution designed to minimize the risk that a dietary supplement or sports nutrition product contains banned substances. This program is part of NSF�s successful 60-year history of providing certification programs for food, water and consumer goods.
MLB, the MLB Player�s Association, NFL, the NFL Player�s Association, PGA, LPGA and the CCES have all chosen NSF�s Certified for Sport program to help verify the products their athletes use are safer and free of banned substances. NSF GMP for Sport certification verifies that the facility, operations and ingredient sourcing are in compliance with GMP requirements via ongoing audits.
MusclePharm products are currently available in 1,200 of the top General Nutrition Centers (GNC) in the United States, as well as Vitamin Shop. MusclePharm�s award-winning products � Assault, Battle Fuel, Bullet Proof, Combat Powder, Recon and Shred Matrix�are also available online at gnc.com, bodybuilding.com, amazon.com and many other locations.
TRW Automotive Holdings Corp. (NYSE:TRW) announced the underwritten public offering of 7,500,000 shares of its common stock held by Automotive Investors L.L.C., an affiliate of The Blackstone Group L.P., and certain members of TRW management pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “Offering”). TRW will not receive any proceeds related to the Offering, and its total number of shares of common stock outstanding will not materially change as a result of the Offering.
Morgan Stanley is acting as sole book-running manager and underwriter for the Offering. A prospectus supplement relating to the Offering will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained by mail from Morgan Stanley Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by phone at 866-718-1649. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
TS&W/Claymore Tax-Advantaged Balanced Fund (NYSE: TYW) is a close ended balanced mutual fund launched by Claymore Securities, Inc. The fund is co-managed by Claymore Advisors, LLC, Thompson, Siegel & Walmsley, LLC, and SMC Fixed Income Management, LP. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in stocks of companies operating across diversified sectors. The fund seeks to invest in value stocks of companies. It employs a fundamental analysis, with a combination of bottom-up and top-down stock picking approach to create its portfolio. For its fixed income investing, the fund typically makes its investments in securities having maturity period of more than 10 years and are rated A or higher. It benchmarks the performance of its equity portfolio against the S&P 500 Index and its fixed-income portfolio against the Lehman Brothers U.S. Municipal Long Bond Index, the Merrill Lynch High Yield Master II Index, and the Merrill Lynch U.S. Fixed Rate Preferred Stock Index. The fund conducts an in-house research to make its investments. TS&W/Claymore Tax-Advantaged Balanced Fund was formed on February 12, 2004 and is domiciled in the United States.
Tsakos Energy Navigation Ltd. (“TEN”) (NYSE:TNP) (or the “Company”) today announced a three-year time charter for a modern, double hull, handysize product tanker to a major South American state oil company. This charter is expected to generate gross revenues in excess of $14 million during the corresponding charter period. Prior to this fixture the vessel was operating in the spot market.
“This fixture to a charterer that the Company has developed a longstanding strategic relationship with, is a testament to our vessels’ operational capabilities and reaffirms our confidence in an improving environment, particularly for product tankers,” Mr. Nikolas P. Tsakos, President & CEO of TEN stated. “The recent appetite of charterers in all segments of the tanker market is encouraging and falls in line with our stated policy for medium to long term charters to well known oil concerns. We are confident that following this charter and in view of the size and quality of our fleet the Company will be in position to announce further fixtures in the near future that will provide the Company with additional layers of secured revenues for the years to come,” Mr. Tsakos concluded.
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