Liquid Nutrition Group Inc.

May 25, 2011 08:39 ET

Liquid Nutrition Group Inc. to Commence Trading Today on TSX Venture Exchange

TORONTO, ONTARIO--(Marketwire - May 25, 2011) -


Liquid Nutrition Group Inc. (TSX VENTURE:LQD) ("LNGI") (formerly Lime Hill Capital Corporation) is pleased to announce that it has received the final bulletin of the TSX Venture Exchange ("TSX.V") approving its previously announced qualifying transaction. The common shares of LNGI will begin trading on the TSX.V at market open today, under the trading symbol "LQD.V".

The share purchase warrants of LNGI will also commence trading today under the symbol LQD.WT, each warrant entitles the holder thereof to purchase one common share of LNGI at a price of $1.50 (per share) until May 13, 2016.

There are currently 16,418,053 common shares of LNGI issued and outstanding.

"We are extremely pleased with this very important milestone. Our new listing on the TSX Venture Exchange will allow us to significantly broaden and increase our well-established shareholder base," said Glenn Young, President, LNGI. "As our worldwide expansion plans evolve, we wanted to further strengthen the Liquid Nutrition brand. Not only are we celebrating our launch on the TSX Venture Exchange today, but we also celebrate the addition of Matt Ryan, Suzann Pettersen and Torah Bright to 'Team Liquid' as they join our previously announced partners Steve Nash and Russell Martin - and coming soon to our roster will be training and conditioning coach Chris Carmichael along with sports nutritionist Elaine Hastings."

LNGI Chairman of the Board Greg Chamandy adds, "The reaction to the news about the expansion plans and listing on the TSX Venture Exchange has been exceptionally positive. For weeks we've received many inquires into Liquid Nutrition franchise opportunities. This reception further strengthens our resolve to continue the Liquid Nutrition expansion across multiple markets, as there is a hearty appetite for healthy living, functional beverages and supplements."

In connection with the Qualifying Transaction, the following persons were named to the Board of Directors of LNGI:

Greg Chamandy as Chairman. Chamandy is also the Chairman of Oxbridge Bank and Trust SCC and Executive Chairman of Richmont Mines Inc. (TSX:RIC)(NYSE:RIC), a Canadian-based gold producer. He was formally the Chairman and Chief Executive Officer of Gildan Activewear Inc. (NYSE:GIL) from 1984 to 2004.

Dana Ades-Landy as Director. Ades-Landy is the Senior Vice-President with Laurentian Bank of Canada, in charge of the mid-market group and has been since August 2006. In September 2010 she also took over responsibility for Commercial Banking in Ontario. From January 2004 to June 2006, she served as a Senior Vice-President at KPMG LLP.

Arlene Dickinson as Director. Dickinson is the Chief Executive Officer of Venture Communications Ltd., since 1988. A panelist on the Gemini award-winning CBC series, the Dragon's Den, Dickinson is one of Canada's most renowned independent marketing communications entrepreneurs.

Brandon Kou as Director. Kou is General Manager of Steve Nash Enterprises, a conglomerate with portfolio companies in media, sports, entertainment, health and wellness. Co-founder and Director for APOKO LLC, a digital marketing company focused on growing the online brands of athletes, celebrities and brands. Currently he is Chairman of the Board for OneBode Holdings LLC, an international holistic vitamin company.

Darren Stark as Director. Stark is President and Chief Executive Officer of Oxbridge Bank and Trust SCC. A lawyer with 20 years of international experience, he worked with Royal Bank of Canada Trust Company (Cayman) Limited and Royal Bank of Canada (Caribbean) Corporation from 2000 to 2005. Currently, he is also a director of Culane Energy Inc. (TSX:CLN), a public oil and gas exploration company.

Glenn Young (President and Chief Executive Officer) as Director. Young is the President of LNGI, and was previously Executive Vice-President, Business Development from June 2010 to December 2010. An expert in the sports marketing sector, Young was formerly Senior Vice-President, Sports, Entertainment and Media for International Management Group Canada ("IMG"), the country's leading sports and lifestyle marketing company from December 2000 to March 2010.

LNGI also announces the appointments of Mark O'Hara as Chief Financial Officer and Mathieu Gendron as Corporate Secretary.

O'Hara is a Chartered Accountant and senior financial executive with significant experience across the retail, hospitality, healthcare and industrial manufacturing industries. Prior to joining LNGI, O'Hara was the Chief Financial Officer for Air Liquide Middle East & North Africa FZCO, based in Dubai, where he led the start-up of all accounting and finance activities in the region. He began his career in public accounting with Price Waterhouse London (England) and Toronto offices.

Gendron is a lawyer at Heenan Blaikie LLP, one of the leading law firms in Canada. His practice includes corporate reorganizations and financings, with a particular emphasis on tax impact and securities related issues. Prior to joining Heenan Blaikie LLP in 2006, Gendron worked with another law firm specializing in business law. He also held the position of General Manager of an investment fund from 2008 to 2010.

About Liquid Nutrition

Liquid Nutrition Group Inc. (TSX VENTURE:LQD) is an international functional beverage, food, vitamin and supplement store franchisor, headquartered in Montreal, Québec. LNGI is committed to bringing healthy and delicious eating to communities around the world. Through its wholly-owned subsidiary, Liquid Nutrition Franchising Corporation, LNGI is currently the franchisor of seven stores located in Montreal, with franchise expansion opportunities throughout Canada and the United States, as well as license opportunities internationally.

For store locations or more information visit

About Team Liquid

Comprised of pro-athletes and experts in the world of fitness and nutrition, members of Team Liquid were selected based on their personal and professional beliefs in healthy, active living. The Team Liquid roster includes:

  • Steve Nash: An active philanthropist, Canadian-born Phoenix Suns point guard and two-time NBA Most Valuable Player (2005 and 2006), Nash has committed his time and resources to the Steve Nash Foundation with a mission to promote healthy activity and proper nutrition among children.
  • Russell Martin: NY Yankees' starting catcher and All-Star MLB player, Martin has been dedicated to making a difference both on and off the field since the start of his career. Martin's commitment to his team is strengthen by his passion for helping communities around the globe and promoting a healthy, nutritious lifestyle.
  • Matt Ryan: Atlanta Falcons' starting quarterback and Associated Press' NFL Rookie of the Year (2008), Ryan makes a difference off the field in communities across the country. Dedicating his time and resources to helping children through various charitable organizations, his partnership with Liquid Nutrition is a perfect fit – focusing on education and awareness of the benefits of healthy eating and active living.
  • Suzann Pettersen: Norway's best professional golfer and Pettersen is ranked second in Women's World Golf. She is a true inspiration to all athletes and continues to be on top of her game. On par with Liquid Nutrition, her beliefs that healthy nutrition and a balanced lifestyle is the key to achievement.
  • Torah Bright: One of the most dynamic snowboarders in the world, Bright dominated the 2003/2004 FIS World Cup ratings and is a 2010 Olympic Gold Medalist. She expects big things from herself and will have no trouble accomplishing them… like hitting the pipe with a Liquid Nutrition in hand!
  • Chris Carmichael: Founder and CEO of Carmichael Training Systems, Inc. (CTS), Carmichael was a U.S. Olympian in 1984 and member of the 7-Eleven Pro Cycling team. Named the U.S. Olympic Committee's Coach of the Year in 1999, he formed CTS in 2000 to make world-class coaching accessible to athletes of all ability levels.
  • Elaine Hastings: Founder of Associates in Nutrition Therapy, Hastings is a registered dietician, nutritionist and a leader in the health care industry. She's passionate about healthy living and shares in Liquid Nutrition's mission to enlighten and educate our community that eating and living healthy is fun, easy, quick and delicious.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including, without limitation, the date on which the common shares of LNGI begin trading on the TSX.V, the addition of other athletes/celebrities as sponsorship partners of LNGI and the expansion of LNGI in various marketplaces. Actual results may differ materially as a result of both unknown and known risk factors, including, without limitation, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, loss of markets,inability to access sufficient capital from internal and external sources, inability of the franchisees to achieve profitability, increased competition, the price, availability and quality of raw materials, changes in laws and regulations (including the adoption of new laws and regulations concerning franchising or employment), the lack of availability of qualified personnel or management, dependence on key athletes, the seasonality of the business, fluctuations in foreign exchange or interest rates and stock market volatility. Except as required pursuant to applicable securities legislation, Liquid Nutrition Group Inc. (LNGI) will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by LNGI.

This release does not constitute an offer for sale of securities in the United States.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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