SOURCE: Microlog


May 22, 2013 10:00 ET

Microlog Announces Satisfaction of Key Closing Condition for Acquisition of NutraBev

GAITHERSBURG, MD--(Marketwired - May 22, 2013) - Microlog Corporation ("Microlog") (PINKSHEETS: MLOG) is pleased to announce that NutraBev Holdings International, Inc. ("NutraBev") has closed its acquisition of Silverbow Honey Company, Incorporated ("Silverbow"). Microlog previously announced on May 15, 2013 that it had entered into a definitive agreement (the "Agreement") with NutraBev whereby it is contemplated that Microlog will acquire 100% of NutraBev's common stock in exchange for 91,601.248 shares of Microlog's preferred stock. NutraBev's acquisition of Silverbow satisfies a key closing condition of the Agreement.

About NutraBev:

NutraBev Holdings International, Inc. acquires revenue-generating businesses operating in the healthy lifestyle marketplace. The company's strategy is to acquire related companies and capitalize on synergies from manufacturing through distribution.

About Microlog:

Microlog Corporation designs, implements and services patented software applications that enhance the productivity of the customer contact center experience, as well as providing consultation on a variety of system integration options. The company's services encompass the migration of e-commerce into the traditional call center environment by Web enablement. Microlog's award winning products support this Web enablement, as well as supporting all inbound and outbound media, telephone, e-mail, fax, and Web for contact centers.

Forward-Looking Statements:
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of Microlog or NutraBev to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

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