SOURCE: Synergy Brands

November 29, 2005 08:30 ET

Synergy Brands Hair Care Distribution Business to Sell Through Overstock.com

SYOSSET, NY -- (MARKET WIRE) -- November 29, 2005 -- Synergy Brands (NASDAQ: SYBR) today announced its Hair Care Distribution operation (owned by PHS Group) began selling hair care products including shampoos, conditioners and hair care supplements through a supply agreement with popular online discount retailer, Overstock.com®, Inc.

Henry Platek, former president of Synergy Brands and currently a senior executive at PHS group, negotiated the agreement for PHS with Overstock.com. As stated in a prior release, Bill Rancic negotiated a supply agreement for Gran Reserve Corporation with Overstock.com for Synergy Brands. Mr. Rancic said, "We continue to hope that Overstock leverages our product mix in the Hair Care business as it is doing in our Cigar operation." Mr. Platek added, "We are providing a mix of brand name product to Overstock.com customers in an attempt to optimize sales."

Overstock.com® is a registered trademark of Overstock.com, Inc.

FORWARD-LOOKING STATEMENTS

This press release and company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended in part as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "may," "will," "should," "expect," "assume," and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, if any, statements reflecting the projected revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. For a description of many of these risks and uncertainties, please refer to the company's filings with the U.S. Securities & Exchange Commission (www.sec.gov) including Forms 10K and 10Q.

Contact Information

  • Contact:
    Beverly Jedynak
    Martin E. Janis & Company, Inc.
    312-943-1100 ext. 12

    Amy Ruffalo
    Martin E. Janis & Co., Inc.
    312-943-1100 ext. 15