FOR IMMEDIATE RELEASE
United States District Court Rules in Favour of Garden of Life in its Proceedings against the FTC Quebec City (Quebec), February 29, 2011 - Atrium Innovations Inc. (TSX: ATB), a globally recognized leader in the development, manufacturing, and commercialization of innovative, science-based dietary supplements endorsed by health professionals, announced today that the United States District Court of Southern Florida ruled in favour of Garden of Life, a subsidiary of Atrium, in the proceedings taken by the U.S. Federal Trade Commission (FTC).As previously announced, in a motion unsealed on October 3, 2011, the FTC alleged that Garden of Life and Jordan S. Rubin, the founder of the business, violated a Consent Decree, or a settlement between the parties, entered into in March 2006. The FTC alleged certain misleading marketing claims on four products launched during the first half of 2009. In his ruling, the judge concluded that the FTC failed to establish by clear and convincing evidence that Garden of Life and Jordan Rubin violated the 2006 Consent Decree. In particular, the judge found that the FTC failed to establish that Garden of Life did not possess competent and reliable scientific evidence in respect of the claims being challenged.
About AtriumAtrium Innovations Inc. is a globally recognized leader in the development, manufacturing, and commercialization of innovative, science-based natural health products endorsed by health professionals. The Company distributes its extensive portfolio of products mainly in the healthcare practitioner and health food and specialized store channels, with a primary focus in North America and Europe. Atrium is at the forefront of science, innovation and education in the dietary supplement industry. The Company has over 1,100 employees and operates eight manufacturing facilities. Additional information is available at www.atrium-innovations.com .
Cautionary Note and Forward-Looking Statements
This press release contains certain forward-looking
statements with respect to the Company. These forward-looking
statements, by their nature, require the Company to make
certain
assumptions and necessarily involve known and unknown risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied in these
forward-looking statements. Forward-looking statements are
not guarantees of performance. These forward- looking
statements, including financial outlooks, may involve, but
are not limited to, comments with respect to the
Company's business or financial objectives, its
strategies or future actions, its targets, expectations for
financial condition or outlook for operations and future
contingent payments. Words such as "may", "will", "would",
"could", "expect", "believe", "plan", "anticipate", "intend",
"estimate", "continue", or the negative or comparable
terminology, as well as terms usually used in the future and
the conditional, are intended to identify forward-looking
statements. Information contained in forward-looking
statements is based upon certain material assumptions that
were applied in drawing a conclusion or making a forecast or
projection, including management's perceptions of historical
trends, current conditions and expected future developments,
as well as other considerations that are believed to be
appropriate in the circumstances. The Company considers these
assumptions to be reasonable based on information currently
available to it, but cautions the reader that these
assumptions regarding future events, many of which are beyond
its control, may ultimately prove to be incorrect since they
are subject to risks and uncertainties that affect the
Company and its business.
For additional information with respect to these and other
factors and assumptions underlying the forward-looking
statements made in this press release, see the Company's
quarterly and annual Management Discussion and Analysis for
the fiscal year ended December 31, 2010 filed with the
Canadian securities commissions. The forward-looking
information set forth herein reflects the Company's
expectations as at the date of this press release and is
subject to change after such date. The Company disclaims any
intention or obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise, other than as
required by law.
Mario Paradis Amélie Germain
Vice President and Chief Financial Officer Director of Communications Tel.: 418 652-1116 Tel.: 418 652-1116 mp@atrium-innovations.com ag@atrium-innovations.com
Pierre Boucher
MaisonBrison Communications Tel.: 514 731-0000, ext. 237 pierre@maisonbrison.com
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