Ouch, here’s some ugly Stemulite news… The inventor of Stemulite and former CEO and founder of Metabolic Research, Inc (MTBR) sued Metabolic Research, Inc., the manufacturer of Stemulite.
If you’ve been keeping track, I’ve had issues of my own with MTBR (not Stemulite itself, however).
Metabolic Research, Inc. Lawsuit Favorably Settled
Metabolic Research, Inc. announced that it has entered into a Settlement Agreement with David P. Summers.
Under the terms of the Settlement Agreement, Mr. Summers and MTBR agreed to dismiss the claims filed against each other with prejudice and Mr. Summers resigned as a Director and Chief Executive Officer of MTBR and his employment agreement was terminated.
Tia Owen, Chief Operating Officer, also announced the appointment of Robert Bakker and KC Quintana to serve on MTBR’s Board of Directors until the next annual stockholders’ meeting. Mr. Bakker also has been named President and Chief Executive Officer of MTBR.
Mr. Quintana developed the current MTBR marketing program and has personally enrolled all of the company’s star athlete spokespeople. Mr. Bakker, while serving as Vice President of National Sales for MTBR, developed General Nutrition Centers (GNC) as a retail outlet for the company products. He will continue to manage the GNC account in addition to his new duties.
Owen stated, “With the addition of Robert Bakker and KC Quintana to the management team, we believe that we are now well positioned to build our Stemulite™ brand of nutritional supplements into a recognized fitness product line as a healthy alternative to steroids.”
For more information about Metabolic Research, Inc., see www.metabolicresearchinc.com. For more information about Metabolic’s products, see www.stemulite.com or www.mystemulite.com.
Again, if you’re interested in buying Stemulite, you can always get it right here.
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