Mach One acquires White Hat Brands

Mach One Corporation (OTCBB: MNCN), a global wellness solutions company, and White Hat Brands, LLC today announced the two companies have completed a definitive agreement whereby Mach One has acquired 100% interest in the fast-growing maker of kids' health and wellness beverages, including White Hat's top-seller Dog On It® Fortified Juice Beverages.

Financial terms of the deal were not disclosed. "This acquisition will enable us to substantially and quickly grow our revenue in the very high profile children's healthy food and beverage marketplace," said Steve Grubner, president of Mach One.

“This is our chance to bring health and wellness food and beverages to the mainstream…Customers and consumers will get to discover that being healthy can also taste good”

"We started White Hat Brands four years ago with modest resources but an ambitious vision to provide a delicious healthier drink choice to every kid in America," said Kevin P. Quirk, president and CEO of White Hat Brands. "Developed with sensitivity to the alarming growth in health-related childhood diseases, and with a more sophisticated, health-conscious consumer in mind, White Hat Brands is thrilled to complete this merger with Mach One and extend our brands and mission to a much wider audience," continued Quirk.

In combining with White Hat, Mach One is creating a new consumer-driven business unit, the Nutritional Products Division, focused on healthy food and beverages. The newly formed division will be run by current White Hat management, spearheaded by Quirk. "White Hat Brands is at the forefront of the rapidly growing health and wellness arena, and Kevin and his management team have successfully anticipated and met consumer needs in this expanding category," said Tad Ballantyne, interim CEO of Mach One. "This transaction is a prime example of our commitment to execution of our mission to bring nutritional branded consumer products to market beyond the more clinical therapeutic bio-solutions we produce," continued Ballantyne.

White Hat Brands, LLC was started in 2006 by Quirk after a long career with The Coca-Cola Company. After successfully testing Dog On It® in the Northeast and developing several other pipeline products, White Hat was introduced to Mach One Corp through a mutual investor. "This is our chance to bring health and wellness food and beverages to the mainstream…Customers and consumers will get to discover that being healthy can also taste good," added Grubner.