Science & Technology
Science and Technology
Science and Technology
Thu, July 9, 2009 Muscle Flex Inc.: Kocosports.com, Wrestleview.com and 24Wrestling.com Report Muscle Flex Inc. Poised for Legal Action Following
LOS ANGELES, CA--(Marketwire - July 9, 2009) - Muscle Flex Inc. (
"It is important to note that we are exploring all of our options with respects to our successful trademark ruling over the WWE," commented Danny Alex, CEO of Muscle Flex Inc. "I never expected this dispute to have gone this far; however, offers to discuss an amicable settlement were routinely dismissed by the WWE. We have to act in the best interests of our shareholders and that is to continue the development of our 'In the Raw' brand, third party licensing opportunities and assess all options with respects to infringement and potential damages over the last number of years for the stated wares and services that we legally own and have rights to."
Mr. Alex continued, "I would like to believe that there is a dispute mechanism and a genuine desire between Muscle Flex Inc. and the WWE to resolve this matter in a friendly and cooperative manner. I have always asserted that this is the best solution for both companies. As a fitness company, I am amazed at the level of athleticism the WWE athletes portray but we have to act appropriately and in the sole and best interests of our shareholders. We hope to update our shareholders shortly with additional developments and information with regards to this matter and some of the licensing and direct response product opportunities we are developing for our 'In the Raw' product line."
As part of its trademark victory, Muscle Flex Inc. also announced it is moving forward with developing a diversified portfolio of "In the Raw®" branded merchandise. 'In the Raw' products planned include multiple lines of apparel, such as caps, T-shirts and workout wear, extreme sports, reality-based videos and related music. Future products will be marketed through direct response media as well as traditional retail distribution.
According to the Sporting Goods Manufacturers Association, the U.S. sporting goods industry is nearly a $70 billion business at wholesale, and fitness gear continued its trend as the #1 equipment category in 2008. "Now that the appeal process has concluded, Muscle Flex can begin to realize the many lucrative merchandising and future licensing opportunities of our 'In the Raw' brand," replied Danny Alex.
Kocosports.com:[ http://www.kocosports.com/absolutenm/anmviewer.asp?a=28412&z=4 ]
Wrestleview.com: [ http://www.wrestleview.com/news2009/1246304528.php ]
24Wrestling.com:[ http://www.24wrestling.com/news.php?subaction=showfull&id=1246294549&archive=&start_from=&ucat=6& ]
For additional information regarding the "In the Raw®" trademark and details on the Federal Court ruling, please visit our corporate website at[ www.MuscleFlexInc.com ].
About Muscle Flex Inc. ([ www.MuscleFlexInc.com ])
Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex's corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television shows and content.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Muscle Flex Inc. to be materially different from the statements made herein.
"Muscle Flex" is a registered trademark of Muscle Flex Inc. All Rights Reserved.
"In the Raw" is a registered trademark of Danny Alex in Canada, All Rights Reserved.
