Yoga Shelter to feature celebrity trainer Eric Paskel's Xflowsion
LOS ANGELES--(Business Wire)--
uKarma Corporation (OTCBB:UKMA), a lifestyle multimedia and
consumer products company focused on health, wellness and personal
development, announced today that they have entered into a letter of
intent (LOI) to acquire Yoga Shelter, LLC. uKarma will purchase Yoga
Shelter with it's common stock.
Yoga Shelter currently operates four yoga and fitness studios in
Michigan, three of which are corporately owned and one is jointly
owned with an outside party pursuant to a licensing agreement. Yoga
Shelter offers yoga and fitness classes, yoga teacher training
programs, and travel and retreats throughout the world.
In addition, Yoga Shelter owns Yoga Medics, LLC which provides
customized and cost-effective medically based yoga programs to prevent
injuries, prepare patients for surgery, rehabilitate them after
surgery, and treat various ailments and conditions. All YogaMedics
protocols are evidence-based, consistent with traditional clinical
treatment models, and delivered by trained and certified YogaMedics
expert professionals.
One of Yoga Shelter's members and investors is Hannan Lis, former
COO of Weight Watchers. Lis will be active in helping uKarma expand
retail Xflowsion and Yoga Shelter studios as he did with Weight
Watchers retail locations, along with providing strategic advisory to
uKarma for its weight loss and fitness products.
"uKarma's pending acquisition of Yoga Shelter presents an exciting
opportunity for reaching consumers in their pursuit of healthy living
on a larger scale," remarked Lis.
"Yoga Shelter fits perfectly into uKarma's vertical integration
strategy" said Bill Glaser, CEO of uKarma Corp. "uKarma will use Yoga
Shelter as a platform to offer Xflowsion teacher training and retreats
as well as expand our rapidly growing brand."
Once the deal is finalized, Steve Feldman, president of Yoga
Shelter will become VP of uKarma and Yoga Shelter will offer Xflowsion
classes in all its studio locations. This announcement comes on the
heels of uKarma's first Xflowsion fitness studio, home DVD series and
infomercial.
Xflowsion, with its revolutionary Triple Training(R), is the only
exercise program that efficiently and effectively combines the best
elements of three proven workouts: martial arts, power yoga, and
dance, into one convenient and fun workout, producing jaw-dropping
results in one-third the time.
The Xflowsion DVD series is currently available online via
www.xflowsion.com.
More About uKarma
Los Angeles based uKarma Corporation is a lifestyle multimedia and
consumer products and services company focused on health, wellness and
personal development. Our mission is to enrich peoples' lives and well
being through the creation of exceptional DVDs, CDs, books and other
proprietary products and services. Our focus is developing products
that are fun, entertaining, and engaging so our customers are
empowered to reduce stress, lose weight, build fitness, improve
nutrition, enhance personal relationships, and become environmentally
friendly. Our goal is to provide our customers with tools and
information that can help them achieve total health, happiness, and
prosperity that can last a lifetime. For all of your healthy living
pursuits, we aspire to be All U Need(TM).
Media Contact:
The Rose Group
Whitney Ashley, 310-280-3710
Whitney@therosegrp.com
or
Danielle Patla, 310-280-3710
Danielle@therosegrp.com
or
uKarma Investor Relations Contact:
Kulman IR, LLC
Craig Kulman / Tom Pronesti
305-749-3112
Copyright Business Wire 2008
