FitBeats™, the fitness MP3 leader, today announced it has formed a Committee to explore strategic alternatives to include a sale of the Company or other possible transactions.
The Committee is comprised of Gregory Tanner, Angelo Tanner and Erin Koksal.
“During the past year, I have focused efforts to take command of FitBeats and creating a stable business position. Given the evolving and competitive landscape, I think now is the time to explore strategic alternatives to further the business.” Comments Founder Gregory Tanner
FitBeats struggled through the Recession but remained online with it’s presence and in 2011 was resurrected with a renewed vigor. The original FitBeats company structure was dissolved and purchased back by Greg and ACF Ventures LLC in 2012.
ACF Ventures LLC is serving as advisor to FitBeats while exploring alternatives. FitBeats and ACF Ventures are Hispanic owned businesses. FitBeats was the first fitness MP3 product offered in Spanish.
There can be no assurance that this exploration process will result in any transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until FitBeats approves a specific transaction or otherwise concludes the review of strategic alternatives.
FitBeats™ continues its online offerings with training programs for a wide range of athletic endeavors. It has also been scientifically designed to meet the high demands of today’s on-the-go culture. Programs include cycling workouts, running and walking workouts, even an AbJam, to help athletes get through what to many is a chore: abdominal exercises.
Visit FitBeats.com for more information.
About ACF Ventures LLC.
With relationships in the Hispanic markets and community, ACF Ventures LLC is focused on bringing knowledge and experience specialized in the Hispanic and Minority communities. At ACF Ventures LLC we know that first time business owners and specifically family owned business require attention, experience and guidance in areas that are unfamiliar. We bring familiarity, confidentiality and trust to our relationships with our clients.
Visit ACFVentures.com for more information.