, a leading online wholesaler of nutritional supplements and comprehensive resource for nutraceutical information, Thursday announced that it has submitted a formal offer letter to merge with (Nasdaq:MTHR) on a one-for-one share basis. presently has approximately 27,425,000 shares outstanding, and approximately 15,153,590. "Our offer represents a real opportunity to grow our mutual businesses and shareholder value as opposed to the recently tendered cash offer for, which actually results in a substantial loss for many shareholders," said Dr. Allen Josephs, president of "By merging's business model, management and patented and patent-pending products with's customer base and cash reserves, the new company would be poised for explosive growth." Last month, moved its corporate headquarters from Springfield, Ill. to a new, larger facility, located in Boynton Beach, Fla., designed to accommodate up to $100 million in sales per year. In addition, has added key management with the addition of Kerry Danchak, vice president of operations and Joel Kovin, chief financial officer. Danchak most recently led the distribution operations at Rexall Sundown, which was recently purchased for $1.7 billion and Kovin has served as CFO for three public companies as well as audit manager for Deloitte & Touche. " currently has a run rate of approximately $4.8 million in annualized sales, representing a greater than 100 percent increase over prior quarters. This was accomplished through smart, managed growth, targeted marketing, low overhead and streamlined back-end operations," said Joel Kovin,'s chief financial officer. "By combining our two companies and eliminating duplicative overhead, the resulting operation is projected to exceed $19 million in annualized revenue and over $1 million in net profit by the first year."