Meridian USA Holdings, Inc., developers and marketers of ChampionLyte®, the only sugar-free, calorie-free, carbohydrate-free sports drink on the market and Sweet `N Low® sugar-free syrups, has changed its name to ChampionLyte Products, Inc.
“We believe the name change better reflects consumer recognition and the direction in which our company is moving,” said Alan Posner, CEO of ChampionLyte Products. “As ChampionLyte®, the only “guilt free” sports drink on the market, continues to become a widely distributed and widely known branded name, the new corporate name better represents our Company’s focus.”
The Company stock symbol, formerly MUSD, is now CPLY, effective Oct. 3, 2001.
ChampionLyte® is the first completely sugar-free entry into the $2.3 billion isotonic sports drink market. The products that currently dominate the market have between 33 and 38 grams of sugar and up to 150 calories in a 20 ounce bottle.
ChampionLyte®, is the only sports drink with the benefits of electrolyte replacement without sugar, fat, calories or carbohydrates. All four flavors, lemon- lime, orange, grape and fruit punch, were awarded the 2000 and 2001 American Taste Award of Excellence.
The Company said it will soon introduce two new flavors of ChampionLyte® – Pink Lemonade and Blue Raspberry(TM).
ChampionLyte Products is also the developer of the proprietary Sweet’N Low® brand sugar-free, fat-free and cholesterol-free syrups which are sold in more than 20,000 retails outlets throughout the nation including Krogers, Winn Dixie, Albertsons, Shop Rite, Stop & Shop, Jewel and Wal-Mart SuperCenters. The syrups are also exported to several foreign countries.
“The new company name does not diminish the important role that Sweet’N Low® syrups play in our business operations,” said Posner.
About Meridian USA Holdings
ChampionLyte Products, Inc. is a fully reporting public company whose shares are listed on the OTC Bulletin Board and are traded under the stock symbol CPLY. Through its subsidiaries, The Old Fashioned Syrup Company, Inc., and ChampionLyte®, a sports drink division, it develops, markets and sells sugar-free, fat-free and cholesterol-free products to retailers and food service customers nationwide. The Company is the exclusive licensee of Cumberland Packing Corp. for use of the Sweet’N Low® brand for its proprietary line of sugar-free, fat-free and cholesterol-free syrups, currently available in three flavors, chocolate, strawberry and vanilla creme.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.