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news.A nutritional supplement company, MusclePharm, has signed a fulfillment agreement with Ivitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MusclePharm's portfolio of products.
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The new fulfillment agreement is expected to improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
MusclePharm president Cory Gregory said that this fulfillment agreement will reduce the cost and delivery time for all product shipments to the company’s many retail and online customers.
"In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand," Gregory said.
"With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order.
"However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."