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HealthSport, Inc. (HSPO) news stock charts

HealthSport, Inc. (HSPO/HSPO.OB) Investment Summary:

HealthSport, Inc., through its subsidiaries, engages in the development, manufacture, distribution, and marketing of edible film strip products containing nutritional supplements and over-the-counter drugs primarily in the United States. Its products include ENLYTEN SPORTSTRIPS, which is used in oral rehydration therapy to replenish the body's electrolyte levels after dehydration caused by exercise, diarrhea, or vomiting; ENLYTEN PEDIASTRIPS that delivers electrolytes to children without sugar or other non-essential additives; and FIX STRIPS and ENLYTEN ENERGY FILM STRIPS that are nutritional supplements, which provide caffeine, electrolytes, antioxidants, and other essential vitamins and mi...
www.healthsportinc.com
43 Employees

HEALTHSPORT INC (HSPO:OTC Bulletin Board Market)

LAST $0.07 USD
CHANGE TODAY -0.005 -6.67%
VOLUME 21.4K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of HEALTHSPORT INC (HSPO)

OPEN
$0.08
PREVIOUS CLOSE
$0.08
DAY HIGH
$0.08
DAY LOW
$0.07
52 WEEK HIGH
04/2/09 - $0.52
52 WEEK LOW
02/16/10 - $0.07
MARKET CAP
3.6M
AVERAGE VOLUME 10 D
36.4K
EPS TTM
$-0.11
SHARES OUTSTANDING
50.8M
HSPO Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for HEALTHSPORT INC (HSPO)

HealthSport Inc. Announces Management Changes

HealthSport Inc. announced that in connection with the Stock Purchase Agreement, each of the four board designees, as a condition to their appointment, will place into escrow pursuant to the Stock Pledge Agreement and the Escrow Agreement a written resignation which shall become effective, at the Company's election, upon the occurrence of an Event of Default under the Promissory Note or the Stock Pledge Agreement. M.E. Hank Durschlag, Anthony Seaber and Jeffrey Wattenberg, agreed to resign their positions as directors effective and contingent upon the closing of the SMI Financing. In connection with the SMI Financing, M.E. Hank Durschlag and Jeffrey Wattenberg agreed to resign from their respective positions as officers of the Company effective and contingent upon the closing of the SMI Financing. Mr. Durschlag currently serves as the Company's chief executive officer. Mr. Wattenberg currently serves as the Company's president.

HealthSport Inc. Terminates Creason & Associates PLLC and Engages Rose, Snyder & Jacobs as Auditors

On September 14, 2009, HealthSport Inc. mutually agreed with Creason & Associates PLLC to terminate relationship with Creason as the company's independent registered public accounting firm. This termination was approved by board of directors. On October 27, 2009, the company engaged Rose, Snyder & Jacobs to serve as independent registered public accounting firm for fiscal 2009. The engagement of RSJ was approved by its board of directors.

HealthSport Inc. Announces Additions to Business Advisory Panel

HealthSport Inc. announced the additions of Jennifer M. McCallum, Ph.D., Esq. and Dennis Patrick to the newly formed Business Advisory Panel (the 'BAP'). The BAP was formed as an independent, expert body capable of providing HealthSport with high-level business guidance and support as well as innovative thinking across a diversity of areas. Dennis Patrick is Chairman of National Geographic Ventures. Jennifer McCallum is the principal partner at The McCallum Law firm.

HealthSport, Inc. financial resources

otc, otcbb, pinksheet, HSPO, ob HealthSport, Inc.

HSPO Competitors

Company Last Change
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Industry Analysis

Valuation HSPO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x

HSPO

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HSPO transactions

Type
Date
Target
Private Placement
November 6, 2009
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More Recent Financial News About HealthSport, Inc.

Veteran University Sports Medicine Researcher Joins Healthsport, Inc. Board of Directors

Quote: Seaber, has joined HealthSport, Inc. as a member of its Board of Directors.Mr. Seaber was educated in England and has been on staff at Duke University for over 35 years, most recently as Director of the Orthopedic Research Laboratories. He has published over 250 scientific articles in major medical journals, and has presented research extensively in the U.S. and abroad. During his years at Duke, he worked closely with all aspects of the Duke University Healthcare System, as well as the Duke Spor...
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HealthSport, Inc. Announces Issuance of Mexican Patent

Quote: 3 /PRNewswire-FirstCall/ -- HealthSport, Inc. (OTC Bulletin Board: HSPO), the preeminent formulator and developer of edible, multi-layer film strips that deliver drug and dietary supplement actives through buccal and sublingual absorption as well as oral ingestion, announced today that the Mexican Institute of Industrial Property has approved HealthSport's patent application relating to its bi-layer edible film strip technology.  The patent issuance opens the door for sales and distribution i...
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HealthSport, Inc. Announces Issuance of Mexican Patent

Quote: 3 /PRNewswire-FirstCall/ -- HealthSport, Inc. (OTC Bulletin Board: HSPO), the preeminent formulator and developer of edible, multi-layer film strips that deliver drug and dietary supplement actives through buccal and sublingual absorption as well as oral ingestion, announced today that the Mexican Institute of Industrial Property has approved HealthSport's patent application relating to its bi-layer edible film strip technology.  The patent issuance opens the door for sales and distribution i...
Read article

HealthSport, Inc. Announces Agreement for $10 Million Investment by SMI Manufacturing

Quote: Funds from the investment will be used to strengthen HealthSport's working capital position, provide funds for R&D and enhance HealthSport's current manufacturing plant, creating a state-of-the-art, GMP compliant R&D and production facility.Closing of the transaction is contingent on certain conditions and the fulfillment of certain covenants that, if not met, could result in the termination of the financing.A full description of the terms of the stock purchase agreement and other transa...
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HealthSport, Inc. Closes Stock Purchase Agreement With SMI Manufacturing - Receives $2.5 Million

Quote: HSPONews), the preeminent formulator and developer of edible multi-layer film strips that deliver drug or dietary supplement active ingredients through buccal and sublingual absorption as well as oral ingestion, announced today that it has received $2.5 million from its strategic manufacturing partner, SMI Manufacturing, according to the terms of the stock purchase agreement between the Company and SMI dated November 6, 2009.Under the terms of the stock purchase agreement, SMI was issued a 55% s...
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HealthSport, Inc. Closes Stock Purchase Agreement With SMI Manufacturing - Receives $2.5 Million

Quote: HSPONews), the preeminent formulator and developer of edible multi-layer film strips that deliver drug or dietary supplement active ingredients through buccal and sublingual absorption as well as oral ingestion, announced today that it has received $2.5 million from its strategic manufacturing partner, SMI Manufacturing, according to the terms of the stock purchase agreement between the Company and SMI dated November 6, 2009.Under the terms of the stock purchase agreement, SMI was issued a 55% s...
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Veteran University Sports Medicine Researcher Joins Healthsport, Inc. Board of Directors

Quote: Seaber, has joined HealthSport, Inc. as a member of its Board of Directors.Mr. Seaber was educated in England and has been on staff at Duke University for over 35 years, most recently as Director of the Orthopedic Research Laboratories. He has published over 250 scientific articles in major medical journals, and has presented research extensively in the U.S. and abroad. During his years at Duke, he worked closely with all aspects of the Duke University Healthcare System, as well as the Duke Spor...
Read article

HealthSport, Inc. Develops Weight Management Strips to Add to Its Health Conscious Products Line

Quote: Our research and development team will continue to develop further weight management products which will include strips for blocking sugar and burning fat to take advantage of the $60 billion weight management industry," stated Hank Durschlag, CEO of HealthSport. About HealthSport, Inc. http://healthsportinc.comhttp://www.innozen.com), is the preeminent formulator, developer and manufacturer of edible film strips that deliver drug actives through buccal (between the cheek and gum) absorption. I...
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HEALTHSPORT, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits

Quote: ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On May 21, 2009, the board of directors of Healthsport, Inc. appointed Anthony V. Seaber and Jeffrey Wattenberg to serve as members of our board of directors. Mr. Seaber is a Senior Research Associate at Duke University where he has served in various capacities for over 35 years, most recently as Director of the Orthopedic Research Labo...
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Jeffrey Wattenberg Joins HealthSport, Inc. Board of Directors

Quote: HSPONews) announced today that Jeffrey Wattenberg has joined HealthSport, Inc. as a member of its Board of Directors. A private investor for the past 20 years, Jeff Wattenberg has served as an independent consultant to various entities seeking to raise venture capital and structure business operations. He founded Briefserve.com, the largest digital, legal brief archive in the United States, which was acquired by Westlaw. He also served as a consultant and early stage investor to Kineret Koshe...
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HealthSport, Inc. Announces Agreement for $10 Million Investment by SMI Manufacturing

Quote: Funds from the investment will be used to strengthen HealthSport's working capital position, provide funds for R&D and enhance HealthSport's current manufacturing plant, creating a state-of-the-art, GMP compliant R&D and production facility.Closing of the transaction is contingent on certain conditions and the fulfillment of certain covenants that, if not met, could result in the termination of the financing.A full description of the terms of the stock purchase agreement and other transa...
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HEALTHSPORT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement

Quote: Entry into a Material Definitive Agreement. (a) Stock Purchase Agreement with Supplemental Manufacturing & Ingredients, LLC On November 6, 2009, HealthSport, Inc., a Delaware corporation ("we," "us," "our" or the "Company"), entered into a stock purchase agreement (the "Stock Purchase Agreement") with Supplemental Manufacturing & Ingredients, LLC, an Arizona limited liability company ("SMI") pursuant to which we agreed to issu...
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