MusclePharm Closes More Pre-Orders Reaching Pre-Production Sales Goal of $1 Million for MP Performance Energy Line Through Collective Distributors

CALABASAS, Calif., Aug. 23, 2021 (GLOBE NEWSWIRE) — MusclePharm Corporation (OTCMKTS: MSLP), a global provider of leading sports nutrition & lifestyle branded nutritional supplements, today reported that they have closed $1.0 million to date in pre-orders for MP Performance Energy, their new functional energy drink line, through their eight collective distributors. These orders will begin to ship in September 2021. MP Performance Energy will be on shelves in initial markets this September and FitMiss will be on shelves by close of 2021.

Mr. Ryan Drexler, MusclePharm’s CEO and Chairman of the Board, stated, “Our ability to secure multiple top distributors and $1 million in pre-orders before product launch speaks to the strength of our brand name and our new energy business partners. We are just getting started in the functional energy space but I have every confidence in our beverage business and our ability to hit $30 million in annual sales in 2023. In honor of reaching $1 million in pre-order sales we will be donating 2,500 cases of MP Performance Energy to first responders across the United States and will be establishing a charitable fund. We will issue a release with further details on this fund in the coming weeks.”

Forward-Looking Statement

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This list of risks, uncertainties and other factors is not complete. We discuss some of these matters more fully, as well as certain risk factors that could affect our business, financial condition, results of operations, and prospects, in reports we file from time-to-time with the SEC, which are available to read at www.sec.gov. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the results of any revisions to the forward-looking statements made in this press release.

About MusclePharm Corporation

MusclePharm® is an award-winning, worldwide leading sports nutrition & lifestyle company offering branded nutritional supplements. Its portfolio of recognized properties include the MusclePharm® Sport Series, Essentials Series, and recently-launched Natural Series, as well as FitMiss™ – a product line designed specifically for female athletes. MusclePharm® products are available in more than 100 countries globally, with its Combat Protein product lineup being the company’s most popular.

Contact:

John Mills, Managing Partner
ICR, Inc.
646-277-1254
John.Mills@Icrinc.com