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Before IPO, Go2Pharmacy puts chips on the table
© St. Petersburg Times, published October 16, 2000 How about a few tasty "Lean Protein Chips" to go with that IPO? Go2Pharmacy Inc. of Largo says it's come up with the world's first high-protein snack chip with absolutely no carbohydrates, and just in time. The company is about to take the public plunge, hoping to net $7.2-million from a late October initial public offering at $8 a share. In addition to selling chips under its Lean Protein label, Go2Pharmacy is a wholesaler of private-label nutritional supplements and health and beauty aids. The 47-employee company's big plans include a business-to-business Web site, a division to administer pharmacy benefits for companies and expansion of its Largo manufacturing facilities. But Go2 faces a tough stock market. Shares of DrugMax.com, also of Largo, have been trading for less than $6 a share after peaking at $20.19 in March. Go2Pharmacy is a supplier to DrugMax, and two DrugMax directors also are on Go2's board: Go2 chairman Jugal K. Taneja and Pinellas businessman Joseph Zappala, former ambassador to Spain. Taneja's 25-year-old son, Mihir K. Taneja, is CEO. Go2 previously was known as Innovative Health Products Inc. and, before that, as Energy Factors Inc.
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From the Times Business report
From the AP
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