Advantage Marketing Systems, Oklahoma City, said yesterday it had signed a letter of intent to acquire Universal Nutrition Corp., a direct marketer of nutritional products.
Terms of the agreement were not disclosed. The deal is subject to the approval of Advantage Marketing Systems' shareholders.
Universal Nutrition Corp., Atlanta, develops diet and beauty products that are sold via direct mail, infomercials and the Internet. The company is projecting $35 million in sales this year with profits of more than $5 million before taxes.