Wechsler Harwood Continues Its Class Action Against Twinlab Corporation On Behalf Of Investors (Nasdaq: TWLB)

Wechsler Harwood Halebian & Feffer LLP continues its class action lawsuit on behalf of all persons who purchased the common stock of Twinlab Corporation ("Twinlab" or the "Company")(NASDAQ: TWLB) between April 27, 1999 and November 15, 2000, inclusive (the "Class Period"). The Complaint charges Twinlab and certain of it officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder.

The complaint alleges that defendants violated the federal securities laws by making false and misleading statements contained in press releases and filings with the Securities and Exchange Commission concerning, among other things, the Company's business, financial condition, earnings and prospects. Specifically, the Complaint alleges that Twinlab, by overstating its inventory through recording fictitious and obsolete inventory, inflated its reported financial condition and results of operations during the Class Period by at least $16 million. The Complaint also alleges that defendants continued to tout the Company's ability to achieve expected sales results despite continued declining demand and the obsolescence of certain of its products.

On November 15, 2000, after the close of trading, defendants announced that it was unable to timely file its Form 10-Q for the quarter ended September 30, 2000 with the SEC. It was also disclosed that Twinlab would adjust its inventory down by approximately $16 million for "missing" and "obsolete" inventory, and that it was discontinuing the sale of certain staple product lines and "significantly reducing its projection of herbal sales for the year ended December 31, 2000," as a result of weak demand. It was further reported that the Company had to obtain waivers of breaches of its debt covenants as a result of the foregoing.

On November 16, 2000, the price of Twinlab's stock plummeted by more than 35 percent from its previous day's close of $5.00 per share to close at $3.250 per share. The stock traded as high as $11.00 per share during the Class Period.

Plaintiff seeks to recover damages on behalf of Class members and, is represented by the New York law firm of Wechsler Harwood Halebian & Feffer LLP, which has extensive experience representing shareholders in class actions and has been recognized as able practitioners by the courts. http://www.whhf.com/

If you purchased Twinlab common stock between April 27, 1999 and November 15, 2000, inclusive you, may, not later than 60 days from November 22, 2000, move the court to serve as a lead plaintiff of a class action seeking to recover damages on behalf of all similarly-situated purchasers of Twinlab common stock, excluding the defendants and their affiliates.

In order to serve as a lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please CONTACT:

  Wechsler Harwood Halebian & Feffer LLP
  488 Madison Avenue
  New York, New York 10022
  Telephone:  877-935-7400 (toll free)
  Facsimile:  212-753-3630
  Patricia Guiteau, Shareholder Relations Department:  pguiteau@whhf.com

SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau, Shareholder Relations Department of Wechsler
Harwood Halebian & Feffer LLP, 877-935-7400, Fax - 212-753-3630,
pguiteau@whhf.com

Website: http://www.whhf.com/