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FitLife Brands (FTLF) is a profitable and fast growing nutritional supplements company that is the #1 vendor in the GNC franchise system. The company has showcased a 39% CAGR over the last three years, and expects to grow at a double digit CAGR over the next 3-5 years. John Wilson, CEO of FitLife, and his management team have successfully turned the company around since he joined the company in 2009. In September of 2013, the company completed a recapitalization, which cleaned up the share structure and balance sheet. We feel the perceived customer concentration risk with GNC isn’t well understood by the market, and creates an interesting value proposition for investors.