Monday, November 21, 2011

What's Matt Kemp going to do without Power Balance?

I'm worried. Power Balance is going out of business....

What's Matt Kemp going to do now? Oh my god!

Let's go back to the beginning of this year. On January I posted that Matt Kemp is endorsing Power Balance bracelets. {linked here}

In that post, I wrote that Power Balance was a scam. They even admitted that it was all a joke.

From Power Balance. {linked here}

In our advertising we stated that Power Balance wristbands improved your strength, balance and flexibility.

We admit that there is no credible scientific evidence that supports our claims and therefore we engaged in misleading conduct in breach of s52 of the Trade Practices Act 1974.

If you feel you have been misled by our promotions, we wish to unreservedly apologise and offer a full refund.

- - - - - - -

You read that? That's not me. That's Power Balance saying the bracelets is just a simple bracelet.

Now TMZ is reporting that they have to pay a massive fraud lawsuit. {linked here}

Power Balance -- the company that allegedly duped athletes into believing its bracelets could provide super-human strength -- is about to take a $57 million dollar hit in a lawsuit filed by people who called BS on the product ... TMZ has learned.

As we previously reported, a class action suit was filed in federal court in L.A. back in January ... alleging consumers were duped into believing the hologram-embedded band was scientifically proven to enhance balance, flexibility and strength. There was just one small problem -- there was never any hard evidence to back those claims.

Now, sources with direct knowledge of the situation tell TMZ ... the company has reached a settlement worth $57.4 million, intended to compensate all those who were misled into buying the product.

And it gets worse for PB -- we're told the company will be declaring bankruptcy and plans to fold up shop altogether.

Video - Matt Kemp promoting Power Balance. Is he going to be able to perform next year without the latest Power Balance bracelets? Because you know that those bracelets improves your strength, balance and flexibility! 

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