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![]() "The existing reports out there are fundamentally incorrect," said Keith Kato, president of the Laguna Niguel-based company, in a statement released on Tuesday. "Power Balance did not make any claims that our product does not perform." This comes after the Australian Competition and Consumer Commission (ACCC) raised concerns about the marketing of the product as "performance technology" and its ability to improve balance, strength and flexibility by working with the body's natural energy field. In December, Power Balance acknowledged on its Australian website that there is no "credible scientific evidence" to its claims. At that time, the company withdrew the claims about the benefits and offered refunds to customers who feel they had been misled. Now, the company "stands behind its products," despite the fact that its previous claims in advertisements were not up to Australia's regulatory standards, said Kato. "The belief of thousands of consumers and athletes who wear our products are not wrong," he said. The company voluntarily agreed to stop using the statements until it could provide the ACCC with its criteria of "randomized, double-blind scientific studies that support the use of those marketing phrases," Kato said. In addition, the company notes that a recent preliminary study of the product's performance technology has found that the wristbands do provide a "statistically significant" result. "We are committed to further evaluating the product's performance parameters so that we can continue to provide products that enhance the wearer's lifestyle," said Kato. Founded by brothers Troy and Josh Rodarmel, who are among last year's OC METRO Hot 25 honorees, Power Balance began selling the bracelets in 2007. The product can be seen on athletes such as Alex Rodriguez, Lamar Odom, Carson Palmer and David Beckham. Related headlines OC METRO, November issue: 'OC METRO's Hot 25' OC METRO, January issue: 'Working OUT' OC METRO, December issue: 'The voyage of the Broken Compass' |
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| Comment at 1/5/2011 |
| Comment at 1/5/2011 |
| Comment at 1/5/2011 |
| Comment at 1/5/2011 |