BETHESDA, Md., Dec. 10, 2013 /PRNewswire/ -- Nutroganics, Inc.
(OTC: NUTT) (the "Company") announced today that it has executed a
memorandum of understanding (MOU) with Ultimate Sports Nutrition
(Pty) Ltd. ("USN") under which the two companies will work together
to introduce USN products to the United
States and on other business opportunities within the
nutritional supplement and healthy lifestyle industries.
USN was founded in South Africa
in 2000 and specializes in the marketing of sports nutrition
supplements. USN's international product portfolio offers
sports performance, weight-loss, and muscle-building products in
nutritional delivery systems that are currently sold in over 40
countries. USN generates over $100
million in revenue annually.
Albe Geldenhuys, Founder & CEO of USN, commented: "USN is
thrilled to announce this opportunity to work with Nutroganics to
develop new products and introduce the USN brand into the United States."
"This MOU further expands Nutroganics' footprint in the global
nutritional markets. We value USN's commitment to being at
the forefront of sports nutrition research and consumer marketing,
and we look forward to significant future success with USN," added
David Sackler, CEO of
Nutroganics.
About Nutroganics:
Nutroganics seeks to acquire and grow revenue-generating
businesses operating in the healthy lifestyle marketplace, and
seeks to capitalize on synergies from manufacturing through
distribution. In May 2013,
Nutroganics acquired Silverbow Honey Company, a producer and
packager of honey products founded in 1945 and based in
Moses Lake, Washington.
About USN:
USN has been at the forefront of sports nutrition research,
making effective sports nutrition supplements - as used by
professional and non-professional athletes - widely available.
Sports performance, weight-loss and muscle-building supplementation
have been cornerstones of USN's premium product offerings, as have
beverages and bars. USN is now sold in over 40 countries across the
globe and continues to grow into new territories as the product
quality and its effective results become more widely known.
Forward-Looking Statements:
This release may contain forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors, which may cause the actual
results, performance, or achievements of the Company to be
materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements.
CONTACT:
David Sackler
Nutroganics, Inc.
(516) 513-5113
SOURCE Nutroganics, Inc.