(1888PressRelease)
June 19, 2007 - Ottawa, Canada and Houston, Texas – In investment news, Natural Nutrition, Inc (stock symbol: NNTN) a medical and health products growth stock investment company has announced settlement of litigation giving them ownership and operational control of Interactive Nutrition, Inc. a well established health products company manufacturing and selling a full line of quality sports nutritional products in 15 countries throughout the world.
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Price Waterhouse Coopers, Inc. has confirmed that Interactive Nutrition posted 2005 annual gross revenues of $18,203,025 (CND) and net receipts of $4,091,890 (CND). Updated financials will be released by Natural Nutrition, Inc. (NNTN).
Interactive Nutrition (corporate web site: http://www.interactivenutrition.com ) owns a 60,000 Square Foot state-of-the-art manufacturing facility in Ottawa, Ontario Canada that is cGMP (current Good Manufacturing Practices) and NHP (Natural Health Products) Licensed And Certified, far exceeding government and industry standards.
Sports nutrition and health products manufactured by Interactive Nutrition include: Amino Acids, Meal replacements, Muscle Building, Performance Enhancers, Protein Bars, Sports Nutrition, Weight Gain and Weight Loss -- Over 200 variants in different flavors and sizes to meet the consumer requirements.
Able to manufacture products beyond sport supplements including: Herbal medicines, vitamins, minerals, amino acids, essential fatty acids and probiotics Interactive Nutrition has the potential for significant expansion.
Tim Connolly, CEO of Natural Nutrition commented, " We are pleased to report to our shareholders that we are now in control of this profitable ten year old established manufacturer of sports nutrition products and we look forward to maximizing its value for our shareholders."
Experienced business builder Fred Zeidman will to serve as non-executive Chairman of the Board. Mr. Zeidman is the Former Chairman of Seitel, Inc., a NYSE listed leading provider of seismic data and related geophysical expertise to the petroleum industry. He is also a founder of The Houston Texas Venture Capital Association.
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This news release is for informational purposes only. No part of this releease is to be considered stock solicitation or an offer to buy or sell securities. This release may contain "forward looking statements" as defined by SEC regulations. All information shown was obtained from data available on the Internet.
