Financing to Support Rapid Demand for Natural and Other Nutraceutical Products
St. Petersburg, FL: January 15, 2002 - Nutraceutical Clinical Laboratories International, Inc. (NCLII) announced today the closing of a $2 million credit facility.
The allocations will be used to support the full-scale manufacturing of its proprietary nutraceutical products with a special focus on the groundbreaking natural preservative, NuPreserv™.Amidst growing demand by food and beverage manufacturers for NuPreserv, the company has earmarked much of the capital for finalizing the construction of its state-of-the-art facilities.
Mr. Paul Simmons, chairman and CEO of NCLII, sees the credit facility as a catalyst for increasing shareholder value.
“These funds allow us to successfully meet the demands of our customers and accelerate the growth of our company without any current dilution to our shareholders,” says Simmons. “This marks an exciting milestone in the company’s immediate goals for manufacturing.”
The company’s primary thrust is to capitalize on its preservative NuPreserv, a highly-adaptable formulation made from natural ingredients that has proven health benefits and the ability to extend the shelf life of food and beverage products by several times the effectiveness of chemical preservatives. Ultimately, this allows distributors to cut deliveries to food retailers by as much as 50%.
“An increasing number of food and beverage manufacturers are recognizing the need for a more cost efficient and effective alternative to toxic chemical preservatives,” says Simmons. “NuPreserv offers a bonanza of benefits both for health-minded consumers who are worried about the chemicals that exist in many of the foods they eat and for food manufacturers who are concerned about trimming the bottom line. We believe that Americans can look forward to a future where the majority of the foods in our grocery stores no longer contain chemical or artificial ingredients.”
Founded in 1997, NCLII is a leader in the research, development and manufacturing of nutritional, nutraceutical and alternative health formulations designed to bring the benefits of anti-aging, health and well-being to consumers worldwide. NCLII’s primary focus is the production of its natural food preservative, NuPreserv, which has proven the ability to extend the shelf life of a vast array of food products by several times the effectiveness of toxic chemical preservatives and is less expensive.
Nutraceutical Clinical Laboratories International, Inc. trades on the OTC market under the symbol “NCCL” and can be found on the following servers: nasdaq.com, cnbc.com, pinksheets.com, and otcquote.com. Nutraceutical Clinical Laboratories International, Inc.’s web site is www.nutradata.com.
Special note: Forward looking statements in this press release are made pursuant to the “safe-harbor” provision of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including without limitation, market acceptance of, demand for, the Company’s products, manufacturing, development and distribution issues, product pricing, competition, technological changes and other risks not identified herein.