REDMOND, WA (April 25, 2004) - Nutraceutix, Inc. a leading contract manufacturer of premium high viability probiotics and advanced controlled delivery health supplements, is pleased to announce that Mr. Steve Moger, former Corporate Financial Officer and General Manager, has completed the acquisition of Nutraceutix in its entirety from SCOLR, Inc. Nutraceutix, Inc. is now a privately held corporation.
Nutraceutix is expanding its successful bulk probiotic fermentation, freeze-drying and blending operations and will be occupying, along with all administrative departments, a new, state-of-the-art facility in May of 2004. Nutraceutix is also expanding its tableting and product packaging capabilities to accommodate increased business in contract finished goods production including bulk tablets, capsules and bottled product in both the probiotics market as well as the controlled delivery nutraceutical market where it offers unique controlled delivery applications.
In concert with the change of ownership and business expansion, Nutraceutix is pleased to announce the appointments of Mr. Randy Schoenfeldt, a Nutraceutix veteran, to Vice President of Business Development and Mr. Tim Gamble, a long-time associate of Mr. Moger, to Vice President of Sales and Marketing. Mr. Moger comments, “Formalizing our executive management team with experienced, knowledgeable business people like Randy and Tim brings a new level of professionalism to an already strong organization. I am very pleased with the team we have assembled at all levels in the company.” He adds, “We won’t miss a beat with existing clients and are poised to capture a significant portion of the growing probiotics and controlled delivery nutraceutical markets with our outstanding products.”
Nutraceutix, Inc. develops custom, made-to-order formulations of distinctive high viability probiotics and exceptional controlled delivery nutraceuticals for private labels and brands. Nutraceutix leverages an unmatched collection of advanced “BIO-TECHNIQUESTM” (technology and process patents, patents-pending, trademarks, licensing arrangements and extensive expertise) to provide truly distinctive products to customers and the brands they promote. Nutraceutix-made products are selling in thousands of leading, quality-conscious retail outlets today. For more information on Nutraceutix, please call 1.800.548.3222 or visit http://www.nutraceutix.com/.