LAS VEGAS, Feb 27, 2004 (BUSINESS WIRE) -- Nutri Pharmaceuticals Research, Inc. (Pink Sheets:NRIP.PK), is pleased to announce a new open-ended contract to supply high concentrate natural Vitamin E O2PT (oil to powder) product to International Specialty Botanical Products, Inc. The contract calls for the monthly processing and shipment of two or more tons of Vitamin E powder. This agreement, valued at minimum 1.2 million dollars, will be a significant addition the company's yearly sales.
"This contract, together with the recently announced acceptance of Kenko Corporation, of Tokyo, as our exclusive Japanese Distributor for the Company's O2PT products should further strengthen the Company's bottom line," Said Godfrey Yew, president and CEO of Nutri Pharmaceuticals Research.
About Kenko: Kenco Corporation is a major Japanese manufacturer, distributor and world-wide exporter of chemicals, allied products, pharmaceuticals and supplementary nutrients. Last year it had global sales of 150 million dollars.
About Nutri Pharmaceuticals Research Inc.: Nutri Pharmaceuticals Research Inc. is the world's leading processor of oil-to-powder. The company's proprietary O2P process transforms most edible oils into a free-flowing powder form that preserves more of the natural active components than other processes. Such powdered oils have application and demand in the food ingredient, livestock feeds, pet foods, nutraceutical, cosmetic and pesticide market sectors. We are also a wholesale private label manufacturer of vitamins and health food supplements.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and implementation thereof.