BELLEVUE, Wash., Aug 12, 2004 (PRIMEZONE via COMTEX) -- Nutri Source Industries, Inc. ("Nutri Source") (Pink Sheets:NUSI) announced today that John Manker has been named the new President and Chief Executive Officer of Nutri Source Industries. Concurrently, prior President and Board Chairman Darrell B. Thune has resigned.
Manker holds an economics degree from Western Washington University and has served in the US Army Air Defense and Intelligence division, Buedingen, Germany. Manker will lead the company's growth and acquisition strategy, utilizing his contacts within the nutraceutical industry and related businesses.
"I am excited by the immense opportunity I foresee in this company," commented Manker. "Nutri Source is well positioned to capture part of a high-growth industry that we anticipate will continue to gain momentum as people turn towards healthier lifestyle choices." He added, "My first order of business is to move ahead with our acquisition based growth strategy and solidify the relationships and agreements that have been presented to Nutri Source. I will move as quickly and aggressively as possible to bring the company into the revenue generation stage, which should occur relatively quickly."
About Nutri Source Industries, Inc
Nutri Source is in the business of purchasing berry crops and utilizing the various products derived from those crops in a number of industries including the nutraceutical industry. Nutraceutical is a coined word, crossing the words nutritional and pharmaceutical and generally coming to mean any nutritional supplement designed for any specific clinical purpose(s). They are sold on the market as foods for general consumption (or "health foods") to be used as "supplements" to nutrition (diet).
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by the Company or any other person that the objective and plans of the Company will be achieved.