PURCHASE, N.Y., Feb 02, 2006 (BUSINESS WIRE) -- Nutrition 21, Inc. (NXXI) today announced that the company has retained the investment banking firm Dresdner Kleinwort Wasserstein to assist the company in evaluating possible strategic alternatives.
Paul Intlekofer, COO and CFO of Nutrition 21 said, "We are pleased with the progress we have made in our initial efforts to sell branded products directly to retailers.
Dresdner Kleinwort Wasserstein will explore possible alternatives that would enhance our financial capabilities to further develop our retail distribution strategy or that would otherwise maximize shareholder value."
About Nutrition 21
Nutrition 21 is a nutritional bioscience company and the maker of chromium-based supplements with health benefits substantiated by clinical research. The Company markets Chromax(R) chromium picolinate, http://www.chromax.com/, which is the most-studied form of the essential mineral chromium. Nutrition 21 also developed Diachrome(R), http://www.diachrome.com. Nutrition 21 holds 36 patents for nutrition products and uses, 27 of which are for chromium compounds and their uses. More information is available at http://www.nutrition21.com.
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