Praesidian Capital Supports the Acquisition of Nutritional Laboratories

NEW YORK, March 9, 2005 /PRNewswire via COMTEX/ -- Praesidian Capital Investors, LLC ("Praesidian"), a provider of mezzanine debt for middle market companies, today announced that it provided $7.2 million in Subordinated Debt to support the acquisition of Nutritional Laboratories International, Inc. ("NLI"), a leading manufacturer of quality nutritional supplements, by management and Red Diamond Capital, L.P. ("Red Diamond").

"Nutritional Laboratories has an excellent track record and bright future prospects in the nutritional and dietary supplement market," said Ted Koch, of Praesidian Capital. "We are very excited to partner with Red Diamond and NLI's management. We hope to continue to support NLI, the premier manufacturer of nutritional supplements in the United States, in its growth initiatives."

About Praesidian Capital

Praesidian Capital provides mezzanine debt for middle-market companies. The firm provides growth capital for established, historically profitable companies as well as capital for management/leveraged buyouts, recapitalizations and refinancings. Praesidian Capital's executives have overseen successful exits for over 60 deals in the past 20 years and have been involved in all aspects of the deal life-cycle. For more information, visit

About Red Diamond Capital

Formed in 2002, Red Diamond Capital, L.P. is an independent $150 million private equity fund that invests in middle market distribution, manufacturing and service businesses in North America. With its committed capital provided primarily by Mitsubishi Corporation, Japan's leading trading company, through its U.S. subsidiary, Mitsubishi International Corporation, Red Diamond offers a unique mix of strategic resources, industry-focused capital and management expertise to fuel the growth of its portfolio companies. To learn more about Red Diamond visit

About Nutritional Laboratories International

Nutritional Laboratories International, Inc. is one of the nation's leading manufacturers of nutritional and dietary supplements. The Company develops, manufactures, and packages custom vitamin and mineral formulations, botanical, weight loss and other functional formula supplements for recognized branded product marketing companies. NLI was founded in 1997 by a team of dietary supplement and food industry veterans, and conducts its operations from production facilities in the Missoula, Montana area. The Company employs sophisticated manufacturing procedures supported by advanced in-house laboratory services and an intense focus on quality assurance and customer service. For more information, visit

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