SALT LAKE CITY, Jan. 12, 2004 -- Advanced Healthcare Technologies (OTCBB:AVHC) CEO Johnny Sanchez, of Salt Lake City, Utah, announced today that AVHC is in the process of amending its Articles of Incorporation to change the company name to NutraTek, Inc. and obtain a new CUSIP number and trading symbol as the company is now focusing on the products and formulas of NutraTek, its wholly owned subsidiary.
NutraTek is a company engaged in the nutraceutical and wellness business with proprietary blends and formulas to enhance nutritional health. NutraTek has developed a proprietary meal-replacement shake clinically researched to manage blood sugar and promote weight loss. NutraTek has licensed the U.S. rights for NutraSmooth, its blood sugar product, to BioMDX, a newly formed, wholly owned subsidiary of AVHC that sells directly to physicians. NutraSmooth is currently under review for classification as a medical food for the management of type II diabetes and obesity. Final classification from the U.S. FDA is expected in the first quarter of 2004. NutraRiche is a proprietary non-caloric sweetener believed to be a healthy alternative to sugar. NutraRiche is owned and developed by NutraTek.
As majority shareholder and CEO, Mr. Sanchez anxiously accepts the responsibility to lead the company into the next trillion-dollar wellness industry. Mr. Sanchez has moved its base of operational activities to Salt Lake City, Utah.
Mr. Sanchez is a successful businessman who has extensive experience in the wellness and nutraceutical industry. Mr. Sanchez has built a strong management team with over 50 collective years' experience in building successful companies in the wellness industry. Mr. Sanchez intends to aggressively pursue large retail and private label distribution agreements while staying on the cutting-edge of new product development for the healthcare industry.
About Advanced Healthcare Technologies:
Advanced Healthcare Technologies is a biotech company that engages in the development and incubation of companies with products and services in the health and wellness industry.