ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 14, 2002-- Nutraceutical Clinical Laboratories International, Inc. (OTCBB:NCCL) and Sterling Foods, Ltd. announced today that they have entered into a contract to use NCLII's preservative product, NuPreserv(TM), in Sterling's baked good products. Sterling currently produces baked good products for both the United States Armed Forces and commercial markets.
"We are very excited about the benefits that NuPreserv will add to our baked goods. With NuPreserv we will be using a more natural preservative, which will help to extend the freshness of our baked goods," said John D. Likovich, President and Chief Executive Officer of Sterling Foods.
"Joining with Sterling provides us with another quality partner for our preservative products," said Gary L. Harrison, NCLII's Chairman and Chief Executive Officer. "Since Sterling is the preeminent supplier of bakery products to the U.S. military, we are excited that we will be providing value and benefit to our men and women serving in the military both at home and abroad by helping Sterling provide them with fresh baked goods," added Harrison.
"This new contract with Sterling is another step in the continued growth of our business within the bakery segment," commented Mr. Harrison. "Additionally, we are also continuing our testing of NuPreserv in many other new products."
Nutraceutical Clinical Laboratories International, Inc. trades on the OTC market under the symbol "NCCL" and can be found on the Internet at: nasdaq.com, cnbc.com, pinksheets.com, and otcquote.com. Additional Company Information may be found at Nutraceutical Clinical Laboratories International, Inc.'s web site: http://www.nutradata.com.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements, other than historical facts, included in the foregoing news release regarding the Company's business strategy and plans of management for future operations are "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These statements, which include, but are not limited to, words such as "expect," "anticipate," "plan," "estimate," "project" and "intend" are based on management's beliefs and assumptions, and on information currently available to management. Forward- looking statements involve certain known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the Company's ability to successfully implement its business plan; any uncertainties relating to business and economic conditions in markets in which the Company operates; any uncertainties relating to customer plans and commitments; the timely development and market acceptance of the Company's products and technologies; possible product defects and product liability, dependence on intellectual property rights, the highly competitive environment in which the Company operates and other risks detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities.
For further information, contact Pat Koepke, Vice President, Investor Relations, at NCLII (toll free at 888-645-1010).