Zuellig Group Announces the Formation of Global Nutritional Group (ZGNI)

LONG BEACH, Calif., Sep 29, 2004 /PRNewswire via COMTEX/ -- The Zuellig Group today announced the formation of a new global nutritional group which will engage in the supply of premium quality nutritional and pharmaceutical ingredients to healthcare and nutritional companies and the development and marketing of innovative dietary supplements. This new organization will be known as ZGNI.

ZGNI currently has several operations in North America and Asia-Pacific and is actively seeking acquisitions, joint ventures and partnerships globally. The mission of ZGNI is to be the leading provider of value-added, premium quality ingredients, which will be primarily manufactured and sourced in the country of origin. Also, in Asia-Pacific, where the Zuellig Group has been operating for more than 90 years, it is ZGNI's intention to become the leading marketer of western and traditional nutritional products. The Company is planning to expand manufacturing capabilities in North America to provide customers with value-added manufacturing services and novel ingredients.

The company recently opened sourcing offices in China and is finalizing plans to enhance steam sterilization capacity and herbal powder manufacturing in China. The Group is expanding upon historical relationships and its strong Asian network to establish exclusive supply arrangements with local manufacturers. "We offer tremendous know-how and market access to our potential sourcing partners, and to our customers," stated David Turner, the newly appointed Chairman of ZGNI.

"We are also in the process of expanding our management team and finalizing a number of new strategic initiatives which will allow us to offer our customers improved access to novel ingredients and to supply premium quality products to consumers," he added. Mr. Michael Li recently joined the Group as Director of New Product Development and Mr. Paul Dijkstra will shortly be joining the Group in the capacity of Vice-President Corporate Development.

The creation of the Group brings together the various companies operating in the Nutritional industry in North America and Asia-Pacific. This new organization will both leverage and become an asset to the other parts of the Zuellig organization.

ZGNI will be represented at the upcoming Supply-Side West Conference in Las Vegas through the Group's interests in BI Nutraceuticals, based in Long Beach, California. BI Nutraceuticals is a full-line supplier of premium quality nutritional ingredients to the healthcare industry in North America.

Zuellig Group

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