MUNDELEIN, Ill., Nov. 12, 2012 /PRNewswire/ -- Z Trim Holdings, Inc. (OTC Markets: ZTHO – News), a bio-technology company providing value-added ingredients to a variety of industries, today announced that its toll manufacturer, Aveka Nutra Processing ("ANP"), has begun producing products for Z Trim Holdings, Inc. ("ZTH").
ZTH and ANP entered into a tolling agreement last year, providing that ANP would build a facility capable of producing a minimum of 100,000 pounds per month of Z Trim ingredients, with the capability of scaling up to 1 million pounds per month.
"As unique as Z Trim ingredients are to the food and energy industries, they are equally unique to manufacturing," said ZTH CEO, Steve Cohen. "We are extremely happy to have ANP as a business partner, as they bring a tremendous amount of manufacturing experience and know-how to the table. Our growth as a Company has always been dependent upon our ability to grow our manufacturing capabilities, and this is a monumental step forward."
Kyle Hanah, ZTH's VP of Technology, said, "This is great news for all of our customers, existing and new. With ANP now on-line, we feel confident we can fulfill all their current needs and continue to grow as they implement Z Trim ingredients into more of their product categories. Our sales and distributor teams can now be empowered to take on the whole marketplace and really show how Z Trim Ingredients can help manufacturers make better finished products at lower costs."
Dr. Willie Hendrickson, founder and CEO of ANP, stated, "This is a great accomplishment for both ANP and ZTH. We know that ZTH has technologies and products that are truly unique, and we are happy to be in a position to help them grow their business. The sky is the limit."ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is a bio-technology company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets. The Company's food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems. The Company's revolutionary technology provides value-added ingredients across virtually all food industry categories. The Company's all-natural products, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity – all without degrading the taste and texture of the final food products. Perhaps most significantly, Z Trim's products can help extend finished products, and thereby increase its customers' gross margins. The Company's industrial division, opened in 2012, plans to sell eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries. The Company's industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward−looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward−looking statements. Other factors, which could materially affect such forward−looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward−looking statements and are cautioned not to place undue reliance on such forward−looking statements. The forward−looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward−looking statements to reflect subsequent events or circumstances.Contacts:Media:
Investor Relations:Angela Strickland
Thomas Wagner (847) 549-6002
Legend Securities, Inc.firstname.lastname@example.org
718-233-2627 John ColumbiaLegend Securities, Inc.718-233-2677
|SOURCE Z Trim Holdings, Inc.|
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