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Nutrition 21 Announces Second Consecutive Profitable Quarter in Q2 Fiscal 2009
Date:2/5/2009

ategy or an inability to execute its strategy due to changes in its industry or the economy generally; the emergence of new or growing competitors; various other competitive factors; and other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission, including its Form 10-K/A for the year ended June 30, 2008. Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this press release will in fact occur. Additionally, the Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that may bear upon forward-looking statements.

Financial Tables on Following Pages

                              NUTRITION 21, INC.
                        Consolidated Balance Sheets
                               (in thousands)
                                 (unaudited)

                                              December 31,     June 30,
                                                  2008           2008
                                                  ----           ----
     ASSETS                                    (unaudited)

     Current assets:
      Cash and cash equivalents                   $3,228        $4,817
      Accounts receivable, net                     7,027         2,922
      Other receivables, net                         322           286
      Inventories, net                             1,606         1,014
      Prepaid expenses and other current assets    1,442         1,483
                                                   -----         -----
             Total current assets                 13,625        10,522

     Property and equipment
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SOURCE Nutrition 21, Inc.
Copyright©2009 PR Newswire.
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