Navigation Links
Natural Nutrition Subsidiary Reports Record Year-End Revenue and EBITDA
Date:4/1/2008

HOUSTON and OTTAWA, April 1, 2008 /PRNewswire-FirstCall/ -- Natural Nutrition, Inc. (OTC Bulletin Board: NTNI) (http://www.naturalnutritioninc.com) announced today that its operating subsidiary, InterACTIVE Nutrition, Inc. (INII) achieved record unaudited sales of $17.46 million (CDN) and $1.81 million (CDN) in EBITDA for the year ended December 31, 2007.

Tim Connolly, CEO of Natural Nutrition, stated, "We are pleased to report record results for our first year-end for InterACTIVE Nutrition since we took over operating control in May. With EBITDA of $1.81 million (CDN), INII exceeded the level of EBITDA required for 2007 under our $9.3 million Secured Convertible Note with YA Global Investments, L.P. We will be reporting our audited and consolidated results soon, which while showing our positive cash flows in this regard, will also show a loss on a consolidated basis due to one time expenses relating to the settlement of the litigation allowing us to take over control of INII, the cessation of lending activities and write downs related to our discontinued CSI Business Finance activities, and derivative calculations for the convertible debt and warrants held by YA Global advisors. We continue to believe that 2008 will be another record year in sales for the company and increasing positive cash flow for the Company."

InterACTIVE Nutrition International Inc. is a wholly owned subsidiary of Natural Nutrition, Inc. (OTC Bulletin Board: NTNI) and was previously minority owned by Corporate Strategies Merchant Bankers. InterACTIVE Nutrition is an international leader in sports and nutritional supplements backed by over 10 years of research, development and sales of sports nutrition products in over fifteen countries throughout the world. For more information on any of InterACTIVE Nutrition's products, please visit http://www.interactivenutrition.com.

This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations implied by these forward-looking statements. Natural Nutrition's expectations regarding future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, as well as other factors detailed in Natural Nutrition's filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Natural Nutrition today. Natural Nutrition expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations.


'/>"/>
SOURCE Natural Nutrition, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Dogs and Cats Need Omega-3 Fatty Acids Just as Humans Do - Nordic Naturals Offers Premium Fish Oil to Supplement Pets Diet!
2. YoNaturals to Install Healthy Vending Machines at Stanford University
3. Natural Nutrition Renames Former Business Lending Subsidiary i-Nutrition, Inc.
4. Scientists uncover how superbug Staph aureus resists our natural defenses
5. Toms of Maine Introduces a Patent-Pending New Formula with the Launch of its Natural Clean & Gentle Care and Sensitive Care Toothpastes
6. Nordic Naturals Named Top-Rated Supplement Brand in ConsumerLab.com Survey of Vitamin and Supplement Users!
7. Quaker Introduces Simple Harvest(TM) All Natural Multigrain Chewy Granola Bars That Taste Simply Delicious
8. Reducing HD risk naturally post-menopause
9. ANSYS Sponsors Dinosaurs Exhibit at Carnegie Museum of Natural History
10. The Makers of Conquer HA(TM) Launch All-Natural Double Strength Anti- Inflammatory Formula
11. Sunkist Naturals Glorious Greens Smoothie Features Marteks lifesDHA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/30/2016)... ... April 30, 2016 , ... Create ... Abstract users can distort and manipulate three-dimensional shapes with ease all within ... ranks, point, lines, polygons, polygon texture animation, opacity texture animation, overall shape texture ...
(Date:4/30/2016)... , ... April 30, 2016 ... ... CBC News on April 4th, 2016 questioned the use of the HyProCure ... EOTTS-HyProCure as “a controversial procedure.” EOTTS-HyProCure is a minimally invasive procedure performed, ...
(Date:4/29/2016)... ... April 29, 2016 , ... In an article published April ... enthusiasm for Botox and lip injections, which she underwent in order to feel more ... Music and Arts Festival. The article explains that Ms. Mirmelli’s situation is not unique; ...
(Date:4/29/2016)... ... April 29, 2016 , ... On Tuesday, April 26, 2016 members of the ... signature of Gov. Nathan Deal on SB 258, the “Rural Health Care Relief” Bill. ... a 70% tax credit to individuals and corporations which donate directly to a “rural ...
(Date:4/29/2016)... (PRWEB) , ... April 29, 2016 , ... Coast Dental ... 16, 2016, at its new location in the Exchange Furniture Mall at 112 Vilseck ... for a 50-inch Samsung Smart TV. Plus attendees will have the opportunity to meet ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... 2016 Automation is one of ... to the growing demands for productivity in speed, accuracy, ... systems are already adept of a wide range of ... manual labor. Instrumentation continues to evolve, and is poised ... a few years ago. Originally used mostly by the ...
(Date:4/28/2016)... April 28, 2016  While Abbott,s announced purchase ... company,s valve repair and stent business, healthcare research ... Abbott more firmly into patient monitoring.  Kalorama said ... growing device areas, with double-digit growth expected the ... Advanced Remote Patient Monitoring . Abbott ...
(Date:4/28/2016)... April 28, 2016  Marking its one year ... and ovarian cancer risk test, Color Genomics ... genes that highly impact the most common hereditary ... the Color Test analyzes hereditary cancer risks for ... uterine cancers. The Color Test is physician ordered ...
Breaking Medicine Technology: