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:3/30/2017)... ... March 30, 2017 , ... This ... to President Trump expressing their support for an independent Vaccine Safety Commission. Five ... and one medical journalist, will hold a press conference at 9:00 AM ...
(Date:3/29/2017)... Atlanta, Georgia (PRWEB) , ... March 29, 2017 , ... ... Theresa Therilus, founder of Pet Protect Law that assists dog owners in ... will assist new owners in taking the natural next step to protect their new ...
(Date:3/29/2017)... ... March 30, 2017 , ... Sports Brand EXOUS Bodygear ... which retails normally at $29.97; for the remaining days of March, the price will ... reduced to a special price of just $10 (regular retail price $19.97). , The ...
(Date:3/29/2017)... ... March 29, 2017 , ... ... in Carnegie, OK, from Dr. Jamie Cameron, with or without a referral. ... to traditional orthodontic treatment. Depending on each patient’s case, treatment with the FASTBRACES ...
(Date:3/29/2017)... ... March 29, 2017 , ... Curio Wellness , a premium medical cannabis ... the company’s executive management team with prominent executives from both inside and outside the ... Operating Officer, Ted Dumbauld , who has more than twenty years of business ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... , March 29, 2017 ... report, which provides an exhaustive study of the U.S. ... nearly 242 companies are functional in this market ... With the leading companies, such as GlaxoSmithKline Plc., ... focusing aggressively on various marketing strategies to increase ...
(Date:3/29/2017)... 29, 2017 Research and Markets has announced ... report to their offering. ... The global lifestyle drugs market to grow at a ... report, Global Lifestyle Drugs Market 2017-2021, has been prepared based on ... covers the market landscape and its growth prospects over the coming ...
(Date:3/29/2017)... -- Varian Medical Systems (NYSE: VAR ) announced ... of fiscal year 2017 following the close of regular trading ... followed by a teleconference available to all interested parties at ... the conference call webcast will be available on the company ... and replay: ...
Breaking Medicine Technology: