Nutrition 21 Announces Fiscal First Quarter 2010 Financi...(tely-owned company continued Mr. Zeher....),Health

Date:11/4/2009

tely-owned company," continued Mr. Zeher. "We will announce the terms of the proposed sale if the transaction proceeds and a binding agreement is signed. Proceeds from the sale of these assets would improve the Company's short-term financial situation, and would allow us to refocus our efforts on growing our consistently profitable ingredients business.

"There are many nutritional products, supplements, pharmaceuticals, and animal feed products that can be enhanced by the addition of our patented ingredients. We look forward to developing these new business opportunities both here in the U.S. and abroad. Accordingly, we're pleased to note that our chromium picolinate product was recently approved for use as an ingredient in the European Union markets.

"In short, we are working to alleviate our current financial situation and to gradually become a profitable company. We plan to grow the business with more focused and streamlined operations, an improved balance sheet, and consistently positive cash flow. "

About Nutrition 21

Nutrition 21, Inc. (OTC BB: NXXI.OB), headquartered in Purchase, NY, is a nutritional bioscience company and the maker of chromium picolinate-based and omega-3 fish oil-based supplements with health benefits substantiated by clinical research. Nutrition 21 holds more than 30 patents for nutrition products and uses. Nutrition 21's portfolio of health and wellness products include: Iceland Health Chromax®, Iceland Health Advanced Memory Formula(TM), Diabetes Essentials(TM), Iceland Health® Maximum Strength Omega-3 and Iceland Health® Joint Relief. The company also manufactures private label supplements and ingredients for third parties. Nutrition 21 distributes its products nationally through more than 29,000 major food, drug and super center retailers as well as internationally. For more information please visit http://www.nutri
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SOURCE Nutrition 21, Inc. Copyright©2009 PR Newswire. All rights reserved

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