Navigation Links
Turnaround Partners Sells Minority Ownership in Interactive Nutrition to Natural Nutrition
Date:1/7/2008

HOUSTON, Jan. 7 /PRNewswire-FirstCall/ -- Turnaround Partners (OTC Bulletin Board: TRNP) http://www.turnaround-partners.com announced today that it's Corporate Strategies subsidiary has sold its ten percent ownership stake in Interactive Nutrition (INII) to INII's parent, Natural Nutrition, Inc. (OTC Bulletin Board: NNTN). Russell Kidder, newly appointed CEO of Turnaround Partners, said, "We received a total consideration of $890,000 for our ownership in INII, as we intend to focus our efforts on the turnaround, business growth, development and sales of alternative and clean technologies in the future. A substantial part of the consideration given by Natural Nutrition was paid in convertible securities owned by them in an alternative energy company, which was a great fit with our new business focus. Natural Nutrition now owns and controls 100% of its primary operating subsidiary, INII, and they divested non-core assets that we wanted in the transaction. It really is a "Win Win" for both companies."

About Turnaround Partners, Inc. -- Turnaround Partners, Inc. (OTC Bulletin Board: TRNP) http://www.turnaround-partners.com provides hedge funds, banks, and portfolio investors with business growth, organizational restructuring, and turnaround execution services for emerging and re-emerging public companies. Turnaround Partners is unique in that we accept payment for our services in the common stock of the companies we serve, aligning our interests with those of the client's shareholders and preserving their corporate cash reserves for working capital and growth. As Turnaround Partners succeeds, the shareholders of our valued clients succeed. Turnaround Partners believes our approach provides Turnaround Partners shareholders with an opportunity to realize greater gains than merely receiving cash payments for our services. We consider Turnaround Partners to be the ultimate business resource for emerging and re-emerging public companies.

About Natural Nutrition, Inc. -- InterACTIVE Nutrition International Inc. is a majority owned subsidiary of publicly traded Natural Nutrition, Inc. (OTC Bulletin Board: NNTN) and was partially 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. InterACTIVE Nutrition's trusted products are scientifically formulated, and manufactured to improve athletic performance and overall health. For more information on any of InterACTIVE Nutrition's products, please visit http://www.interactivenutrition.com.

All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Turnaround Partners, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Turnaround Partners, Inc.'s. control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Turnaround Partners, Inc.'s. filings with the Securities and Exchange Commission.


'/>"/>
SOURCE Turnaround Partners
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. DaVita and Phoenix-Based Southwest Kidney Institute Form Broad Partnership
2. AAPPO and HCAA Form Partnership to Enhance Services to Meet the Changing Business Needs of PPOs and TPAs
3. MB Software Corporation Reaches Agreement with Keystone Equity Partners
4. HealthPartners Reports 2007 Most Cost Effective Programs Reduce Expenses by $74 Million
5. Partnership for Prescription Assistance Urges All Americans To Pass on the Gift of Health this Holiday Season
6. BAXL Technologies Partners With Epikinonia at Maternity Clinic in Athens, Greece
7. UCLA-industry partnership to develop, commercialize new nanotechnology
8. New Bayer, United Nations Partnership Brings International Environment and Art Competition to Local Elementary and Middle Schools
9. Oh Mama! Partners with Feed the Children
10. New Bayer, United Nations Partnership Brings International Environment and Art Competition to Pittsburgh-Area Elementary and Middle Schools
11. New Bayer, United Nations Partnership Brings International Environment and Art Competition to Northern New Jersey Elementary and Middle Schools
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... ... On June 10-11, 2016, A Forever Recovery, a holistic treatment center for ... Table in Battle Creek, MI, where the rehabilitation facility is located. This annual celebration ... world’s leading providers of cereal and other breakfast foods. Its residents often refer to ...
(Date:6/26/2016)... ... June 26, 2016 , ... Many women are ... with endometriosis. These women need a treatment plan to not only alleviate symptoms ... can help for preservation of fertility and ultimately achieving a pregnancy. The specialists ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... ... ... On Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health ... of their exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards ... at the BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to ...
(Date:6/24/2016)... ... ... June 19, 2016 is World Sickle Cell Observance Day. In an effort to ... treatments, Serenity Recovery Center of Marne, Michigan, has issued a pain management ... (SCD) is a disorder of the red blood cells, which can cause episodes of ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... -- Research and Markets has announced the addition ... 2022" report to their offering. ... with kidney failure, it replaces the function of kidneys by ... and thus the treatment helps to keep the patient body,s ... Increasing number of ESRD patients & substantial healthcare ...
(Date:6/23/2016)... -- Roche (SIX: RO, ROG; OTCQX: RHHBY) announced that ... PCT (procalcitonin) assay as a dedicated testing solution for ... clearance, Roche is the first IVD company in the ... risk assessment and management. PCT is a ... in blood can aid clinicians in assessing the risk ...
(Date:6/23/2016)... Bracket , a leading clinical trial technology and specialty ... Bracket eCOA (SM) 6.0, at the 52 nd ... in Philadelphia , Pennsylvania.  A demonstration of ... its kind to fully integrate with RTSM, will be held ... a flexible platform for electronic clinical outcomes assessments that is ...
Breaking Medicine Technology: