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.
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