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PARAMUS, N.J., Jan. 4, 2013 /PRNewswire/ -- Inergetics, Inc. (OTCBB: NRTI) announces that James DeLucia has been added to the Board of Directors. Mr. DeLucia is the Founder, President and CEO of AR James Media, Inc., an award winning outdoor advertising and marketing firm that owns and operates over 1,000 billboards across the New York/New Jersey metro area.
AR James Media specializes in the outdoor advertising in transit shelters, junior billboards and various other "out-of-home" mediums including large format and digital. Mr. DeLucia oversees AR James Media's state and municipal programs including public biding and relationship management with various government officials.
Mr. DeLucia started his career on the floor of the New York Mercantile Exchange in 1989. Mr. DeLucia became a member of two divisions of the Chicago Board of Trade, COMEX in 1992 and NYMEX in 1999. After experiencing success as a futures and options broker, Mr. DeLucia formed ALX Energy, Inc.
ALX Energy, Inc. was the premier futures and options brokerage company for banks, hedge funds, utility companies and other large institutions. Mr. DeLucia's expert skills and knowledge led ALX to obtain the record for the most volume ever executed in the Natural Gas prop month close in the history of the contract.
Inergetics CEO and CFO Mike James stated, "We are very excited to add James DeLucia to our Board of Directors. His experience as the President and CEO of two successful start-up companies coupled with his experience and knowledge in the advertising industry will be invaluable guidance for the future of Inergetics and our brands as we push into mass markets."
Mirken made vast claims of great things to occur but did not deliver as Zekester and others had posted. In my opinion Mirken should not have made claims that did not pan out.
My take on the new management team is that they are of the mind set of make things happen and then announce rather than make claims in advance. I PREFER UNDER PROMISE AND OVER PERFORM as the way to go and I believe these people will do just that.
If you listened to the web cast that Michael James did a few months ago , you get that feeling and if you heard things that Mirken claimed when he was in charge was just the opposite. James seems to me to be very cautious in his approach and Mirken a windbag , full of hot air in my opinion.
I don't know their business plan but having real marketing people on board now makes me think they will execute one.
As Zekester said "Time Will Tell"
I agree that Mirken failed miserably as CEO and that is why he is gone.
Michael James in now CEO and has done a fine job in both hats he is now wearing CEO and CFO. Filings are now timely for the 1st time and a marketing team is now in place where there never was one. Mirken was a failure at all posts he held in my opinion and James a success. That is a big difference.
Also James put in cash where Mirken didn't out of pocket. That says a lot as well.
Before you call people CROOKS , you better know your check your facts first.
I am of the belief that this NEW team will gain traction and turn the company around.
You only complain about the past and are not looking ahead to the future.
Sour grapes by the prior poster. The new management has put their money where their mouth is.
I like it when management invests. It shows strength.
Inergetics' Quarter Shows Strong Progress by New Management
By A.J. Deniken, Contributor
Inergetics, Inc. (NRTI) recently released their quarterly report for the quarter ended September 31, 2012. This is the first time in several quarters that the quarterly report was completed and filed early, even in the midst of Super Storm Sandy.
This may further evidence that NRTI`s new management is focused and performing upon their promise to run the business efficiently and effectively. The release included some previously unannounced positive events that occurred in the quarter.
The first disclosure that should be noted is that an entity controlled by Michael C. James, CEO of Inergetics made an investment in the company for $114,000 in the form of an unsecured promissory note which included an origination fee of 570 shares of Series G preferred Stock which converts into 142,500 shares of common stock. This is a very important development showing Mr. James` commitment to the Company while only occupying the CEO position for four months. This suggests Mr. James has confidence in the execution of the business plan he is implementing, and he is on schedule to produce the results he expects in the first quarter, of which is has previously spoken.
Since Mr. James has taken the CEO position, he has acquired over $500,000 in new funding for the company to ensure that the operating cost of the company are covered. More importantly for shareholders of the Company, on October 2, 2012 Inergetics paid off, in full, both debentures owed to Asher Enterprises, Inc. totaling $186,960. These Asher debentures contained potentially toxic covenants that could have super-diluted the Company`s stock wiping out most of the equity value for current shareholders.
These financial events depict a management team that is fulfilling their promise to revamp this Company into a revenue generating, valuable investment for the shareholders. While we now have the evidence that management is performing on the financial side, we should see the product side of the business to begin to show tangible improvement soon. In a Q&A video interview posted last month, Mr. James alluded to several business initiatives he expect to begin showing success in the first half of 2013, including new product lines, the beginning and completion of the studies on their formulation for dialysis patients, and an expansion of their sales channels for the scientifically proven Surgex protein product that is currently available online. This new management team has made significant progress on all fronts in a short amount of time. It is expected that the value of the Company will improve quickly as these initiatives begin to bear fruit over the next couple of quarters.
Disclosure: None
No sellers and no buyers. Looks like a stand off waiting for a reason to either buy or sell.
That has nothing to do with Inergetics nor Surgex. I don't see your point about posting on Monster .......
Some people just
Iike to bash anything a Company announces rather than
Looking deeper into the reasons behind the news.
I
Ike what NRTI is doing regarding social media.
It should help them in branding SURGEX.
PARAMUS, N.J., Sept. 10, 2012 /PRNewswire/ -- Inergetics, Inc. (NRTI), announces that Surgex Sports Blitz, a leader of insider Fantasy Football tips and trades announces its "Blitz the Competition" Retweet (RT) and Follow campaign on Twitter®. This high power contest gives fans a unique, free opportunity to win merchandise autographed by top NFL® players!
To kickoff Monday Night Football, Surgex Sports Blitz is lighting up the competition by offering an autographed football, signed by San Diego Chargers'® All-Pro safety – Eric Weddle. With no cost to enter, fans become eligible to win by following @SurgexSports and retweeting their message. (For full contest details, click here.)
Weddle was a defensive monster in 2011, having the finest year in his career. He finished the season with 88 tackles and a career-high seven interceptions. A first-time selection to the NFL Pro-Bowl, Weddle is considered one of the best safeties in the league. Weddle and the Chargers' defense are looking to an even better 2012. Tune-in to ESPN® on Monday night, September 10, 2012 to see Weddle and the Chargers blitz the Oakland Raiders® in their season opener.
The Surgex Sports Blitz provides fans with exclusive NFL news and rich Fantasy Football content throughout the season with weekly features such as the "Surgex Fantasy Football Five" and the "Surgex Sports Athlete Roundup." You can also follow the Surgex Sports Twitter account (@SurgexSports) which generates live, in-game tweets during the NFL season.
The Surgex Sports Blitz "RT and Follow contest" is one of a number of upcoming promotions centered on fan engagement by Surgex Sports via customized social media platforms on Twitter and Facebook®.
Look for Surgex Sports' roster of NFL stars such as Eric Weddle, rookie sensation Janoris Jenkins of the St. Louis Rams®, impact rookie Dwight Bentley of the Detroit Lions® and Chicago Bears® defensive ace Blake Costanzo all to be featured in this upcoming football season's promotions on The Surgex Sports Blitz.
Some posters here are interested in the future brand building of the Surgex line of products and the reporting of a touchdown by Jenkins is part of Brand Building.
Constantly bashing every announcement by the company serves no purpose except the venting of the posters frustration as the Company slowly turns around from near BK to future prosperity for shareholders.
I believe the new management team led by Michael James along with Jim Kras will bring the results we all want for the Company and shareholders alike.
Remember ROME wasn't built in a day.
I didn't get that impression from reading the update at all. I seems more like we finally have a cohesive team now working on a strategy to bring results that will benefit shareholders.
Mirken obviously failed on his end as the numbers show, and since his departure Jim Kras and Mike James along with the other employees are working together to bring real results instead of promises that were not met.
I also think they want to introduce additions to the Surgex line that are cost effective as well as reaching out to the social media resources to bring attention to Surgex products.
We can only lose 10 cents a share from here on the downside and the upside can be huge if they are successful in turning Inergetics around.
I like the new http://surgexsportsblitz.com web site and think it will be a draw for the Company to get people to learn about the products which will help build the brand.
Lets give the new management team a chance to prove themselves before condemning them as you seem to want to do.
I like the new http://surgexsportsblitz.com web site and think it will be a draw for the Company to get people to learn about the products which will help build the brand.
Lets give the new management team a chance to prove themselves before condemning them as you seem to want to do.
Smart advertising that should catch on.
http://surgexsportsblitz.com
SURGEX now $39.99. I think this is very smart move by them to bring the price in line with the Muscle Milk and other protein powders.
http://www.surgexsports.com/store/Surgex-C1.aspx
This is from fed filing when Mirken resigned. I doubt if he is the contact anymore.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On June 11, 2012, Mark C. Mirken effectively immediately resigned from all of his positions held at Inergetics, Inc. and its subsidiary Millennium Biotechnologies, Inc.
Supplement Industry Marketing Leader Jim Kras Joins Inergetics as the Chief Marketing Officer
PARAMUS, N.J., July 12, 2012 /PRNewswire/ -- Inergetics, Inc. (NRTI) announces that Jim Kras has joined the Inergetics' management team as the Chief Marketing Officer (CMO). Jim's years of experience in the nutrition and consumer products marketplaces includes restructuring and repositioning brands including MET-Rx™ Sports Nutrition and Pure Protein™, divisions of NBTY. During his tenure at NBTY, he successfully repositioned an extensive portfolio of supplement brands, leveraging retail partnerships and driving the sales force.
His accomplishments included relaunching Pure Protein to women with comprehensive marketing campaigns, catapulting the brand to market share leader in all classes of trade which led to unparalleled sales growth that continues to this day. He was also instrumental in the development of Body Fortress™, Wal-Mart's top-seller.
Overall, his team's efforts resulted in the sports nutrition's division revenue growth from $90M to over $200M+ during his leadership.
Jim more recently led Amino Vital™ brands, a division of the global leader – Ajinomoto, as US Director of Marketing, where he focused the brand's critical care heritage as a recovery product to help develop the endurance category in Vitamin Shoppe™ while increasing overall brand sales.
Michael James, Chief Executive Officer and Chief Financial Officer of Inergetics, stated, "As a management team we feel that Jim will bring the industry specific marketing knowledge and experience we have lacked in the past." Mike continues, "We look forward to working with Jim to position the brands for growth, while expanding distribution and executing world-class marketing campaigns to drive revenue and build a highly profitable business moving forward.
I agree , call 908-604-2500 and then press 0 and ask for CEO , Michael James or Frank Guarino .
Do any of you take the product at all. If you did then you would see why the Company needs to stay in business. Everyone I know who takes the Surgex or Resurgex swear by it as the best health and energy restoring product they have ever taken.
I take Surgex twice a day and feel great and have not had even a cold this winter while many around me suffer from colds , flu, and other diseases.
So before you totally give up on the NRTI ; buy the product and try it. You may change your tune after you did.
Great work tetorese2000
You really amaze me with your reply. 25,000,000 shares as a new floor is the right number at this stage. Any further dilution will be for buildout and sales growth in my opinion.
Simple logic shows that the reverse stock split now is the right move. Doing it later may prove fatal and send the wrong message to the street. Doing it now when the company is still in a startup phase sends the right message and once tax sellers are through ; the stock should rise and with further positive actions from the company ; the stock should move smartly higher later in 2011 and beyond.
I think a reverse stock split now is PROPER and a very good thing. Getting it done now as they begin delivering results will not cause any ill will toward the company. In fact it will set the tone for institutional investors to come into play as they deliver results.
25 Million shares after reverse split is much more in line with what should be outstanding. 2 Billion shares is way out of line IMO.
2011 should tell the story once and for all as to INERGETICS future.
Toad; Insiders haven't sold any stock at all from SEC filings. You are wrong TOADDODGER.
Shareholders approved a RS between 1 for 40 shares held up to 1 for 80 shares held.
YES IT IS!!!!!!!!!
You are forgetting that Michael James, the CFO replacing Frank at that position , comes to NRTI with a very successful track record and WALL STREET experience. He is also CEO material and completes the management team along with Aida Aragon.
I liked the interview. Mark Mirken did a good job. The interviewer sounded a little weak though and got the name wrong. He called the company Intergetics not Inergetics as it really is.
I liked the part where Mirken said they are working on a Low Calorie version SURGEX. That will be great for people who want the nutritional value but not the calories.
St Jude and Columbia trials could prove a bonanza for the Cancer nutritional Resurgex products as well.
All in all ; I think it was a very good interview.