Announces news---------------------------------------------------------------------------------s Release
Nutroganics, Inc. (NUTT)Revenue Guidance and Roadmap for 2016
Published: Oct 28, 2015 9:00 a.m. ET
BETHESDA, MD, Oct 28, 2015 (Marketwired via COMTEX) -- Nutroganics, Inc. (otc pink:NUTT) ("Nutroganics") announces that it expects its calendar 2016 revenue to be in the range of $20 - 22 million. The Company also anticipates having financial audits for 2014 and 2015 completed in 2016. Audited financial statements (combined with an SEC registration statement) will provide a greater level of disclosure to the Company's shareholders and make the Company's stock eligible for up-listing to either OTCQB or, subject to listing requirements, a listed exchange.
The Company has also begun the expansion of its honey packaging and distribution capabilities in Utah to more effectively manage its growth in the Rocky Mountain, South Central, and Southwestern United States. Finally, the Company is looking to add at least another 20,000 square feet of manufacturing space in the first half of 2016, increasing the Company's total to over 100,000 square feet of manufacturing and warehouse space.
David Sackler, Nutroganics' President & CEO, said, "We are optimistic about solid organic growth in our core business in 2016. We continue to add new equipment and new capabilities to our business, allowing Nutroganics to increasingly be a one-stop shop for nutritional brands wishing to have a strong manufacturing and distribution partner with a NSF Certification. Our expanded capabilities and capacity allow us to serve larger, more diversified customers that in the past would have either not been able to be accommodated or would have exceeded the company's operational ability. We now have those abilities."
About Nutroganics:
Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics owns Silverbow Honey Company, a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and NuStar Manufacturing, LLC, a Utah based packager of nutritional products and supplements.
For more information, contact David Sackler at dsackler@nutroganics.com or (240) 223-1000, and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, rich@yesinternational.com, 757-306-6090, www.nutroganics.com.
Forward-Looking Statements:
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.
Contact:
David Sackler
240-223-1000
Email Contact
Rich Kaiser
757-306-6090
Email Contact
SOURCE: Nutroganics, In
