Wednesday, February 15, 2017 3:00:54 AM
COCONUT CREEK, FL--(Marketwired - February 10, 2017) - NutraFuels, Inc. ("NutraFuels" or "NTFU"), (OTC PINK: NTFU), today announced that it has converted all of the company's short and long-term outstanding debt and is now a debt free company.
NutraFuels is pleased to announce that it has converted approximately one million nine hundred thousand dollars, which was all of the company's existing short and long-term outstanding debt to become a debt free company. This was accomplished through the conversion of debt to equity. All of the outstanding short and long-term debt was held by the company's shareholders, which are insiders that have supported the company and its operations over last several years.
"We are pleased to announce that we are now a debt free company and thank our shareholders who believed in and supported us over the years and held the debt that are confident enough in our business model and progression over the years to now convert all of the outstanding debt into equity in our company," said Edgar Ward NutraFuels President/CEO.
About NutraFuels, Inc.
http://nutrafuels.com/
NTFU was founded in 2010, to manufacture, distribute and market a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. Oral spray delivery systems are recognized by many as an effective methodology for delivery of pharmaceutical and nutraceutical products. Oral spray delivery is recognized by consumers for its convenience, dosage precision and timely assimilation into the body. NTFU's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. NTFU's products are sprayed into the mouth in the form of a fine mist entering the delicate tissue of the mouth. The nutrients are delivered into the bloodstream and assimilated throughout the body more quickly than traditional methods, avoiding the solubility and absorption problems common with most ingested vitamins and nutritional supplements in pill or capsule form.
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