NutraFuels, Inc. (NTFU) Year End 2017 Corporate Update
COCONUT CREEK, FL--(Marketwired - January 17, 2018) - NutraFuels Inc. ("NutraFuels" or "NTFU"), (OTC PINK: NTFU), today announced the following corporate update.
Increased Revenue
As previously reported NutraFuels achieved record revenue for the 9 months ended September 30th 2017 of $1,030,000.00. Revenue for the quarter ending December 31st 2017 totaled approximately $600,000 ending the fiscal 2017-year with approximately $1,630,00.00 compared to the fiscal 2016-year end of $225,000.00, an increase of approximately 624%.
New Business Development
Edgar Ward, CEO, states order flow is continuing at a very strong rate from both existing customers along with new orders from newly developed customer accounts. NTFU has recently secured multiple customer accounts and is in the process of creating a number of new products utilizing the company's proprietary formulas packaged with the company's unique and novel patented delivery systems to produce efficient and effective over the counter (OTC) nutraceutical products.
New High-Tech Manufacturing Facility
As previously announced the company secured an additional facility at the newly constructed Deerfield Beach Technology Park located in Deerfield Beach, Florida. The 20,000 square foot facility will accommodate high speed manufacturing of the company's products using unique and novel advanced patented delivery systems. The facility fully equipped will allow the company to produce more than 2 million units daily totaling net annual revenue of more than $300 million dollars. Construction will begin in the coming weeks.
CEO Edgar Ward states, "We are very excited about the future of NutraFuels. The market for our products is exploding and we are working to become a leader in our industry."
