NutriOne Makes Headway Into Middle East Market
Wednesday March 14, 9:00 am ET
The World's Most Dynamic City to Be Center of Operations for NutriOne's International Licensing Efforts in the Region
OTTAWA, ON--(MARKET WIRE)--Mar 14, 2007 -- NutriOne Corp. (Other OTC:NNCP.PK - News) announced today that it has opened its first overseas office in the growing market hub of Dubai in the United Arab Emirates.
"Not only is Dubai the World's fastest growing commercial center and great financial hub, it is also a gateway into the rest of Africa and Asia Minor with over 1.8 billion people within a 3 hour flight. We also chose Dubai as we needed to follow up our licensing negotiations with leading dairy product manufacturers and distributors located there," said Dr. Nicolas Matossian, Chairman of NutriOne. "We also see this area as a highly favorable location to raise capital for future global expansion. The Gulf Cooperative Countries (GCC) alone have over $500 billion USD in private capital," further added Dr. Matossian.
About NutriOne
NutriOne Corp. is an American corporation established to develop a unique, functional food process for the North American and global consumer. With an ever-increasing active population focusing on healthier life styles, there has been a worldwide emergence of a new category of food products referred to as "functional foods." Within functional foods are nutraceuticals which use natural ingredients to add health benefits and help prevent disease. The most common examples include milk fortified with Omega-6 and Omega-3, calcium and vitamin D. The global market for functional foods is estimated to have reached over $95 billion USD in 2006. Consumers are just beginning to become aware of these fabulous foods. Further to this NutriOne was established to develop, manufacture and sub-license additives to improve the nutritive qualities and functional food values for finished products in the food and beverage industries. The process relates to the production of enhanced baked goods, confectionary, dairy and pet foods.
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