NEWS
!!!NutriPure Beverages, Inc. Names New CFO; Prepares for Potential Move to Higher Exchange !!!
SCOTTSDALE, Ariz., Feb 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- NutriPure Beverages, Inc. (Pink Sheets: NUBV) announced today that it has named Sherry M. Tapp as its new Chief Financial Officer and is taking additional steps to prepare the company for possible moves to either a fully-reporting pink sheets company or to a higher exchange.
Ms. Tapp was educated at Hamburg University in Germany and has more than 20 years of accounting experience in a wide area of settings. For the past three years she has served as a Budget Financial Analyst for K. Hovnanian Enterprises, Inc. in Mesa, AZ, where she handled Sarbanes-Oxley, Month-End, property tax accrual for over 2,000 lots, and quarterly budgets for a Fortune 500 client.
Steve Nickolas, CEO and President of NutriPure Beverages, Inc. commented, "We are very pleased that Ms. Tapp has joined the company as its new CFO. Ms. Tapp was chosen after a careful and extensive selection process and we are very confident that she is the perfect choice to fill this very important position. Ms. Tapp will play a key role in next few months as we prepare for our upcoming annual audit and begin production and distribution of our Nu2O product line."
COMMENTARY
Mr. Nickolas went to say, "This is a very exciting time in terms of NutriPure's corporate development. We are positioning the company into a very strong situation in terms of financial reporting and trading options. Last year the company completed fully audited financials for fiscal year 2006, our auditors for fiscal year 2007 are in place, and we expect to be caught up and current with all 2007 quarterly audits as well as our year-end 2007 audit very soon. Once the company's final 2007 audits have been completed, we will reassess all our options and select which reporting status and which exchange will be in the best interest of the company and its shareholders. This could include continuing as a regular pink sheets company, remaining on the pink sheets as a fully reporting company, or moving to a different exchange entirely. We see all these options as viable and exciting and will make our final decision based on the market factors at that time, as well as the company's current needs and development. Either way, we look forward to 2008 as a banner year for NutriPure Beverages, Inc."
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