Natural Nutrition Renames Former Business Lending Subsidiary i-Nutrition, Inc.
Monday March 24, 12:45 pm ET
HOUSTON and OTTAWA, March 24 /PRNewswire-FirstCall/ -- Natural Nutrition, Inc. (OTC Bulletin Board: NTNI - News) www.naturalnutritioninc.com announced today that its subsidiary, CSI Business Finance, Inc., has been renamed i-Nutrition, Inc. As the company previously disclosed in its third quarter 10Q, the lending activities of CSI Business Finance have been wound down, no new loans have been made, and all proceeds from loan payments received going forward will be used to fund the growth of Natural Nutrition's direct to consumer sales. "i-Nutrition, Inc. will be the company's primary marketing arm outside Canada, and we intend to focus all of our capital resources on growing the sales of Natural Nutrition's products throughout the world. We believe our shareholder interests are best served in growing sales and filling the capacity of our manufacturing subsidiary InterACTIVE Nutrition, Inc. and will have the most impact on our bottom line. Small business lending is no longer part of our business plan."
InterACTIVE Nutrition International Inc. is a wholly owned subsidiary of Natural Nutrition, Inc. (OTC Bulletin Board: NTNI - News) and was previously minority owned by Corporate Strategies Merchant Bankers. InterACTIVE Nutrition is an international leader in sports and nutritional supplements backed by over 10 years of research, development and sales of sports nutrition products in over fifteen countries throughout the world. For more information on any of InterACTIVE Nutrition's products, please visit www.interactivenutrition.com
This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations implied by these forward-looking statements. Natural Nutrition's expectations regarding future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, as well as other factors detailed in Natural Nutrition's filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Natural Nutrition today. Natural Nutrition expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations.
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Source: Natural Nutrition, Inc.
