BLRB: I apologize for the delay in the pr. Please see it below.
By: Varok
28 Oct 2004, 05:10 PM EDT
Msg. 16036 of 16053
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I was informed that the PR on BLRB was held up and didn't go out at 6 AM..I have now been told that it will be released this evening..Also, there will be more PRs next Wednesday and the following weeks with some real positive numbers..This company is on the move and you will be excited of upcoming events.
Sorry for the announcement last night..
Have a good day
Varok
Blue Ribbon and Garden State Nutrition to Finalize Agreement
THURSDAY, OCTOBER 28, 2004 6:12 PM
- Business
NEW YORK, Oct 28, 2004 (BUSINESS WIRE) -- Blue Ribbon International, Inc. (OTC "BLRB") announced today that it had reached a definitive agreement with Garden State Nutrition (GSN) for its initiative into the food supplement business. This agreement is scheduled for formal signature the week of November 1st, 2004.
Michael W. O'Gorman, Blue Ribbon's Chairman and Chief Executive Officer stated "This is an update of an earlier announcement. The time spent in the last several months has allowed BLRB to refine the expectations of our efforts with GSN. Based upon the information provided by GSN, we expect that BLRB revenues for the first full year of joint operation with GSN could amount to $ 4 Million, which would represent earnings of two cents (2(cents)) per share. We expect tangible results starting in the second quarter of 2005."
The Nutrition Twins, who are represented by Blue Ribbon, will be involved in the joint BLRB and GSN product development initiatives. The Nutrition Twins have attained national prominence from their book " Rev Up Your Metabolism ", published by Simon and Schuster.
Mr. O'Gorman further stated " We are beginning to see interesting synergies. GSN has expressed a keen interest in the manufacture and distribution of some BLRB patented olive oil based nutriceutical products imported from Greece, particularly an facial and body enzyme treatment. Similarly, we believe that BLRB can utilize the distribution arrangement currently under negotiation with a Master Distributor/Broker to find new outlets for the products developed or endorsed by the Nutrition Twins. Obviously, these additional projected results will have a positive impact on our revenue and earnings expectations and we will be advising our shareholders as these arrangements are solidified."
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS (WITHIN THE MEANING OF SECTION 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BLUE RIBBON INTERNATIONAL, INCORPORATED HAS NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE SATISFIED INCLUDE MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN BLUE RIBBON INTERNATIONAL'S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR FINANCIAL CONDITION AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN BLUE RIBBON INTERNATIONAL'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
SOURCE: Blue Ribbon International Inc.
Blue Ribbon International
Michael O'Gorman, M.B.A., J.D., 212-929-7000
Copyright (C) 2004 Business Wire. All rights reserved.
AI
