Tuesday, December 07, 2010 4:04:32 PM
NRTI NEWS--Inergetics Executes Product Development Agreement for Nutritional Supplement With
Muscle Maker Grill
Inergetics to Manufacture Proprietary Private Labeled Pouches for All Protein
Shakes Sold in Rapidly Expanding Franchise Chain
PARAMUS, N.J., Dec 7, 2010 (GlobeNewswire via COMTEX) -- Inergetics, Inc. (NRTI),
a leader in targeted product development for the Clinical Nutrition and Sports
Supplement Markets, today announced that the Company has entered into a Product
Development Agreement with Muscle Maker Grill, one of the country's fastest
growing health-food franchises, to be the exclusive provider of "Muscle Maker
Ultra Pro, powered by Inergetics," a powdered proprietary nutritional product to
be used in various platforms in Muscle Maker Grill restaurants.
"Muscle Maker Ultra Pro" will be sold nationally throughout the Muscle Maker
Grill chain upon Franchisee approval and is scheduled to be complete and ready
for sale within 6 months. As outlined in the product development agreement, if
all terms are met by both parties, Inergetics and Muscle Maker Grill will engage
in a supply contract for a term of 3 years. Inergetics projects minimum revenues
generated solely from its proprietary "Muscle Maker Ultra Pro" supplement to
increase from $350,000 during the first year of the agreement to $507,000 during
the second year and $675,000 during the third year.
Upon the successful product launch of "Muscle Maker Ultra Pro," the chain will
consider featuring Surgex(R) products in the restaurants' nutritional supplement
retail space, where it projects sales of half a million units in 2011. This will
include the Surgex line extensions and additional formats such as its
Ready-To-Drink product line scheduled for release in mid 2011 and would produce
additional revenues to those projected for "Muscle Maker Ultra Pro."
Mark Mirken, CEO and Chairman of Inergetics stated, "As we indicated in our
recent Wall Street Reporter interview, the Company now has the ability to expand
and customize its proprietary formulas for specific demographic profiles. Our
partnership with MMG creates both in store product sales and an additional
nationwide marketing platform for our products in a rapidly expanding franchise.
These locations are both highly trafficked and cater to a consumer clearly
focused on enhancing their physical prowess. Here the consumer can both see and
taste our great products and purchase them in the store or on either company's
websites. We are very confident that this partnership will be very successful and
will lead to sales of several variations of our Surgex(R) products throughout MMG
chains nationwide.
Bob Morgan, COO of MMG, said, "We are extremely excited about being able to offer
our customers a private labeled protein supplement which we have co-developed
with Inergetics. In addition, we can offer the new product both in our stores and
online to our highly knowledgeable and rapidly expanding customer base. This is a
great opportunity for both companies and we look forward to a long term
relationship with Inergetics."
About Muscle Maker Grill
Muscle Maker Grill is one of the country's fastest-growing franchises with 30
units in New Jersey, New York and Florida. Muscle Maker Grill has sold 135 units
nationwide to date. It enjoys food service sales from its large menu of
low-calorie, protein-packed healthful fare, as well as retail sales of protein
supplements and packaged foods from retail sections within each restaurant. The
chain's management seeks our restaurant sites inside or near to health clubs and
fitness centers, which puts Muscle Maker in proximity to its target customer
base-consumers committed to healthy lifestyles. To learn more about Muscle Maker
Grill, visit http://www.musclemakergrill.com.
About Inergetics, Inc.
Inergetics, Inc. is a leading developer of nutritional supplements for the
Clinical Health and Sports Supplement markets. The Company has established a line
of Resurgex products consisting of proprietary nutritional formulas that are used
by a wide range of clinical patients and consumers. Resurgex(TM) products provide
comprehensive nutritional support for actively treated cancer patients as well as
those in post-treatment care and elderly members of the assisted living
community. Inergetics has also developed Surgex(TM) sports nutrition formula to
meet the nutritional needs of professional, Olympic, and amateur elite athletes
that experience post-workout symptoms such as fatigue, loss of lean muscle,
oxidative stress, and reduced immune function.
Resurgex Essential(TM) and Resurgex Essential Plus(TM) are comprehensive,
calorically dense formulas that meet and exceed the nutritional requirements of
the assisted living community. To learn more about Inergetics, visit
http://www.inergetics.com and visit the Surgex(R) product website and online
store at http://www.surgexsports.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of1934. All statements, other than statements of historical fact,
including, without limitation, those with respect to the objectives, plans and
strategies of the Company and SPI set forth herein and those preceded by or that
include the words ``believes,'' ``expects,'' ``given,'' ``targets,'' ``intends,''
``anticipates, "plans,'' ``projects,'' ``forecasts'' or similar expressions, are
"forward-looking statements". Although the Company's management believes that
such forward-looking statements are reasonable, it cannot guarantee that such
expectations are, or will be, correct. These forward-looking statements involve a
number of risks and uncertainties, which could cause the Company's future results
to differ materially from those anticipated. The Company assumes no obligation to
update any of the information contained or referenced in this press release
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Inergetics, Inc.
CONTACT:Seal Point Consulting, LLC
Investor Contact
267-364-5407
Investors@sealpointconsulting.com
Muscle Maker Grill
Inergetics to Manufacture Proprietary Private Labeled Pouches for All Protein
Shakes Sold in Rapidly Expanding Franchise Chain
PARAMUS, N.J., Dec 7, 2010 (GlobeNewswire via COMTEX) -- Inergetics, Inc. (NRTI),
a leader in targeted product development for the Clinical Nutrition and Sports
Supplement Markets, today announced that the Company has entered into a Product
Development Agreement with Muscle Maker Grill, one of the country's fastest
growing health-food franchises, to be the exclusive provider of "Muscle Maker
Ultra Pro, powered by Inergetics," a powdered proprietary nutritional product to
be used in various platforms in Muscle Maker Grill restaurants.
"Muscle Maker Ultra Pro" will be sold nationally throughout the Muscle Maker
Grill chain upon Franchisee approval and is scheduled to be complete and ready
for sale within 6 months. As outlined in the product development agreement, if
all terms are met by both parties, Inergetics and Muscle Maker Grill will engage
in a supply contract for a term of 3 years. Inergetics projects minimum revenues
generated solely from its proprietary "Muscle Maker Ultra Pro" supplement to
increase from $350,000 during the first year of the agreement to $507,000 during
the second year and $675,000 during the third year.
Upon the successful product launch of "Muscle Maker Ultra Pro," the chain will
consider featuring Surgex(R) products in the restaurants' nutritional supplement
retail space, where it projects sales of half a million units in 2011. This will
include the Surgex line extensions and additional formats such as its
Ready-To-Drink product line scheduled for release in mid 2011 and would produce
additional revenues to those projected for "Muscle Maker Ultra Pro."
Mark Mirken, CEO and Chairman of Inergetics stated, "As we indicated in our
recent Wall Street Reporter interview, the Company now has the ability to expand
and customize its proprietary formulas for specific demographic profiles. Our
partnership with MMG creates both in store product sales and an additional
nationwide marketing platform for our products in a rapidly expanding franchise.
These locations are both highly trafficked and cater to a consumer clearly
focused on enhancing their physical prowess. Here the consumer can both see and
taste our great products and purchase them in the store or on either company's
websites. We are very confident that this partnership will be very successful and
will lead to sales of several variations of our Surgex(R) products throughout MMG
chains nationwide.
Bob Morgan, COO of MMG, said, "We are extremely excited about being able to offer
our customers a private labeled protein supplement which we have co-developed
with Inergetics. In addition, we can offer the new product both in our stores and
online to our highly knowledgeable and rapidly expanding customer base. This is a
great opportunity for both companies and we look forward to a long term
relationship with Inergetics."
About Muscle Maker Grill
Muscle Maker Grill is one of the country's fastest-growing franchises with 30
units in New Jersey, New York and Florida. Muscle Maker Grill has sold 135 units
nationwide to date. It enjoys food service sales from its large menu of
low-calorie, protein-packed healthful fare, as well as retail sales of protein
supplements and packaged foods from retail sections within each restaurant. The
chain's management seeks our restaurant sites inside or near to health clubs and
fitness centers, which puts Muscle Maker in proximity to its target customer
base-consumers committed to healthy lifestyles. To learn more about Muscle Maker
Grill, visit http://www.musclemakergrill.com.
About Inergetics, Inc.
Inergetics, Inc. is a leading developer of nutritional supplements for the
Clinical Health and Sports Supplement markets. The Company has established a line
of Resurgex products consisting of proprietary nutritional formulas that are used
by a wide range of clinical patients and consumers. Resurgex(TM) products provide
comprehensive nutritional support for actively treated cancer patients as well as
those in post-treatment care and elderly members of the assisted living
community. Inergetics has also developed Surgex(TM) sports nutrition formula to
meet the nutritional needs of professional, Olympic, and amateur elite athletes
that experience post-workout symptoms such as fatigue, loss of lean muscle,
oxidative stress, and reduced immune function.
Resurgex Essential(TM) and Resurgex Essential Plus(TM) are comprehensive,
calorically dense formulas that meet and exceed the nutritional requirements of
the assisted living community. To learn more about Inergetics, visit
http://www.inergetics.com and visit the Surgex(R) product website and online
store at http://www.surgexsports.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of1934. All statements, other than statements of historical fact,
including, without limitation, those with respect to the objectives, plans and
strategies of the Company and SPI set forth herein and those preceded by or that
include the words ``believes,'' ``expects,'' ``given,'' ``targets,'' ``intends,''
``anticipates, "plans,'' ``projects,'' ``forecasts'' or similar expressions, are
"forward-looking statements". Although the Company's management believes that
such forward-looking statements are reasonable, it cannot guarantee that such
expectations are, or will be, correct. These forward-looking statements involve a
number of risks and uncertainties, which could cause the Company's future results
to differ materially from those anticipated. The Company assumes no obligation to
update any of the information contained or referenced in this press release
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Inergetics, Inc.
CONTACT:Seal Point Consulting, LLC
Investor Contact
267-364-5407
Investors@sealpointconsulting.com
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