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Re: Stretch Armstrong post# 6230

Friday, 12/27/2013 3:51:20 PM

Friday, December 27, 2013 3:51:20 PM

Post# of 27076
NONE!!!! There are no strings attached. The program is spelled out on the NJEDA site and you can read the requirements that Companies that apply have to conform to.
Inergetics met all the requirements to participate in the program and has been awarded the right to sell their
$ 3,357,000 State Tax Loss carryover to a profitable NJEDA Company and only has to pay a fee for doing so.
It is a great program that benefits Companies and the State as well.

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