$THE WAVE (WAVERIDER$)

[aries4747]

NJ State program put $3.3 Million in NRTI bank account.

Last year (2012) NRTI was awarded approximately $2 million that they received in January 2013. This year's award letter was part of an 8-K in December.

From the December 2013 8-K:

Item 8.01 Other Events

On December 20, 2013 Millennium Biotechnologies, Inc., the wholly-owned subsidiary of Inergetics, Inc. (collectively, the “Company”) was notified by the New Jersey Economic Development Authority that the Company has been preliminarily approved for the Technology Business Tax Certificate Transfer Program. The Company has been preliminarily approved for State Fiscal Year 2014 to transfer $3,357,144 of total available New Jersey State tax benefits of $3,357,144. The transfer should close in January, 2014.


Item 9.01 Financial Statements and Exhibits

Exhibit Description
99.1 New Jersey Economic Development Authority letter dated December 20, 2013

Letter from state:
http://www.sec.gov/Archives/edgar/data/72170/000114420413068655/v363742_ex99-1.htm