NEWAGE ANNOUNCES EXPANSION AND DONATIONS OF PATENTED IMMUNE-SYSTEM PRODUCTS
March 26 2020 - 8:00AM
NewAge Beverages Corporation (Nasdaq: NBEV), the
Colorado-based healthy products company dedicated to inspiring and
educating the planet to “live healthy”, today announced the
expansion of and continued donations of its immune health products
in China and other key countries.
Key Highlights
- Donation of 2.9 million RMB of Tahitian Noni® Juice to
hospitals throughout the PRC
- Expansion of our product called ‘Nhanced™ Cell Defense, a
dietary supplement marketed in e-commerce channels in the US,
including accelerated donation efforts
Tahitian Noni® Juice, is NewAge’s top-selling
nutritional supplement product around the world, including in China
with over $50 million USD in annual sales. Noni has been used by
Polynesians for centuries for traditional remedies and is one of
Tahiti’s largest exports. NewAge is the largest global marketer of
noni, with over $7 billion in cumulative sales of Tahitian Noni®
Juice worldwide. The noni fruit from Tahiti is one of the world’s
richest sources of antioxidants.
A study conducted by Tianjin Medical University
demonstrated that consumption of Tahitian Noni Juice promoted an
18% decrease in oxidative stress in cells, a 30% increase in NK
cell activity, and a 32% increase in Interleukin-2. For information
on the clinical trial results, see
https://www.ixueshu.com/document/47a66cacfa6f2d1fb7e0501c09e5145f318947a18e7f9386.html.
NewAge has been donating Tahitian Noni® Juice to
healthcare providers and front-line medical workers in China, and
so far has donated nearly 3 million RMB of Tahitian Noni® Juice.
Additional information on Human Intervention Studies on Tahitian
Noni® Juice can be found on the NIH website
https://www.ncbi.nlm.nih.gov/pubmed/29641454.
In addition to donations of Tahitian Noni®
Juice, NewAge is also evaluating options to ramp up production of
its ‘Nhanced™ Cell Defense product, and recently began e-commerce
and Amazon sales beyond its direct selling network to make the
product more broadly available. NewAge has been reaching out to
nursing homes, governments and other groups to increase donations,
and has provided free product to employees throughout the
Company.
‘Nhanced™ Cell Defense is an immune-system
supplement. The patented formulation supports multiple mechanisms
of action and differs substantially from routine supplements in
that it contains both dietary and endogenous antioxidants as well
as efficacious vitamins, minerals, co-factors, amino acids and
phytonutrients that have been shown to be beneficial in laboratory
and human studies. ‘Nhanced™ Cell Defense’s efficacy was documented
in a six-month, prospective clinical trial. More information on
lymphocytes can be found on the National Center for Biotechnology
website at https://www.ncbi.nlm.nih.gov/books/NBK26921/.
Brent Willis, CEO of NewAge commented, “We
believe our products support baseline health and help maintain a
healthy immune system, substantiated by patents, research studies,
and human trials. Our products are not intended to treat any
specific condition or illness, but we believe the science supports
their benefit in maintaining a healthy immune system. We therefore
believe it is appropriate, moreover, we believe it is our
responsibility to increase the awareness of the science and
availability of these products for consumers worldwide.”
About NewAge Beverages Corporation
(NASDAQ: NBEV)NewAge is
a Colorado based healthy products company dedicated to inspiring
and educating consumers to “Live Healthy.” The Company is the only
omni-channel distributed company with access to traditional retail,
e-commerce, direct-to-consumer, and medical channels across 60
countries worldwide. NewAge markets a portfolio of better-for-you
products including the brands Tahitian Noni, TeMana, Nestea,
Volvic, Illy Coffee, Evian, Búcha Live Kombucha, ‘Nhanced and
others. The Company operates the websites www.newage.com,
www.noninewage.com, www.nestea.com, www.volvic-na.com,
www.illy.com, www.evian.com, and a number of other individual brand
websites.
NewAge has exclusively partnered with the
world's 5th largest water charity, WATERisLIFE, to end the world
water crisis with the most innovative technologies available.
Donate at WATERisLIFE.com to help us #EnditToday.
Safe Harbor DisclosureThis
press release contains forward-looking statements that are made
pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are any statement reflecting
management's current expectations regarding future results of
operations, economic performance, financial condition and
achievements of the Company including statements regarding NewAge’s
expectation to see continued growth. The forward-looking statements
are based on the assumption that operating performance and results
will continue in line with historical results. Management believes
that Tahitian Noni® Juice and ‘NHanced™ Cell Defense will help
support the immune health systems of their users and that these
assumptions to be reasonable based on the referenced studies.
Forward-looking statements, specifically those concerning future
performance are subject to certain risks and uncertainties, and
actual results may differ materially. NewAge competes in a rapidly
growing and transforming industry, and risk factors, including
those disclosed in the Company's filings with the Securities and
Exchange Commission, might affect the Company's operations. Unless
required by applicable law, the Company undertakes no obligation to
update or revise any forward-looking statements.
Statements in the press release relating to our
products have not been evaluated by the FDA. Our products are not
intended to diagnose, treat, cure, or prevent any
disease.
For investor inquiries about NewAge
Beverages Corporation please contact:
Investor Relations Counsel:John
Mills/Scott Van WinkleICR – Strategic Communications and
AdvisoryTel: 1-646-277-1254/1-617-956-6736newage@icrinc.com
NewAge Beverages
Corporation:Gregory A. GouldChief Financial OfficerTel:
1-303-566-3030Greg_Gould@NewAge.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7987aaef-410e-40bd-a752-83ac1c6477bc
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