NEWARK, N.J., March 31, 2015 /PRNewswire/ -- Inergetics,
Inc. (OTCBB: NRTI), a world-class developer of nutritional and
consumer health products, today announced preliminary unaudited
financial results for its fiscal year ended December 31, 2014.
Inergetics is providing certain preliminary unaudited results of
operations that it expects to report for the full fiscal year ended
December 31, 2014. The unaudited
financial results provided in this release are prior to the
completion of the annual audit by the company's external auditor
and therefore are subject to change.
On a preliminary basis for the year ended December 31, 2014, the company expects:
- Total revenue generated from the sales of Surgex®, Bikini
Ready®, SlimTrim, OmEssentials® and Martha Stewart™ Essentials to
be $1,991,688, which reflects a more
than 135% increase over the $847,834
of total revenue reported during the prior year ended December 31, 2013.
- Gross profit to be $520,354, up
113% as compared to $244,830 in the
prior year ended December 31,
2013.
"In 2014 we continued to deliver on our growth strategy by
significantly increasing sales and distribution across our
portfolio of innovative nutritional health products," said
Mike James, CEO. "As we launch
Nulief™, the first in our new line of CBD-based nutritional
supplements, we believe our expanding brand portfolio will generate
increasingly positive feedback from increasing numbers of consumers
and a growing range of retail outlets."
Inergetics filed a Notice of Late Filing with the Securities and
Exchange Commission on March 30, 2015
to extend the deadline for submission of its Annual 2014 Form
10-K. Inergetics expects to file the Form 10-K within the
next 15 days.
Inergetics Media Contact
KARV Communications
Jonathan Leibowitz
(212) 333-0273
Inergetics@KARVCommunications.com
About Inergetics, Inc.
Inergetics' portfolio of brands includes: Martha Stewart™
Essentials, a complete line of NSF® Certified,
whole-food-based supplements created specifically for women;
Surgex® Sports Nutrition, the preferred nutritional
supplement of Army Sports; Bikini Ready®, a leader in
active lifestyle solutions; SlimTrim, the affordable, premium value
diet brand; OmEssentials®, a line of scientifically
advanced nutritional supplements designed to further the health and
wellness of yoga practitioners and active individuals; and Nulief™,
a line of Cannabidiol (CBD)-based nutritional supplements.
Inergetics' brands are available domestically and internationally
at over 20,000 premier locations including Akins, Bed Bath &
Beyond, Bi-Lo, Cardinal Health, Drug Emporium, Fruth Pharmacy,
H-E-B, Harmon, Harris Teeter, Harveys, Ingles, Lewis Drugs,
Meijer, Navarro Pharmacies, Price Chopper, PriceSmart,
ShopRite/Wakefern, Walgreens, Whole Foods and Winn-Dixie as well as
leading e-tailers such as Amazon, Bodybuilding.com, Bulu Box,
CVS.com, Drugstore.com, iHerb, LuckyVitamin.com, Swanson,
Vitacost, and Zulily.
To learn more about Inergetics, visit www.inergetics.com,
and the Inergetics brands' websites
at: www.marthastewartessentials.com, www.surgexsports.com,
www.surgexsportsblitz.com, www.slimtrim1.com, www.slimtrim.net,
www.bikinireadylifestyle.com, www.kahunasands.com,
www.omessentials.com, and www.nuliefcbd.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 of 1934. All statements, other than
statements of historical fact, including, without limitation, those
with respect to the objectives, plans and strategies of Inergetics
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 Inergetics'
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 Inergetics' future
results to differ materially from those anticipated. Inergetics
assumes no obligation to update any of the information contained or
referenced in this press release.
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SOURCE Inergetics, Inc.