Nutralogix Formally Creates European and Asian Divisions to Handle Rising International Sales
January 16 2007 - 9:44AM
PR Newswire (US)
WESTON, Fla., Jan. 16 /PRNewswire/ -- Nutralogix Laboratories, Inc.
(OTC:NGXL.PK) (BULLETIN BOARD: NGXL.PK)
(http:www.nutralogixlabs.com) and its executive team and Board of
Directors approved the immediate creation of wholly-owned European
and Asian subsidiaries to handle the expected rise of international
sales and revenue. The Company is hiring executives in those
markets to supervise the expansion under the auspices of the parent
company. The Company had recently approved the hiring of a key
executive to head up the Asian expansion. However, ongoing talks
with executive search experts and international marketing specialty
groups convinced the Nutralogix team to escalate the expansion
campaign. Preparations to expand nutraceutical production are
already in the works; with the expectation of being able to deliver
at least triple the current number of orders. "Steps have already
begun to legally formalize our European and Asian subdivisions and
we expect to have top people in place before the end of the first
quarter. Our goal is to have Europe and Asia equaling domestic
sales before the end of the year and exceeding domestic by fifty
percent by the end of next year, while we expect a serious growth
spurt in domestic sales," stated Arne Rotne II, Company
CEO/President. "We are in the process of taking positive radical
steps to accelerate the growth of Nutralogix. We expect those steps
to pay great dividends to the Company, it's clientele, and it's
shareholder family," continued Rotne. Safe Harbor Statement under
the U.S. Private Securities Litigation Reform Act of 1995: This
release may contain certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements are presented based on current information available to
management and in consideration of assumptions concerning
information available to management regarding future events.
Forward-looking statements are subject to risks and uncertainties
that could cause future events or results to differ materially from
such statements. Nutralogix Laboratories, Inc. disclaims any intent
or obligation to update or revise any forward-looking statements
and presents information herein solely for the intent of delivering
general information regarding the company.
http://www.nutralogixlabs.com/ DATASOURCE: Nutralogix Laboratories,
Inc. CONTACT: Arne Rotne II of Nutralogix Laboratories, Inc.,
+1-954-392-1332 Web site: http://www.nutralogixlabs.com/
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