Northstar announces that its products are on shelves, and national
rollout is ahead of schedule.
HOLBROOK, N.Y., Feb. 14, 2013 /PRNewswire/ -- Northstar Global
Business Services, Inc. Symbol (OTC PINK: MDIN) announced today
that the rollout of it's products to retail store shelves is now
ahead of schedule. In fact, products are currently on about 5-10%
of contracted store locations. As expected, Northstar began
shipping products by January 1st of
2013, and initial national roll-out, was expected to take about a
year, which would make Northstar's products available from coast to
coast by January of 2014. This timeframe has now been cut in half
and is expected to take place in just a few short months. By as
early as June of 2013, Northstar expects 100% of currently
contracted store locations to be carrying Snorenz, and possibly
Stem-Intense as well.
According to Northstar's contacts at several major retailers,
like Target, Rite-aid and Walgreens, the products are in line with
several thousand other new products and are slowly being added to
store shelves, with sales already underway. Additionally, Northstar
is working on removing the non-disclosure agreements in place with
its largest retail clients, allowing them to publicly state
contract details to shareholders.
Northstar's CEO, Nick Chieco
commented, "Full roll out of our products at major retail is well
underway and we couldn't be happier. The larger chains like Target,
Rite-Aid and Walgreens are giving us June-July timeframe for
nation-wide fulfillment of new products, which is absolutely
amazing. We have also confirmed that we will be added to the
websites of several of these large chains as an online direct to
consumer sale, which adds a tremendous amount of exposure and
distribution potential. For example Walgreens.com alone gets
millions of visits per week. Being available on several of these is
a game changer"
Additionally, Northstar would like to confirm changes to its
company's share structure planned for the 2nd quarter of
2013. The company has already taken steps to decrease the
authorized shares from 12,000,000,000 to 999,999,999, and has
already decreased the outstanding by over a hundred million shares
with more to come.
"These decreases are a big step for our shareholders, and we
want to once again confirm no intention of any serious dilution or
weakening of our share structure. Tightening up our share structure
and decreasing the number of outstanding shares is our goal, and we
hope it shows our shareholders that we are sticking to the plan,"
added Mr. Chieco.
The company concludes that if its products are not on your local
store shelves, you can expect that they will be very shortly. In
the mean time consumers are encouraged to visit www.Medgeninc.com
to purchase Northstar's products, which are also available at
www.Amazon.com.
For more information about Northstar please call Jennifer at
877-571-4387 ext. 4 or email investors@northstarbb.com
DISCLAIMER
: This Press Release may contain certain
forward-?looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has tried,
whenever possible, to identify these forward-?looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such
forward-?looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information catered in this
Press Release including such forward-?looking statements.
SOURCE Northstar Global Business Services, Inc.