NuVim Further Reduces Annual Selling, General, & Administrative Cost
May 17 2011 - 8:20AM
Marketwired
NuVim, Inc. (PINKSHEETS: NUVM) a leading provider of nutritional
refrigerated and shelf stable ready to drink beverages and powder
mixes announced it has achieved further reductions in its
administrative costs. With these latest administrative savings,
Selling, Administrative and General Costs are now running at
approximately $280,000 per year. The over $150,000 annual reduction
results from cuts in payroll, office rental cost, insurance, and
other related expenses. "As we retool our business and enter
potential new avenues of revenue, we continue to seek ways to run
the company as lean as possible," said NuVim® CEO Rick Kundrat. He
emphasized that "cutting expenses while not jeopardizing the
availability to key human resources will help the company become
profitable at the bottom line. We are also improving our cash flow
by issuing restricted stock for past and present supplies and
services to a few qualified suppliers who are willing to help us
while we are going through the revenue transition period."
About NuVim: NuVim® is a one of a kind
beverage that is sold in the supermarket refrigerated juice section
in half gallon plastic bottles and in powder mixes through the
NuVim web-site. Based on an extensive research and development
project that spanned over 30 years, NuVim® helps maintain a strong
immune system, enhance vitamin and mineral absorption, especially
calcium, and improve digestion with this exclusive ingredient,
NutraFlora®, a clinically proven natural prebiotic fiber. NuVim®
also contains a level of whey protein concentrate that is known to
help muscle flexibility, promote sturdy joints, and improve
athletic performance. There are very few beverages on the market
that have real, solid nutritional values. Most are variations of
flavored, colored sugar water in either carbonated or
non-carbonated forms. With only 45 calories per 8 ounce serving in
the refrigerated products and less than 10 calories in the powder
mixs and its nutritional values, NuVim® could be considered the
"Best Thing You Can Drink". After drinking NuVim® for 30 days,
NuVim® guarantees you will "Feel the Difference." NuVim® has no
high fructose corn syrup, no lactose, no cholesterol, no fat, no
artificial flavors and no caffeine.
To learn more about NuVim® visit
www.nuvim.com call toll free 877-850-8777
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