Nutroganics, Inc. (NUTT) Announces Expansion in Utah; Raises 2015 Revenue Guidance
(firmenpresse) - BETHESDA, MD -- (Marketwired) -- 06/01/15 -- Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announces that its subsidiary NuStar Manufacturing, LLC ("NuStar") has signed a lease for an additional 47,000 square feet of manufacturing and warehouse space in Lindon, Utah. This expansion will represent an approximate doubling of NuStar's total operating space.
David Sackler, Nutroganics' President & CEO, said, "We are very excited about this expansion, which will allow NuStar to better serve its existing customer base, increase production capabilities, and accommodate the needs of pending and future customers, further building upon already positive growth levels."
Nutroganics also announces that, given continued favorable trends, it expects its revenue will exceed $7.2 million for the first half of 2015 (up from prior guidance of $6.5 million) and $15.5 million for all of 2015 (up from prior guidance of $13.8 million).
acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace. Nutroganics owns , a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and a Utah-based packager of nutritional products and supplements.
For more information, contact David Sackler at or (240) 223-1000, and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, , 757-306-6090.
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.
Contact:
David Sackler
240-223-1000
Rich Kaiser
757-306-6090
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Datum: 01.06.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 397148
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BETHESDA, MD
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Farming
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