BETHESDA, Md., December 14, 2015 – Nutroganics, Inc. (OTC: NUTT) (“Nutroganics”) announces that its wholly owned subsidiary, NuStar Manufacturing, LLC, has purchased additional manufacturing equipment for powdered nutritional and food products to be produced in the company’s Utah facility. Included in the new equipment is an additional powdered stick pack machine that can generate an estimated $300,000 per month in additional revenue at 75% utilization.
David Sackler, Nutroganics’ President & CEO, said, “We are pleased to announce a further expansion of our manufacturing capabilities and capacity at NuStar. The new equipment allows us to continue to meet the growing needs and demand of our existing customer base, as well as attract and service new customers.”
Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics owns Silverbow Honey Company, a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and NuStar Manufacturing, LLC, a Utah based packager of nutritional products and supplements.
For more information, contact David Sackler at firstname.lastname@example.org or (240) 223-1000, and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, email@example.com, 757-306-6090, www.nutroganics.com.
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.