BETHESDA, Md., February 11, 2015 – Nutroganics, Inc. (OTC: NUTT) (“Nutroganics”) announces record revenue of $2.50 million in its 2014 fourth quarter with EBITDA for the quarter at approximately $188,000.
David Sackler, Nutroganics’ President & CEO, said, “We are very pleased to announce record quarterly revenue for the quarter ending December 31, 2014. During the quarter, we made strategic investments to accommodate new growth initiatives which affected our bottom-line in Q4. These strategic investments have already started to provide a positive impact on our financial performance in Q1 2015, and did not prevent us from increasing Q4 EBITDA over our third quarter level.”
Nutroganics also announces that it expects its revenue will exceed $5.4 million for the first half of 2015 (up from $5.2 million) and $11.8 million for all of 2015 (up from $11.5 million).
Full financial results will be posted on www.otcmarkets.com on or before February 17, 2015.
Nutroganics also announced that it will no longer pursue the acquisition of a controlling interest in Alpha Helix, Inc.
For more information, contact David Sackler at email@example.com or (240) 223-1000 and/or Rich Kaiser, Investor Relations, 757-306-6090, firstname.lastname@example.org
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.
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.