BETHESDA, MD--(Marketwired - Dec 29, 2014) - Nutroganics, Inc. (OTC: NUTT) ("Nutroganics") announced today that it plans to announce its 2014 fourth quarter (and full year) operating results during the week of February 15, 2015.
David Sackler, Nutroganics' President & CEO, said, "As part of our ongoing plan to increase disclosure and guidance to our shareholders, we plan to file within the next two weeks the necessary paperwork to remove the yield sign from our stock ticker and move to 'pink current reporting' status on OTCMarkets.com. We will continue to move toward increasing disclosure and guidance as Nutroganics grows as a public company. Today's announcement is the next step in our plan to build Nutroganics into a listed company over the next 18-30 months."
Nutroganics also announced today that it expects its revenue will exceed $2.4 million for the fourth quarter and $4.7 million for the second half of 2014. Based on current favorable trends, the company is also raising its revenue guidance for 2015 from $10.2 million to $11.0 million including at least $5.0 million in the first half of 2015 and $6.0 million in the second half of 2015. The Company reiterates its guidance that it believes it will become net income positive by February 2015.
About Nutroganics:
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 dsackler@nutroganics.com or (240) 223-1000.
Forward-Looking Statements:
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.