Press Release Source: AVVAA World Health Care Products
AVVAA Signs Manufacturing Agreement to Facilitate Distribution
Tuesday July 27, 6:31 am ET
- Production Capacity To Equal Over $500,000 Worth of Product Daily -
PHILADELPHIA, July 27 /PRNewswire-FirstCall/ -- AVVAA World Health Care Products, a global biotechnology company offering therapeutic, natural skin and health care products, announced today that it has reached final agreement with Natures Formulae Health Products, Ltd., a Kelowna-based natural products manufacturing facility, to begin production of four core AVVAA skin care products.
AVVAA President CEO Jack Farley said, "We are pleased to have reached final agreement with Natures Formulae Health Products, a company well-versed in best-of-breed manufacturing practices and processes of natural products."
Farley continued, "Contract outsourcing of our manufacturing requirements makes bottom-line economic and logistical sense. They [Natures Formulae] have the capability of manufacturing a variety of products and sizes from 5 ml to 20 litre allowing more of the AVVAA products to be produced in one location. Our presently leased facility in Vernon, British Columbia will now house our distribution and sales centre. But outsourcing manufacturing allows our team to focus on the sales, distribution and marketing throughout North America-and globally of our core products- while further advancing research and development."
Natures Formulae can provide production capacity of 16,000 units per day and is expected to begin production of AVVAA's core skin care products by September 1, 2004. With a retail value of $34.95 per unit, based on 200 production days per year, Natures Formulae is able to produce more than $100,000,000 of product for AVVAA each year.
About Natures Formulae Health Products Ltd.
Natures Formulae Health Products Ltd. has been manufacturing herbal extracts and tinctures since 1976. They are leaders in the natural products industry exporting products around the globe. The main focus of Natures Formulae has been the corporate market manufacturing ingredients for other manufacturers. In recent years the depth of activity and focus has changed to reflect the growing demand and diverse areas that herbal products are used.
About AVVAA World Health Care Products
AVVAA World Health Care Products is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve quality of life and well being for consumers. AVVAA's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of common skin ailments, including: eczema, psoriasis and acne. AVVAA is poised to manufacture and market its O-T-C Neuroskin line of skin care products through mass, food and drug channels in the United States and globally.
For more information, visit : http://www.avvaa.com or http://www.otcfn.com/avvw .
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of AVVAA World Health Care Products, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition.
Contact: Investor Relations:
Merle Goertz (West Coast) Geoffrey Eiten
(604) 688-2349 OTC Financial Network
(781) 444-6100 x613