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Author Topic: NuVim (NUVM)
Axion
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NuVim Anyone have the scoop on this????
The filings are not current, the float is low and its starting to take offf......

Any help? http://www.nuvim.com/index.cfm

Thanks

Posts: 55 | From: FLORIDA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
Axion
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FROM Pinksheets . com
*
Estimated Market Cap
$981,718 as of Sep 25, 2009
*
Outstanding Shares
16,361,959 as of Aug 1, 2008
*
Number of Share Holders of Record
181 as of Apr 15, 2008

Posts: 55 | From: FLORIDA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
Axion
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NuVim, Inc.

Who are we … Where have we been … Where are we now ... Where are we going

We are a public company marketing functional beverages in refrigerated half gallons bottles sold in the juice section of major supermarkets, Wal-Mart, military commissaries and over the internet in powder mixes. We are managed by retired senior Unilever executives. Our beverages are clinically proven to deliver on our promise to the consumer that NuVim keeps your body from having that tired run down feeling, keeping you alert all day and having that well being feeling from sunup to sundown. We accomplish this without high sugar and with no caffeine. Through our patented exclusive prebiotic fiber, lactose free whey protein concentrate, minerals and vitamins including the anti-oxidant vitamins and 9 essential amino acids our products build the immune system by controlling the e-coli, fungus and salmonella bacteria from colonizing in your intestine. Secondly, NuVim increases the absorption of minerals, vitamins and micronutrients into the blood stream to as much as 50%. The third clinically proven health benefit is because NuVim increases the absorption of calcium it helps with muscle and bone health. NuVim also is proven to aid in consistent digestion. With these health benefits the body stays in balance because it has better nutrition and is not fighting bacteria.

After NuVim was incorporated in 1999, a $5 million private equity raise was completed through Spencer Trask, NYC, NY and the NuVim CEO family and friends.

The business model was set in place with the understanding that with the investment banking firm Spencer Trask, would raise a total of $40 to $50 million targeted to gain and sustain 80% supermarket penetration encompassing slotting fees, advertising and promotion to continually support the NuVim brand. My personal friend, Dick Clark, was hired as the spokesperson on a stock-only service agreement.

In 2002, the company had revenues of $3.5 million with the back six months indicating a $7.0 million run rate with distribution in 2,000 of the major east coast supermarkets in eight states. At that time, there were 32,000 supermarkets in the country.

Spencer Trask was not able to complete the $40 million funding and the dot com era hit, which dried up private funding. It became apparent that the business model without the $40 million funding could not work. NuVim went into a survival mode until 2004 when Paulson Investments of Portland, Oregon entered the scene with the proposition to complete an Initial Public Offering. After a year of work to gain shareholder approval to recap the company, NuVim completed the IPO in late 2005.

During this time, we lost our great spokesperson Dick Clark. His stroke in 2004 no longer allowed NuVim to use him on television or radio. A major blow to gaining consumer awareness and trial.

The NuVim IPO was preceded in the Paulson syndicate by a company called VitaCube, which lost more than half the value of their IPO 30 days after entering the public market. This made it more difficult for NuVim to raise the desired funding with its IPO. Because of the disappointment of the VitaCube dietary supplement business, NuVim did not receive Paulson syndicate full participation, and therefore the raise was cut from $15 million to $2.7 million. NuVim netted $1.5 million. Hardly worth it, but the superb recapitalization of the company made it worth going forward. Post IPO NuVim was still way under capitalized.

In 2006, the business model was changed to a focus on the military, Department of Defense, profitable supermarket business segments and Wal-Mart. Total G&A was cut to $600,000 per year including SEC filing requirements, insurance, headquarters costs and management, etc. The present annual G&A of $600,000 will be able to accommodate the growth of the company to sales in excess of $10 million.


Opportunities for growth in sales and profit for the 12 months post funding include:

Military expansion from the current 26% of the U.S. commissaries to all 168 in the country plus the 80 international commissaries.

Expansion of NuVim in the Wal-Mart supercenters. There are 4,000 nationally, and we are only in 115 supercenters in the southeast.

NuVim has developed three new products: sweetened tea, green tea and lemonade. All have the same health benefits of the NuVim refrigerated products: mainly immune enhancement, mineral/vitamin absorption, bone and muscle health and aiding digestion. These products are formulated and the package design complete. They will be sold in half gallon size to the military and Wal-Mart and in a 20 ounce single serve size to hospital/business cafeterias, schools and colleges. This will put NuVim into the some of the highest volume categories of the beverage industry.

Internet sales have excellent margins and offer a high growth and profit. We will begin testing a major initiative with the Hispanic community by using our Spanish television commercials for the powder mix products on Hispanic cable networks and an e-mail effort to Hispanic households. This will be followed by testing the refrigerated NuVim products in the highly populated cities of Los Angeles, New York, Houston, Miami and Chicago. Based on the Wal-Mart store data we know we have a strong following among the Hispanic community.

Other considerations
The IPO was sold as a unit with one share of common stock, an “A” warrant that exercises at $1.50 and can be called and a “B” warrant that exercises at $2.00 but cannot be called. As value is added to the stock, we will have an option to raise additional funding to be used for faster and higher growth by calling the A warrant or discounting the warrants. These warrants could generate an additional $3 to $5.5 million.

Dick Clark and Board member Stanley Moger are the senior note holders of the $650,000 of debt outstanding. The notes mature 2011.

Posts: 55 | From: FLORIDA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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