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NutriOne Makes Headway Into Middle East Market 9:01a ET March 14, 2007 (Market Wire) NutriOne Corp. (PINKSHEETS: NNCP) announced today that it has opened its first overseas office in the growing market hub of Dubai in the United Arab Emirates.
"Not only is Dubai the World's fastest growing commercial center and great financial hub, it is also a gateway into the rest of Africa and Asia Minor with over 1.8 billion people within a 3 hour flight. We also chose Dubai as we needed to follow up our licensing negotiations with leading dairy product manufacturers and distributors located there," said Dr. Nicolas Matossian, Chairman of NutriOne. "We also see this area as a highly favorable location to raise capital for future global expansion. The Gulf Cooperative Countries (GCC) alone have over $500 billion USD in private capital," further added Dr. Matossian.
About NutriOne
NutriOne Corp. is an American corporation established to develop a unique, functional food process for the North American and global consumer. With an ever-increasing active population focusing on healthier life styles, there has been a worldwide emergence of a new category of food products referred to as "functional foods." Within functional foods are nutraceuticals which use natural ingredients to add health benefits and help prevent disease. The most common examples include milk fortified with Omega-6 and Omega-3, calcium and vitamin D. The global market for functional foods is estimated to have reached over $95 billion USD in 2006. Consumers are just beginning to become aware of these fabulous foods. Further to this NutriOne was established to develop, manufacture and sub-license additives to improve the nutritive qualities and functional food values for finished products in the food and beverage industries. The process relates to the production of enhanced baked goods, confectionary, dairy and pet foods.
Important Information about Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
For further information, please contact: Ian Morrice President and CEO NutriOne Corp. 613-216-2171 Ian.Morrice*NutriOne.org www.NutriOne.org
SOURCE: NutriOne Corp.
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