SOURCE: Red Reef Laboratories International, Inc.

October 20, 2008 08:30 ET

MyoTrend Nutritional Technologies, LLC a Wholly Owned Subsidiary of Red Reef Laboratories International, Inc. (RRLB.PK), Forecasts $15 to $25 Million in Revenues With .005 Net Earnings: Major Expansion Adding Over 1200 Outlets in 50 Countries

DEERFIELD BEACH, FL and NAPOLEONVILLE, LA and WEXFORD, PA--(Marketwire - October 20, 2008) -

Red Reef Laboratories International, Inc. (PINKSHEETS: RRLB), a diversified scientific research, development, and marketing group and MyoTrend Nutritional Technologies, LLC (MNT), a wholly owned subsidiary, announce: Paul Burton, President of MyoTrend Nutritional Technologies, LLC, today disclosed a plan for companies to benefit through an exchange of resources with MNT. MyoFit Fitness Journal, a fitness publication, prominently features articles contributed by Paul Burton and features the MNT brand throughout the magazine, which in turn makes Paul a more effective administrator. MNT makes available a franchisee-elect marketing initiative employing the distribution of MyoFit Fitness Journal. The plan has proven to resonate well with distributors worldwide, as demonstrated by recently announced distribution agreements, largely due to tie-ins with MyoFit Magazine. Offering MyoFit Fitness Journal as a marketing tool on an international scale allows manufacturers and distributors to follow in the footsteps of other major sports nutrition companies without the expense and in return opens their established markets to MNT products. MNT brand targets those concerned with physical strength, endurance and enhanced athletic performance regimens and expands the product range offered by host outlets.

MNT's most recent collaboration has a 50-country footprint with more than 1,200 international stores worldwide. A formal announcement may be forthcoming but this major manufacturer/distributor has asked that the release be withheld so as not to conflict with their domestic franchisees. Approximately 12 of these countries' outlets account for 80% or more of their total international sales. Once established as having MNT products available, MNT's potential annual sales are in the 15 to 25 million dollar range based on a percentage of revenues now experienced by our host. MNT operates under a 62% gross profit margin and a 45% net profit margin which forecasts Red Reef Laboratories International, Inc. to have minimum net earnings of half a cent (.005) per share derived from this contract alone and the current outstanding shares. The complete share structure is at pinksheets.com for investors to review.

Red Reef Labs is proud of the skill level and team work of our management and will continue to present our shareholders with value building initiatives.

About Red Reef Laboratories International, Inc.:

Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of products. The first series of products combine advanced surfactant technology and increasingly "green" compounds to create specialized formulas for the disinfection and decontamination of equipment and surfaces. A second series of nutraceutical type formulas have been engineered and specifically designed to serve the anti-aging, health/wellness and senior markets. For more information, please visit the Company's web site.

About MyoTrend Nutritional Technologies, LLC:

Myotrend has uniquely integrated medicine, science, and athletic performance to develop products designed to safely and naturally enhance athletic performance by bringing to market the latest advances in nutritional technology. MyoTrend business model is directed at establishing strategic partnerships in the international market where it believes it can have its greatest growth opportunities.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.

Contact Information

  • Contact:
    Dr. Claus Wagner-Bartak
    President
    (954) 725-9475
    www.redreef.biz

    Contact:
    MyoTrend Nutritional Technologies, LLC
    Paul Burton
    President/CEO
    (866) 417-1234
    www.myotrend.com