January 11, 2007 10:06 ET

Naturade Receives Court Approval for Reorganization Disclosure Statement

BREA, CA -- (MARKET WIRE) -- January 11, 2007 -- Naturade, Inc. (PINKSHEETS: NRDCQ) announced today that its Disclosure Statement under Chapter 11 of the Bankruptcy Code was approved by the United States Bankruptcy Court, Central District of California, Santa Ana Division. The Company had sought Chapter 11 protection to reorganize on August 31, 2006 and is on track to emerge from Chapter 11 before the end of February 2007 as a reorganized and recapitalized Company ready to continue its growth. Naturade has the support of its lender and the Official Creditors Committee for its Plan of Reorganization and fully expects that it will be approved by the Bankruptcy Court in February. The Plan of Reorganization and Disclosure Statement can be reviewed in its entirety by accessing the following link: Naturade Disclosure Statement (

"Naturade has a strong legacy of product excellence and innovation in consumer nutritional supplements and was in the health food industry long before the term 'health food industry' was even invented," according to Naturade's CEO Richard Munro, referring to Naturade's establishment in 1926. Mr. Munro, an experienced turnaround and reorganization specialist, has managed Naturade during the reorganization process and has overseen the implementation of its reorganization plan.

"During the Chapter 11 process, Naturade has managed to preserve its reputation as a premier supplier of natural nutritional supplements and wellness products and the support of its customer base," stated Munro. "The substantial capital infusion that Naturade will receive as part of its reorganization plan, is expected to give Naturade the financial strength and appropriate structure to grow and continue to build upon its 80-year history."

Munro added that, "Naturade has an experienced management team, strong sales, great products and loyal customers. We have plans to launch innovative new products in 2007 and beyond to continue to build on our consumer brand strengths and highly valued retailer relationships."

About Naturade, Inc. (

Founded in 1926, Naturade is a leading marketer of scientifically supported natural products formulated to improve the health and well-being of consumers. Naturade products can be found in over 20,000 health food stores and natural foods supermarkets, as well as supermarkets, mass merchandisers, club stores and drug stores throughout North America.

Naturade, Inc. is majority owned by Redux Holdings, Inc. (PINKSHEETS: RDXH).

About Redux Holdings, Inc. (

Redux Holdings acquires assets of underperforming and distressed companies on a non-cash basis and isolates, recombines and manages those assets to increase their value and to develop profitable strategic options. The Company is distinguished by the extensive experience of its personnel in quickly identifying, analyzing and stabilizing these businesses opportunities effective companies and when appropriate effecting rapid turnaround and asset monetization.

Safe Harbor:

This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Legal Notice: Naturade is represented in its reorganization by Robert E. Opera of Winthrop Couchot, PC, a Newport Beach-based law firm that has represented many prominent companies that have successfully emerged from reorganization.

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