Naturally Splendid Enterprises Ltd.
TSX VENTURE : NSP

Naturally Splendid Enterprises Ltd.

November 05, 2013 08:30 ET

Naturally Splendid Signs NDA With International Ingredient Supplier for HempOmega™ & H2Omega™ Proprietary Products

BURNABY, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2013) - Naturally Splendid Enterprises (the "Company") (TSX VENTURE:NSP) announces they have entered into a non-disclosure agreement (NDA) with Caldic ("Caldic") for the plant-based Omega products H2Omega™ and HempOmega™. These proprietary Omega products created by Boreal Technologies Inc. and exclusively licensed to Naturally Splendid are patent pending, powder and aqueous Omega products that utilize nano-encapsulation for increased nutritional benefits. These products have been developed to deliver a more targeted and sustained release of Omega oils into the bloodstream when compared to existing Omega oil products. Preliminary testing has confirmed that these products have increased bioavailability and sustainability as well as a longer shelf life.

Caldic is currently evaluating H2Omega™ and HempOmega™ for suitability in their extensive ingredient offerings and as a premix for a wide variety of potential products. Caldic will help to determine the best markets and potential clients for these Omega products. Entering into the ingredient supply business in 1985, Caldic is now recognized as Canada's leading food ingredient supplier; through their extensive selection of food ingredients specializing in the manufacture of antioxidants, release agents, bakery concentrates dough conditioners and vitamin and mineral enrichment blends. Caldic's laboratory capabilities for ingredient development and full technical and regulatory support allow for extensive testing of our H2Omega™ and HempOmega™ products. Caldic has ingredient supply facilities strategically located across North America providing its customers with coast-to-coast coverage for both distribution and technical sales.

Naturally Splendid CEO, Craig Goodwin states, "We are now working with the leading ingredient suppliers in North America to evaluate our plant based Omega Technologies, and this is the first step to commercialization of these proprietary products. We believe that our patent pending products will exceed Caldic's expectations and we look forward to a long term relationship with them. This strategic relationship would allow us the opportunity to prove our H2Omega™ and HempOmega™ nutritional value through a variety household name products generating potential of large volume sales."

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is currently focused on it's line of hemp-based products available in a retail network of over 350 stores throughout BC and Alberta including; Save On Foods; Urban Fare; London Drugs; Marketplace IGA; and Sobeys. Naturally Splendid's existing products consist of: shelled hemp seeds and hemp protein have recently been rebranded under the NATERA™ line.

Naturally Splendid has received federal and provincial funding towards the research and development of new hemp-based food products: HempOmega™ and H2Omega™, as well as for a strategic study to assess the feasibility of vertical integration. Naturally Splendid is dedicated to providing the highest quality natural superfoods and delivering them in a tasty, nutritious manner.

J. Craig Goodwin, CEO & Director

Forward-Looking Statements: Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control. Such factors include, among other things: risks and uncertainties relating to the successful testing and evaluation H2Omega™ and HempOmega™ by Calico. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

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