SOURCE: Nutroganics, Inc.

Nutroganics, Inc.

April 15, 2015 09:00 ET

Nutroganics, Inc. (NUTT) Announces Launch of Tempo™ Brand; Thomas Prehn to Lead New Product Marketing; Update on Q1 EBITDA and Net Income; Raises Guidance

BETHESDA, MD--(Marketwired - Apr 15, 2015) - Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announces that Thomas Prehn, a former professional cyclist and endurance sports expert, has joined the Company to help launch Nutroganics' new endurance sports nutrition and lifestyle brand, Tempo™. Thomas is based in Colorado and has been a prominent figure in the endurance sports community for 35 years.

David Sackler, Nutroganics' President & CEO, said, "We are pleased to have Thomas join us and bring his wealth of relationships and knowledge in the endurance sports industry. He will help us advise our existing clients and assist with the launch of our branded endurance sports nutrition system, Tempo™."

Separately, Nutroganics announced that it more than doubled its EBITDA from Q4 2014 to Q1 2015, and achieved its first calendar quarter of having a positive net income in Q1 2015. Full results will be disclosed in a filing with www.otcmarkets.com before May 15, 2015.

Finally, Nutroganics announced that, given continued favorable trends, it expects its revenue will exceed $6.1 million for the first half of 2015 (up from $5.9 million) and $13.2 million for all of 2015 (up from $12.6 million).

For more information, contact David Sackler at dsackler@nutroganics.com or (240) 223-1000, www.nutroganics.com and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127, yes@yesinternational.com.

About Nutroganics:
Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics owns Silverbow Honey Company, a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and NuStar Manufacturing, LLC, a Utah based packager of nutritional products and supplements.

Forward-Looking Statements:
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.

Contact Information

  • Contact:

    David Sackler
    240-223-1000


    Or


    Rich Kaiser
    757-306-6090