SOURCE: Nutroganics, Inc.

Nutroganics, Inc.

February 02, 2015 09:00 ET

Nutroganics (NUTT) Announces Record Month for Revenue; Positive Net Income for January 2015; Raises Guidance

BETHESDA, MD--(Marketwired - Feb 2, 2015) - Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announced today that it had a record month in January 2015 with revenue above $1.2 million and positive EBITDA and net income.

David Sackler, Nutroganics' President & CEO, said, "We are very pleased to announce that our operations continue to strengthen and that we have achieved our goal of recording positive net income a month ahead of schedule. While the nature of our business, at this stage, is such that consistent monthly profitability is subject to our customers' order patterns, the trend line for both revenue and profits is very encouraging. It is clear that our expansion strategy of adding new capabilities and product offerings is being well received by our customers." 

Nutroganics also announced today that it expects its revenue will exceed $5.2 million for the first half of 2015 (up from $5.0 million) and $11.5 million for all of 2015 (up from $11.3 million).

For more information, contact David Sackler at dsackler@nutroganics.com or (240) 223-1000.

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