Message #24 From:
Stock News Bot Date: October 11, 2006 08:07:00 AM
NGXL News Nutralogix Laboratories, Inc. Receives Strong Upgrade by Respected Research Firm
WESTON, Fla.--(BUSINESS WIRE)--Nutralogix Laboratories, Inc. (Pink Sheets: NGXL) is pleased to announce
a well-respected firm, TRI-STATE Capital (TSC), has upgraded their
equity rating on NGXL. This strong upgrade comes at a time when the
company aggressively pursues global expansion in Asian, Europe and North
American markets. The strong upgrade is also due to the company
solidifying expansion into the United Kingdom with agreements with nine
new distributors. Management is confirming UK shipments and revenue
anticipated by year’s end.
TSC is noted for their work with, account executives, analysts,
portfolio managers, institutions, venture capital investors, individual
investors and the media. To view the entire independent research report,
please click on the attached URL: http://www.otclive.com.
Troy Johnson, President and CEO of Nutralogix Laboratories, Inc. states, “We
are honored to have a quality independent research firm review our
overall operations, progress and to provide the resulting upgrade in our
stock. This offers further confirmation to our shareholders that our
company is headed in the right direction.” Mr.
Johnson further stated, “We have struck deals
to distribute the Nutralogix line with most of the best and most
appropriate distributors for our products in the UK. We expect the line
will begin to appear in gyms and health and fitness-oriented stores and
facilities before year end 2006. We are now expanding in North America,
through our acquisition of warehouse facilities in Florida, Nevada and
Kansas. Our North American warehouse acquisitions are designed to
expedite sales and product distribution. In order to continue
accelerated global expansion, we are also preparing to open offices in
Asia to enter Asia's multi-billion dollar nutraceutical market.”
Forward-Looking Statements:
This press release contains forward-looking statements. By their nature,
forward-looking statements and forecasts involve risks and uncertainties
because they relate to events and depend on circumstances that will
occur in the near future. There are a number of factors that could cause
actual results and developments to differ materially.