News Just Out, Private Lable from Prairie Natural in Canada to the USA:
From: newsout@stockwatch.com
Date: Wed, 24 May 2000 11:20:48 -0700
Subject: Stockwatch US: LRDI
(Applies to: LRDI)(( aka Q.LRDI or LRDI:OTCBB )
Laredo Investment Corp. Announces Updates
LAS VEGAS, May 24, 2000 (BUSINESS WIRE) -- Laredo Investment Corp. ("Laredo" or
the "Company") (OTCBB:LRDI) is pleased to provide the following update on its
affairs since acquiring GFR Nutritionals on April 4, 2000.
Over the past quarter, the company has been meeting its aggressive expansion
plans in production, sales and marketing. Laredo is positioning itself to become
a leader in the multibillion-dollar online business of nutritional, herbal and
sports nutrition products.
Operations
The company's plant and production facility has been expanding rapidly to meet
its demand in nutritional supplements. Significant orders have been placed for
its Powder Blending and Encapsulation products to Europe and within North
America. In addition, the company's Private Label division is in negotiations
with several national wholesalers and retailers to provide private branded
products.
NutritionalsDirect.com
The company is currently beta testing its e-commerce website,
www.nutritionalsdirect.com which it expects to launch shortly. Through the
company's online site, nutritionsdirect.com, it researches, develops,
manufacturers and markets its own products directly to the end user while
providing full support and offers a 100% guarantee of its products.
NutritionalsDirect.com is an e-commerce nutritional products company that is
dedicated to "making better health easier" and expects to become a dominant
player in this rapid growing field.
Corporate Development
Laredo is in final negotiations to acquire a California web based virtual gym
that provides a full range of products and services for the sports industry.
This strategic acquisition will enable the company to quickly penetrate the
sports supplement business through the current subscribers of this virtual gym
as well as grow it through its celebrity product endorsement. The company
expects to sign a Letter of Intent before the end of May 2000.
The news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1996. Forward-looking statements concerning
plans, objectives, goals, strategies, future events of performance and
underlying assumptions and other statements which are other than statements of
historical facts. These statements are subject to uncertainties and risks
including, but not limited to product and services demand and acceptance,
changes in technology and in economic, political and regulatory conditions and
to all of the risks generally associated with a company at Laredo's state of
development. All such forward-looking statements whether written or oral, and
whether made by or on behalf of the company are expressly qualified by these
cautionary statements. In addition, the company disclaims any obligation to
update any forward-looking statements to reflect events or circumstances after
the date hereof.
Laredo Investment Corp. shares trade on the OTC Bulletin Board under the symbol
"LRDI".
CONTACT: Laredo Investment Corp.
Investor Relations, 877/931-2233
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