To All: Anybody have any info of anykind on this co.?
Its at its 52week low of .21 give or take a penny and was 52 week high of over 5 bucks, but thats about all i know, except they had what appears to be pretty good news this afternoon. Might be a good turnaround story. Would appreciate any other info?
Thanks
Mark
biz.yahoo.com
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Tuesday June 2, 3:07 pm Eastern Time
Company Press Release
NexTech Enterprises Signs Distribution Agreement With Major Pharmaceutical Distributor
NexTech to Showcase Performance Products This Month at National Athletic Trainers Convention
LOS ANGELES--(BUSINESS WIRE)--June 2, 1998-- NexTech Enterprises International Inc. (OTC/BB:NXTC - news) Tuesday announced that it has signed an agreement with a major pharmaceutical distributor to sell NexTech's products through pharmacies across the United States.
This new distribution agreement will take full advantage of NexTech's recently completed vertical reorganization and will benefit from NexTech's streamlined system for production and delivery of its innovative product lines.
NexTech anticipates that this pharmacy distribution partnership, as well as increased sales of its peak-performance athletic products, will generate significant revenue and EPS increases by December of this year.
NexTech also announced that it has received a high level of interest in its line of performance-enhancing nutraceutical products from professional trainers and athletic organizations. NexTech will showcase these ''next-generation'' nutritional supplements on June 17 at the National Athletic Trainers Convention, in Baltimore.
The company expects that brisk sales and increased exposure will spark a rise in revenues and profits for NexTech's nutritional division.
Dr. Ronald Amen, president of NexTech Enterprises, discussed the company's growing momentum, saying: ''We have traveled a long road to reach the commercial distribution phase. We have developed alliances overseas which allow us to deliver products at very competitive prices.
''With increasing revenues and with interest in our product lines growing daily, we are enthusiastic about our prospects for continued long-range growth.''
To assist in NexTech's anticipated growth, the company reported, it has retained the services of Fortress Financial Group Ltd., a respected full-service broker dealer with offices in New York; San Diego; and Isle of Palms, S.C.
Fortress Financial's retail, institutional and corporate finance departments will provide investment-banking, broker-relations and public-relations services for NexTech Enterprises.
NexTech Enterprises International is a multi-industry science and technology company. NexTech manufactures chemical, medical and nutritional products.
Subsidiaries of NexTech include Rose Color Inc., a colorants producer and supplier with facilities in Newark, N.J., and India; NexTech Healthcare, a marketer of proprietary health-care products; and SPS Alfachem, a development/sales company producing fine chemicals and pharmaceutical intermediates, nutraceuticals, herbs and herbal extracts.
This news release contains forward-looking statements with respect to the results of operations and business of the company that involve risk and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
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Contact:
NexTech Enterprises International Inc.
805/496-0301
805/496-0801 (fax)
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