AMAZON NATURAL TREASURES, INC. ANNOUNCES S & P FILING AND $5 MILLION
970805 - AMAZON NATURAL TREASURES, INC. (AZNT) - LAS VEGAS, NV
Amazon Natural Treasures, Inc., (OTCBB: AZNT) announced today it has completed registration with Standard & Poor's. The company, which processes and markets a wide variety of dietary supplements and a 100% natural sweetener, has been approved by Standard & Poor's Editorial Board for inclusion in the next edition of S&P's Standard Corporation Records due out in October. A description of Amazon Natural Treasures is also published in S&P's Daily News, Website and MarketScope service.
Company president, Michael Sylver said the approval from Standard & Poor's represents an important step forward for Amazon. "We are pleased to have confirmation from S&P that all of our corporate paperwork, SEC filings and other documentation meet their standards. In view of the fact that inclusion in S&P's Corporation Records satisfies most states' Blue Sky requirements, this approval enhances our presence and acceptance in the public investment community."
Mr. Sylver also announced the company has entered into an agreement with private sources for equity funding of $5 million. Proceeds from the private placement will be used to fund the company's direct-mail marketing campaign of its natural health products and dietary supplements. Twenty-one of Amazon's products have been selected for introduction to specifically targeted health-conscious consumers who have shown repeated purchase and usage of these types of supplements. Since Amazon's dietary supplements are 100% pure, the company believes them to be of superior quality to the vast majority of health and dietary products currently available.
Additionally, a part of the proceeds will be used for the purchase of sterilizers, ball mill machinery and packaging equipment used in the processing and packaging of the company's natural sweetener. Currently, the company is in the process of testing this sugar substitute for the degree of concentrated sweetness, its potential application in various food and beverage industries, and residue or of after-taste. This unique product is many times sweeter than regular cane sugar and it has no calories, no fat, no carbohydrates, and no chemical additives.
Mr. Sylver stated the company's dietary supplement division will be fully operational in the fourth quarter of 1997 with projected first quarter (1998) sales of $1.1 million from its direct-mail marketing campaign. Amazon's natural sweetener division should be operational in the first quarter of 1998.
All dietary supplements manufactured by Amazon Natural Treasures, Inc. are 100% pure and natural with no fillers or additives. These products, known as "phytogenics", are a product of processing plants and related species found only in the Brazilian Amazon Rain Forest. The company, which is headquartered in Las Vegas, Nevada, also maintains laboratory and shipping facilities in Manaus, Brazil and offices near Toronto, Canada.
For additional information call: Alexis International Corporate Relations 760.773.9227 howestreet.com |