Hi Linda...It's great to see you posting on this thread.
News out a few minutes ago and the stock moved up a point from the intraday low.
PHOENIX, April 28 /PRNewswire/ -- Gum Tech International, Inc. (Nasdaq: GUMM) announced today that it has developed an energy gum for international distribution by Herbalife International, Inc. (Nasdaq: HERBA), one of the nation's largest multi-level marketers.
Gum Tech president, Gary Kehoe, said, "We are pleased that our continued relationship with Herbalife, one of our largest customers in 1998, has led to the development of a new thermogenic energy gum. The gum will be sold initially in Switzerland, and Herbalife is taking steps to increase distribution of this new energy product throughout Europe. The new formulation uses a blend of natural herbs to increase metabolism, giving the consumer increased energy and alertness."
Gum Tech develops, manufactures, and distributes specialty chewing gum products designed to provide health benefits to consumers. The company partners with major food, pharmaceutical, or marketing companies to develop and manufacture gum products under contract manufacturing agreements and supports its own line of branded gums. Gum Tech operates one of the most advanced chewing gum manufacturing plants in the U.S. and is the only stainless steel gum manufacturing facility registered with the Food and Drug Administration to manufacture gum with over-the-counter drug products.
Gum Tech is located at 246 East Watkins Street, Phoenix, Arizona 85004.
E-mail: Brown@gum-tech.com
Gum Tech Forward-Looking Statement:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's anticipated growth in business and future results of operations. These forward-looking statements are based on the Company's expectations and are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include less than anticipated demand for the Company's chewing gum products, lack of market acceptance for or uncertainties concerning the efficacy of ZICAM, a decrease in the level of reorders from existing customers, financial difficulties encountered by one or more of the Company's principal customers, difficulties in obtaining additional capital for marketing, research and development, and other expenses, the possibility of material charges incurred as a result of prior activities, aggressive pricing and marketing efforts by rival gum manufacturers, unavailability of third-party material products at reasonable prices, inventory obsolescence due to shifts in market demand, and material litigation involving product liabilities and consumers issues.
SOURCE Gum-Tech International, Inc.
04/28/99 /CONTACT: Brown Russell of Gum Tech International, Inc., 602-252-1617, or brown@gum-tech.com; or Colleen Tiffany of The Logan Consulting Group, Inc., 716-244-7660 or logangpr@aol.com for Gum Tech International, Inc./ |
