Here's some new news. 4,600 retail outlets added to the distribution channel for Zicam. That should add a tidy sum of revenue to Q4 just to fill those stores.
biz.yahoo.com
Monday December 11, 1:01 pm Eastern Time
Press Release
SOURCE: Gel Tech LLC
Zicam(TM) Cold Remedy Secures Distribution at GNC And Vitamin World Stores Nationwide
WOODLAND HILLS, Calif., Dec. 11 /PRNewswire/ -- Gel Tech LLC, a joint venture between Gum Tech International, Inc., (Nasdaq: GUMM - news) and BioDelivery Technologies, Inc., today announced an agreement to distribute Zicam(TM) Cold Remedy to General Nutrition Companies (GNC) and Vitamin World nutrition stores nationwide, adding approximately 4,600 outlets to the current retail distribution list. Zicam(TM) will be available at GNC and Vitamin World beginning this month.
``Zicam(TM)'s distribution has successfully penetrated the allopathic cough/cold product sections in key national and regional food, drug and mass merchandise chains, with product currently available at approximately 50,000 stores nationwide,'' said Gary Kehoe, President and Chief Operating Officer of Gum Tech. ``We have recently expanded our focus to include distribution at major alternative channels such as GNC and Vitamin World, the leading suppliers of nutritional and health products. We are pleased that Zicam(TM) meets the criteria for both the specialty retailers and mass market venues.''
General Nutrition Companies, Inc., based in Pittsburgh, PA, is the only nationwide specialty retailer of vitamin and mineral supplements, sports nutrition and herbal products and is also a leading provider of personal care, fitness and other health related products. The company's products are sold through a network of over 4,200 retailer stores operating under the General Nutrition Centers, Health & Diet Center and GNC Live Well names. The Company's stores are located in all 50 states.
Vitamin World is part of NBTY, Inc., a leading vertically integrated manufacturer, wholesaler and marketer of a broad line of high quality, value-priced nutritional supplements in the United States, the United Kingdom and worldwide. At the beginning of calendar 2000, NBTY had 400 vitamin World stores in the U.S.
Zicam(TM) Cold Remedy uses a proprietary gel matrix to apply an emulsification of ionic zinc, known as Zinullose(TM), directly to the nasal cavity. In a study published in the October 2000 issue of the ENT - Ear, Nose & Throat Journal, Zicam(TM) Cold Remedy was shown to reduce the duration of the common cold by an average of 75% when taken at the onset of symptoms.
Zicam(TM) Cold Remedy was developed by Gel Tech, LLC, a joint venture between Gum Tech International, Inc., a publicly held company located in Phoenix, AZ, and BioDelivery Technologies, Inc., a privately held biotechnology company. Gum Tech and BDT are engaged in the development of unique systems for delivering bioactive compounds.
For additional information, please contact Michelle Rossow, Gel Tech LLC, 818-340-3497, mrossow@gel-tech.com or Lynn Romero, Manager of Investor Relations, Gum Tech International, Inc., 602-252-1617, ext. 320, lromero@gum-tech.com. |
