NuVim Up to Date With Financial Filing
06 Giugno 2011 - 2:30PM
Marketwired
NuVim, Inc. (PINKSHEETS: NUVM), a leading provider of nutritional
refrigerated and shelf stable ready to drink beverages and powder
mixes, filed the quarter financial statements on Friday. The
lateness in the filing was due in part to relocating the corporate
offices. After 11 years in the same building NuVim decided to
change locations rather than commit to another 3 year office term
lease. The move will reduce the annual G&A expense by
approximately $50,000.
More importantly, the first quarter represented a transition in
the NuVim business model. There were no sales on the ready to drink
beverage line until April when Wal-Mart reinstated the product
line. Powder mix sales had no promotions in anticipation of
converting the current powder mix product to a new improved all
natural product endorsed and supported by John St. Cyr, M.D., PhD.,
Paul Addis, PhD., Linda Shecterle, PhD. and nutritionist Ruth
Carey, RD., CSSD, LD,. These medical professionals assisted in the
product development and will be fully engaged over the next 12
months to help enlighten the medical community to the NuVim
nutritional benefits.
Dr Addis, Dr. St. Cyr, Dr. Shecterle and Registered Dietitian/
Nutritionist Ruth Carey said in a combined statement that, "NuVim
is certainly to be commended for re-inventing itself and focusing
on the future to educate America on how to stay nutritionally sound
and fit. In addition, kudos to NuVim for taking a financial and
sales step backwards to spend the effort developing the new all
natural product line that enhances the immune system, increases
mineral and vitamin absorption, contributes to vitality and
recovery after exercise, aids in consistent digestion and helps
muscle and bone health by helping the body absorb more calcium and
magnesium. We have joined the NuVim team because we appreciate the
management experience in the beverage world, believe and trust in
their products and the Company's future."
NuVim www.nuvim.com 877-850-8777
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