MAHWAH, NJ -- (Marketwire) -- 06/15/11 -- NuVim, Inc. (PINKSHEETS: NUVM), a leading provider of nutritional refrigerated and shelf stable ready to drink beverages and powder mixes, announced today that two of NuVim's part time employees who have been working with the company for the last 10 years have agreed to convert their combined accrued past due invoices to stock. The invoices range from current to over 90 days. They agreed to convert to restricted stock at $0.05. The amount to be converted is $48,619 which will also improve the balance sheet in the second quarter. Each of the team members have said that "We believe in the future of the company and therefore agreed to the higher than market price conversion." CEO Rick Kundrat said, "It is gratifying that these individuals who have helped the company through some very difficult times can see the potential of where this company could be as it changes the business model. We announced that we are current with the OTC Markets filings and that the new Wellness/Weight Control is in final stage of formulation and that we are again shipping to Wal-Mart Supercenters in the Florida market. We have a lot of work ahead of us before we can say we have a strong future, but the progress is encouraging."
NuVim announced previously the work that is being done on their new all natural Wellness/Weight Control powder mix powder line with the team of medical professionals that have assisted in the product development. The new products will have application to the general population where we believe it will be well received by all age groups, people of all ethnic backgrounds and both male and female. The new product positioning will be Feel Your Best Everyday.
The reasons to believe the NuVim promise is that NuVim contributes to increase mineral and vitamin absorption to help improve overall nutrition and curb between meal hunger. NuVim promotes a strong immune system to help reduce E-coli, Fungi and salmonella bacteria. It assists in muscle and bone health through calcium and magnesium absorption to encourage more play and work activity, increases vitality and the recovery after strenuous exercise and aids in consistent digestion to help decrease fat absorption. Counting calories, daily activity and all of these NuVim benefits play a role in how you look and feel.
About NuVim: NuVim® also markets ready to drink 64 ounce beverages that are sold in the Florida market Wal-Mart supercenters. Based on an extensive research and development project that spanned over 30 years, the ready to drink products help maintain a strong immune system, increase mineral, vitamin, micronutrient and calcium absorption and improve consistent digestion with its exclusive ingredient NutraFlora®, a clinically proven natural prebiotic fiber. NuVim® also contains a level of whey protein concentrate that is known to help muscle flexibility, promote sturdy joints, and improve athletic performance. NuVim® has no high fructose corn syrup, no lactose, no cholesterol, no fat, no artificial flavors, and no caffeine.
With only 45 calories per 8 ounce serving in the refrigerated products and less than 5 calories in the new Wellness, Weight Control powder mix and its nutritional values, NuVim® could be considered the "Best Thing You Can Drink." After drinking NuVim® for 30 days, NuVim® guarantees you will "Feel the Difference."
To learn more about NuVim® visit www.nuvim.com or call toll free 877-850-8777
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here