MADISON HEIGHTS, Mich.,
Feb. 5, 2013 /PRNewswire/ -- Creative
Edge Nutrition, Inc. (OTCPINK: FITX), a nutritional supplement
company focusing on active lifestyles is pleased to update its
shareholders on the current status of the company and
continuing efforts to grow into a profitable company providing
increased shareholder value along with our just released product
launch of the Metabolic Xtreme, and Alpha drive. We are pleased to
announce that our Metabolic Xtreme and Alpha drive are available
for sale to the general public and can be purchased online at
www.supplementstogo.com, www.a-z-nutrition.com, www.fitnessone.com,
www.worldclassnutrition.com.
Since my last letter there have been a number of developments in
your company which I wish to update you on. These developments are
the groundwork necessary for the executing of new retail contracts
with some of the largest supplement retail companies in
the United States and Canada. There is a very detailed process of
our products being accepted for retail sale and we wanted to make
sure that our label claims have merit as we have re-formulated
ingredients for our Metabolic Xtreme, Hyperfusion, Aminoplex, and
Alpha drive products. These will be among the first products of the
Cenergy line that we launch.
Since I was appointed as CEO of the Company on April 6, 2012, our Board of Directors had a clear
vision and strategy in mind: build a vertically integrated
nutrition company that can conceptualize, create and sell direct to
the consumer and for Store Only Brands while leveraging strategic
distribution partners globally. We had to reorganize and streamline
the order fulfillment company in order to prepare Creative Edge
Nutrition, Inc. to handle the anticipated increased volume.
Jeff Thomas, VP of Sales has been
integral in this area and will continue to spend time more in our
Arizona sales, SEO and fulfillment
center, to manage this process.
Although we secured Purchase Order financing and have issued our
first financed Purchase Order to one of our distributors, we have
also secured credit risk financing from Coface Insurance, the
world's leader in credit risk and trade financing risk. We are
producing products for our Australia, Canada and European distributors and Coface
assures us of the credit worthiness of our partners. They have
issued an insurance contract valued at $1.65M for some of the credit worthy U.S.
vendors.
We have valued banking relationships with credit line, purchase
financing, and operating facility of over $2.75M dollars across our business interest, and
we have continued to service these lines contractually. We are
looking to consolidate these banking relationships with one or two
major banks in the U.S., who have already opened merchant and
corporate banking accounts to handle our increased volume of
business.
The financial engineering, credit and trade insurance program,
product repackaging, redesign and relabeling, as well as
fulfillment center reorganization are all critical components that
were needed to engage the right banking relationship, and execute
the right contract with the U.S., leading supplement retailers.
We want to ensure you, our shareholders, that the process is
continuing in all facets of the company to create increase
shareholder value and grow the brand into a profitable and
sustainable company. We are patient, but strategic and methodical
in our negotiations with banks, vendors, distributors and retail
customers. We will be making additional announcements regarding
sales, and contract executions once legal has signed off on the
content. Our company will continue to grow its presence and operate
at the highest level of integrity in our products, the market, and
to you, our shareholders. We will leverage our acquisitions
and strategic partners to enable continued organic and inorganic
growth to support our goal of creating long-term shareholder
value.
Bill Chaaban,
President & CEO
About Coface www.coface.com
Coface, created in 1946, has developed the credit insurance offer
into a full international coverage. Its network is built on its own
local entities throughout the world and its Credit Alliance
partners. The Coface Group is a trade risk expert and a
worldwide leader in credit insurance. The Group offers credit
insurance solutions that aim to protect businesses against the risk
of financial default by their customers. with more than 4,600
employees and in 97 countries.
About Creative Edge Nutrition, Inc.
www.CenergyNutrition.com
Creative Edge Nutrition is a holding company and a Nutritional
Supplement Company focused on developing innovative, high quality
supplements. The company offers a broad spectrum of capsules,
tablets, and powders, as well as science based products in the
principal categories of weight management, nutrition challenges,
energy and fitness. The Company manufactures under strict GMP
guidelines at GMP Certified and/or FDA registered facilities.
www.CenergyNutrition.com and
http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211.
About www.supplementstogo.com
Supplementstogo.com is one of the leading online retailers in the
market today for discount supplements! Always focusing on the
hottest products and what provides the best results for their
customers, Supplements To Go has made a great name for themselves
in the world of nutrition. To find out more about
SupplementsToGo.com, please view the site
www.supplementstogo.com.
About www.a-z-nutrition.com
A-Z-Nutrition.com is one of the best known e-tailers of discount
nutritional supplements. Providing its customers over a
decade of quality products at the best prices around, A-Z-Nutrition
supports its customers with a portal that is easy to use and to the
point. To find out more about them, please view their site
www.a-z-nutrition.com.
About www.worldclassnutrition.com
World Class Nutrition – Founded in 1999, early in the internet age
of web based super stores, World Class Nutrition is a successful
nutritional supplement/fitness equipment retailer due to providing
their loyal customers top level support and great prices on their
favorite supplement brands.
About www.chesapeakenutraceuticals.com
Chesapeake Nutraceuticals provides premium grade supplements to
aging Americans. Consumers can count on them for bringing the
latest scientific findings in the supplement world to market as
their entire line is Doctor Formulated in conjunction with the
latest research from elite U.S. and International Medical
Institutions. To find out more about them, please view their
site www.chesapeakenutraceuticals.com.
Safe Harbor Notice
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, such as statements relating to financial results and plans
for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the Company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Security and
Exchange Commission. The Company undertakes no obligation to update
any forward-looking statements.
Contact: Jeff Thomas (313)
655-1669 Email: Info@cenergynutrition.com
SOURCE Creative Edge Nutrition, Inc.