Northstar Global Business Services, Inc. products to be on shelves by January 1st.
23 Octubre 2012 - 3:05PM
OTC Markets
Northstar Global Business Services, Inc.
Announced today that the company has taken a tremendous leap
forward in re-introducing it’s nationally recognized product line
into traditional and online retail by 2013.
The announcement comes after a long period of
silence, which CEO, Nick Chieco, explains was strategic in nature,
but he has apparently been a very busy man, pounding down the doors
of “big retail” to re-establish the company’s tremendous retail
distribution, putting its products on the shelves in Walmart© ,
Walgreens©, and many others. Projected sales for the first year are
above 5 million units but exact order amounts will be announced in
the coming weeks.
“We are thrilled to say, we are just about
done lining up our previous distribution channels, and we are
expanding on that by adding the Military Exchanges and other big
retail outlets to our list”, explained Chieco, who also stated,
“The process is extensive, and that’s why it took us so long to
nail down”. Now that the company has it’s distribution laid out for
the next 12 months, what’s next on the agenda?
Although, meeting or exceeding previous sales
records by the 1st of the year is Mr. Chieco’s main
goal, he also wants to assure all shareholders that mechanisms have
been put in place to fund this growth mostly organically and
without dilution. “ I know the number of current authorized shares
is scary, and my promise is that there will be NO, dilution in the
next 12 to 24 months. It’s off the table, period.” He said also
stating that the company did plan to reduce the number of
authorized shares as part of a plan totighten up Northstar’s equity
profile. “Shareholders can expect a lot of press from now on”, said
Chieco in closing, “The company is determined to exceed it’s
previous heights sooner rather than later, and I will make sure the
shareholders know about each and every win.”
About Northstar.
Northstar Global Business Services is a
business services company with a division called “MedGen Healthcare
Products”, dedicated to producing alternative healthcare products.
The three most popular products in Northstar’s arsenal is Snorenz©,
Painenz©, and “Good Night’s Sleep”, an FDA approved sleep aid. All
products use the company’s patented spray delivery system and have
received very positive consumer reviews all over the world, and
sold million upon millions of units from 1996 to the present.
You can contact Northstar at
IR@northstarbb.com or at twitter @medgeninc
MedGen (CE) (USOTC:MDIN)
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