Nutroganics, Inc. (NUTT) Announces Increased Financing Commitment From Crestmark Bank
29 Abril 2014 - 8:00AM
Marketwired
Nutroganics, Inc. (NUTT) Announces Increased Financing Commitment
From Crestmark Bank
BETHESDA, MD--(Marketwired - Apr 29, 2014) - Nutroganics, Inc.
("Nutroganics") (PINKSHEETS: NUTT) announced today that Crestmark
Bank has increased its financing commitment to Nutroganics to $1
million through two separate facilities of $500,000 each to
Silverbow Honey and NuStar Manufacturing, Nutroganics' wholly owned
subsidiaries.
"We are pleased that Crestmark Bank has chosen to increase its
commitment to Nutroganics," said CEO David Sackler. "We look
forward to working closely with their team as we continue to build
the Nutroganics brand."
About Nutroganics: Nutroganics, Inc. acquires and grows
revenue-generating businesses operating in the consumables segment
of the healthy lifestyle marketplace including natural and organic
foods and nutritional supplements. Nutroganics owns 100% of both
Silverbow Honey (www.silverbowhoney.com) and NuStar Manufacturing
(www.nustarmfg.com). For more information, please visit
www.nutroganics.com.
About Crestmark: Crestmark is a nationally known and respected
FDIC-insured bank that provides innovative financial solutions for
small- to medium-sized businesses. Financing solutions include
asset-based lending, accounts receivable financing, lines of
credit, factoring and equipment financing. Crestmark finances most
business-to-business companies, and has extensive experience in
helping many industries including transportation, manufacturing,
staffing, petrochemical, government contractors, apparel and
furniture manufacturing. Headquartered in Michigan, with locations
in California, Florida, Louisiana, Tennessee, New York, and
Illinois; representatives in Alabama, Maryland, North Carolina, and
Texas, www.crestmark.com.
For more information, contact David Sackler at
dsackler@nutroganics.com or at (516)-513-5113.
Forward-Looking Statements: This release may contain
forward-looking statements, which involve known and unknown risks,
uncertainties, and other factors, which may cause Nutroganics'
actual results, performance, or achievements to be materially
different from actual future results expressed or implied by the
forward-looking statements. We undertake no obligation to update
any forward-looking statements after the date of such
statements.
Contact: David Sackler (516)-513-5113
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