Emerging Stock News
Growth Stocks
In The News
Growth Stock, NNTN, Gains Control Of Leading International Health Products Company
Estimated $100 Million+ In Share Value Added
In Litigation Settlement
Ottawa, Canada
Natural Nutrition, Inc. (Stock Symbol: NNTN)
Settles Litigation
Gains Ownership And Operational Control of
Interactive Nutrition, Inc.
A 10 Year Old Health, Diet and Sports Nutritional Supplements Company
OTTAWA, Canada
June 11, 2007 -- PRNewswire-FirstCall
Natural Nutrition, Inc. (Stock Symbol: NNTN) announced today the settlement of all litigation concerning its ownership and operational control of Interactive Nutrition, Inc. (INII).
In settlement of the litigation, Natural Nutrition purchased the outstanding note to the original sellers of Interactive Nutrition, Inc. in the original amount of $15 million CDN for $7.65 million CDN.
Tim Connolly, CEO of Natural Nutrition commented:
"After nearly two years of controversy and litigation, we have settled all matters concerning our disputes with the prior owners over the ownership of INII and the operating control of this well established manufacturer of sports nutrition products. We are pleased to report to our shareholders that we are now in control of this profitable ten year old nutraceutical manufacturer and look forward to maximizing its value for our shareholders."
Natural Nutrition and Interactive Nutrition, Inc.:
Natural Nutrition's primary asset is Interactive Nutrition, Inc,
a 10 year old sports nutrition product manufacturer located in
Ottawa, Canada.
The company manufactures and sells sports nutritional products in 15 countries throughout the world.
