Century Announces Joint Venture with Aloe Commodities International to Develop Full Line of Health Drinks for 370 Bally Total Fitness Centers.Business Editors LINWOOD, N.J.--(BUSINESS WIRE)--March 8, 2000 Century Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB CNTI CNTI Confederação Nacional Trab Industria ) announced today that its new management team has entered into a Joint Venture agreement with Aloe Commodities International to develop a full line of health drinks for Bally Total Fitness Bally Total Fitness is an American health club chain with 400 gyms in 70 cities, and claims 4 million customers [1]. The chain has recently opened gyms in South Korea, China & the Bahamas. Holding Corporation. The line will consist of 12 different health drinks to be marketed throughout the 370 Bally Total Fitness Centers nationwide in the United States, and marketed through a sub-license maintained with Bally Total Fitness. These ready to drink products include drinks infused with aloe vera aloe vera n. 1. A species of aloe (Aloe vera) native to the Mediterranean region. 2. The mucilaginous juice or gel obtained from the leaves of this plant, used in pharmaceutical preparations for its soothing and healing and other nutritional supplements. The drinks will also be marketed through retail stores. Gross revenues from this single mass marketing are projected to reach $20-25,000,000 in the next 12 months, and should produce significant earnings based on current margins. Century's new management team has organized Century, as a health products marketing company, into 3 separate divisions, denominated as (1) the Nutritional Division, (2) the Membership Marketing Division, and (3) the Web Technology Division. The Bally Fitness Centers drinks will be designed, produced and distributed through the Nutritional Division. The Nutritional Division will report revenues in excess of $2,000,000 from Network Marketing for the year 1999, as a result of the Company's acquisition of the assets of Worldwide Network, Inc. in December, 1999. This JV alliance follows on the heels of Worldwide's recent completion of the bulk sale of $600,000 of its Nautilus nautilus, in zoology nautilus, cephalopod mollusk belonging to the sole surviving genus (Nautilus) of a subclass that flourished 200 million years ago, known as the nautiloids. health supplements products. Carl Valore, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Century, stated: "This JV with Aloe Commodities for the Bally Fitness Centers, will give us a huge retail showcase for Sports Nutrition and Weight Management health drinks in a nationwide environment. This showcase will help fire the health conscious consumer's imagination and their desire to participate in the 'Self Care' nutrition market. A Self Care market is neither alternative care nor supplemental care, and feeds the consumers' desire to stay healthy. Prevention Magazine reports that 74.4 million adults say they are more likely to treat themselves before seeing a doctor." Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission. |
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