Gum Tech Receives $500,000 Reorder from The Winning Combination to Manufacture Chewing Gum.PHOENIX--(BUSINESS WIRE)--Oct. 8, 1997--Gum Tech International 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 :GUMM GUMM Gurus of UNIX Meeting of Minds ) has received a $500,000 reorder re·or·der v. re·or·dered, re·or·der·ing, re·or·ders v.tr. 1. To order (the same goods) again. 2. To straighten out or put in order again. 3. To rearrange. v. from The Winning Combination Inc., a Santa Monica, Calif.-based manufacturer and marketer of nutritional supplements. The reorder is for the manufacture of a series of functional chewing gums to be sold under The Winning Combination brand name. The gums are manufactured by Gum Tech at its state-of-the-art plant in Phoenix, and are among several chewing gums to be produced by Gum Tech for The Winning Combination in the next 12 months. Gum Tech also received a reorder from Rite Aid for its CigArrest homeopathic Homeopathic A holistic and natural approach to healthcare. Mentioned in: Ehlers-Danlos Syndrome homeopathic, adj smoking cessation gum, ChromaTrim and CitrusSlim. "We're very pleased with our relationship with The Winning Combination," said Gum Tech Chairman, President and Chief Executive Officer, Jerry Kern. "They are one of the largest direct-response marketers of vitamins in the U.S. and are also the exclusive nutrient-supplement supplier to such well-known outlets as The Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Weight Watchers, and others." "This one reorder from The Winning Combination exceeds Gum Tech's total third-quarter sales from last year," said Jeff Bouchy, Gum Tech's chief financial officer. Gum Tech is located at 4205 North 7th Ave., Suite 300, Phoenix, Ariz. 85013. E-mail: sandy@gum-tech.com . -0- NOTE: Gum Tech's future results of operations and other forward-looking statements contained in this document, in particular statements concerning plant efficiencies and capacities, capital spending, research and development and other expenses, involve a number of risks and uncertainties. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: business conditions and the general economy; competitive factors, such as rival gum manufacturers' pricing and marketing efforts; availability of third-party material products at reasonable prices; unused barter credits, if any; risk of nonpayment of accounts receivable; risks of inventory obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. due to shifts in market demand; timing of product introductions; and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. involving product liabilities and consumer issues. CONTACT: Gum Tech International Inc., Phoenix Jerry Kern, 602/277-0606 or Aldrich & Associates, Long Beach, Calif. John DeNovi, 562/436-5156 john@aldrichpr.com |
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