Medi-Hut Co., Inc. Announces Expansion of Medi-Hut TRU-Choice Line.Business Editors & Health/Medical Writers BIOWIRE2K LAKEWOOD, N.J.--(BW HealthWire)--July 30, 2001 Medi-Hut Co., 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 :MHUT) announces the expansion of its Medi-Hut TRU-Choice line to include six new generic tablets and 14 new liquids. These products include Ferrous Sulfate ferrous sulfate or iron (II) sulfate, chemical compound, FeSO4. It is known as the monohydrate, FeSO4·H2O; the tetrahydrate, FeSO4·4H2O; the pentahydrate, FeSO4 , similar to Feosol, Senn-lax Tabs, similar to Senokot, Multivitamin mul·ti·vi·ta·min adj. Containing many vitamins. n. A preparation containing many vitamins. multivitamin and Mineral Tabs, similar to Thergran, Medilox Antacid antacid, any one of several basic substances that counteract stomach acidity (see stomach). Antacids are used by physicians to treat hyperchlorhydria, i.e., the excessive production of hydrochloric acid by the parietal cells lining the stomach. , similar to Maalox, Medi-Peptic Suspension, similar to Pepto Bismol, Guaifenesin Syrup, similar to Robitussin, and many more. These additional products will open new avenues of sales for the company's OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). generic drug business as it expands its distribution network into the nursing home market. "Due to increased inquiries for additional OTC generic drugs, we will be adding these new products to our Medi-Hut TRU-Choice line earlier than I predicted," says Mr. Joseph A. Sanpietro, President and 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 Medi-Hut Co., Inc. "We anticipate production of these new products to commence in October 2001 and sales to follow immediately." Medi-Hut Co., Inc. was founded in 1982 and began trading publicly in February 1998. The company private labels and markets its own "Elite" brand insulin syringes, condoms, alcohol preps and hot and cold packs, etc. as well as its TRU- Choice brand of OTC Drug Products. Medi-Hut Co., Inc. manufactures its own Elite brand anti-stick safety syringe that incorporates a transparent sleeve into which the needle automatically retracts after use. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term defined in 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. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
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