Nutraceutix Issues Clarification To Press Release Citing Rite Aid and drugstore.com.Health & Medical Writers REDMOND, Wash.--(BW HealthWire)--April 3, 2001 Nutraceutix Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: NUTX), a leading provider of proven technologies and products for the dietary supplement, over-the-counter (OTC) and prescription drug markets, Tuesday noted that a press release it issued on March 12, 2001 contained incorrect information about Rite Aid Corp. (NYSE NYSE See: New York Stock Exchange : RAD) (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. : RAD) of Camp Hill, Pa., and drugstore.com of Bellevue, Wash., and their involvement with Nutraceutix. In the release, Nutraceutix stated that Rite Aid and drugstore.com were parties to a licensing agreement signed by General Nutrition Corp. (GNC GNC General Nutrition Centers GNC Gas Natural Comprimido (Argentina) GNC Guidance, Navigation, and Control GNC Grand National Championship (ATV racing) GNC Global Navigation Chart ) to market Nutraceutix' patented Calcium D-Glucarate. While GNC is a party to the agreement, Rite Aid and drugstore.com are not. The products will be marketed solely by GNC, although they may be sold in GNC stores located within Rite Aid stores and online at the GNC Live Well store on drugstore.com. In addition, it was erroneously stated that GNC is listed on Nasdaq under the symbol GNCI GNCI Great North China Initiative , which has not been the case since its purchase by Royal Numico N.V., a global leader in specialized nutrition products. Calcium D-Glucarate is the patented form of glucaric acid, which is found naturally in the body, and which supports glucuronidation, a process in which the body detoxifies environmental carcinogens and other potentially harmful toxins. Nutraceutix Inc. possesses proven technologies and products for the nutraceutical industry. In addition to patented ingredients like Calcium D-Glucarate, Nutraceutix provides patented and proprietary technologies like CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT (TM) Controlled Delivery Technology, MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → (TM) Molecular Dispersion Technology, SET(TM) Self Emulsifying Technology and LiveBac(R) Probiotics Probiotics Bacteria that are beneficial to a person's health, either through protecting the body against pathogenic bacteria or assisting in recovery from an illness. Mentioned in: Colonic Irrigation, Dysentery, Gastroenteritis . Nutraceutix technologies provide distinctive supplements with tangible benefits for the consumer and competitive commercial advantages. For more information on Nutraceutix, please call Marcia Rauser at 800/548-3222, or visit www.nutraceutix.com. Except for any historical information, the matters discussed in this press release contain forward-looking statements, including activities, events or developments that the company expects, believes or anticipates will or may occur in the future. Such statements are subject to a number of assumptions, risks and uncertainties. Readers are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward-looking statement. |
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