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Advanced Nutraceuticals, Inc. Announces Executive Changes and New Products.

Advanced Nutraceuticals, Inc. , announced today the following executive changes and product developments at its subsidiary, ANI Pharmaceuticals, Inc. ("ANIP"):
 -- Gary Long has been promoted to President of ANIP following his hiring
 in December 2002 as Chief Operating Officer of ANIP. Gary has
 extensive experience in the pharmaceutical industry, including 18
 years with Novartis. Mr. Long in conjunction with the ANIP staff has
 already achieved significant improvements in operating efficiencies,
 product deliveries and customer service levels, and his promotion is
 in recognition of his value to the Company.

 -- Jim Carriero has joined ANIP as Vice President of Sales and Marketing
 to oversee the Private Label division. Mr. Carriero has over 30 years
 of senior management, sales and marketing experience in the
 pharmaceutical industry.

 -- Test results on ANIP's new and expanded products and product
 formulations continue to be successful with an anticipated product
 launch of improved liquid stomach remedy flavors and products in early

Greg Pusey, President of ANII stated, "I am very pleased with the turnaround continuing at ANIP, noting that both sales and cash flow from operations continue to improve. I am also most gratified with the improvements recently achieved by the team at ANIP in improved customer service and progress on new product development efforts."

ANII had previously announced that it had completed the refinancing of its credit line into a three-year $5.5 million secured credit facility to provide the liquidity and working capital to support the continued growth of the Company.

ANII's operations are conducted through two wholly owned subsidiaries, Bactolac Pharmaceutical Inc. and ANI Pharmaceuticals, Inc. Bactolac is a private label contract manufacturer of vitamins and supplements located in Hauppauge, New York. ANIP is a contract and private label manufacturer of over-the-counter liquid and powder pharmaceutical products, primarily liquid stomach remedies, located in Gulfport, MS.
 For additional information contact:

 Jeff McGonegal (303) 475-3786 (Email: or
 Gregory Pusey (303) 722-4008 (Email:

This press release includes "forward looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors ANII believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of ANII. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including adverse changes in market conditions, fluctuations in sales volumes, delays in product development and market acceptance and problems in collecting receivables. Furthermore, ANII does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.

CONTACT: Jeff McGonegal, +1-303-475-3786,, or Gregory Pusey, +1-303-722-4008,, both of Advanced Nutraceuticals, Inc.
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Publication:PR Newswire
Geographic Code:1USA
Date:Apr 28, 2003
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