Printer Friendly

Futurebiotics Announces Termination of Purchase Agreement.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 2, 1999--

Futurebiotics, Inc. (Nasdaq -VITK) announced the that Nutraceutical International Corporation (Nasdaq SmallCap- NUTR) had exercised its option to terminate the agreement pursuant to which an indirect wholly owned subsidiary of Nutraceutical was to acquire the assets comprising the Futurebiotics line of nutritional supplements.

Futurebiotics is engaged in the distribution, marketing and sales of vitamins, minerals, herbal formulations and specialty nutritional supplements, which it markets principally to health food stores through regional distributors. -0- Statements in this release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Futurebiotics' reports and registration statements filed with the Securities and Exchange Commission.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jul 2, 1999
Words:218
Previous Article:Telos Corporation Announces Annual Shareholders Meeting.
Next Article:Delta Airlines to be Discussed by Goldman Sachs Managing Director On RadioWallStreet Internet Broadcast.
Topics:


Related Articles
Nutraceutical International Corporation and Futurebiotics, Inc. Enter Into Purchase Agreement.
PDK Labs, Inc. Announces That Its Subsidiary Has Entered Into a Purchase and Sale Agreement With Nutraceutical International Corporation.
PDK Labs Inc. Announces First Quarter Results.
Partnership depreciation trap.
Reviewing a buy/sell agreement.
Futurebiotics, Inc. Announces Notice of Nasdaq Delisting.
Force Majeure and Termination.
Insurance agency termination payments were ordinary income.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters