Dallas, Texas 10/07/2013 (Financialstrend) – On October 2, 2013 UTHA based Nutranomics, Inc. (OTCBB:NNRX) released a public statement indicating that it is in receipt of a “initial purchase order” from Manila based multi level marketing company “Total Nutrition Corporation”. Total Nutrition is one of the biggest multi levels “life style product marketing companies” in Philippines
Dr. Tracy Gibbs, CEO of Nutranomics has been quoted as saying that “this initial purchase order from an influential multiple franchise owners like “Total Nutrition” should open up several additional retail distribution opportunities for us in the Philippines and in other markets.”
With close to 200 GNC stores across the Philippines, Nutranomics is hoping that the recurring sales revenue will go up. The company is looking at “Total Nutrition” stocking and display six of the newest “Nutranomics” products across all its high-traffic GNC store fronts.
Readers should note that over the past few months, Nutranomics is making a lot of moves in the market to monetize its expertise in developing life style products to other companies. In this context one needs to know that on September 20 the company had changed its name from Buka Ventures Inc. to Nutranomics, Inc. The name change has got FINRA approval and hence the new ticker / symbol of NNRX are being used by the firm.
As reported earlier the company has also successfully completed the reverse merger process with “Health Education Corporation” by executing a share exchange agreement. As per this agreement, Nitranomics issues 25,005,544 shares of its restricted stock to the share holders of Health Education. Health Education is a nutraceutical company which had recorded revenues of $3 million in the previous fiscal. The company is hoping to garner a significant share of the billions of dollars in revenue generated by the live style products. It hopes to take this message to the investing public and leverage the markets to generate enough capital and grow the company.