NutraFuels (NTFU)

Soaring Revenue & Narrowing Losses -- CFN Media - Seite 2

Improving Financial Condition

NutraFuels recently announced third quarter revenue that increased 111.2% to $260,001, gross margins that increased 769% to $153,000, and a net loss that narrowed 51% to $657,000 or $0.02 per share. Management completed a series of production runs for both house and private label brands and is focused on marketing and distributing the products to customers around the world as it enters its commercialization phase.

In late-October, the company announced that it had begun production on 100,000 units for one of its private label brands, My Daily Choice, consisting of six oral spray products targeting various wellness verticals. My Daily Choice has approximately 50,000 distributors worldwide consisting of some of the most successful entrepreneurs, marketers, and consultants in the network marketing sector, making them a natural choice for distribution.

"We have made progress this quarter," said Edgar Ward, NutraFuels's CEO. "We are strategically executing our game plan, and we are seeing a positive reaction to the launch of our in house brands along with increased production demand from our private label business. As we move forward with additional new innovative formulas and products we remain focused on producing and distributing high quality daily health and wellness products to help improve the quality of life through naturally derived efficient and effective supplementation."

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