SPARKS, Nev., Aug. 10, 2004 (PRIMEZONE) -- NT Holding Corp. (OTCBB:NTHH), a publicly traded holding company, is pleased to announce that its subsidiary, PNC LABS, INC. has entered into a sales and distribution agreement with a nutraceutical company.
NT Holding Corp. President Alan Lew said, "We look forward to PNC LABS being our sales generating arm in the nutraceutical arena." He further stated that "PNC LABS will have the opportunity to market dozens of products in the very near future." This is important as we start implementation of our business plan of generating revenues and profits while evaluating other mergers and acquisitions.
About PNC LABS
PNC LABS, INC., a subsidiary of NT Holding Corp., is a nutritional supplements company serving the preventive and alternative healthcare segments. PNC will look to expand through acquisitions and also with an organic growth strategy. The company is selectively evaluating niche companies in order to provide quality nutraceuticals to consumers. The company further plans to be fully integrated in manufacturing, distribution and marketing. The company says it is in discussions with several acquisition candidates. PNC LABS is targeting companies with less than $5 million in annual sales.
About the Nutritional Food/Dietary/Supplements Nutraceutical Markets
Food may be nutritionally enhanced with nutrients, vitamins, or herbal supplements. The most common supplements are calcium, Vitamins E, A, and C and the herbs gingko, ginseng, echinacea, and St. John's wort. As consumers continue to look for ways to enhance health and well being, manufacturers continue to respond with products enhanced with supplements, including beverages, rice, frozen desserts, snacks, and many others. As well, efficacious agents have been developed from natural ingredients and have been named, nutraceuticals.
This wide category thus includes compounds and colloids, dietary supplements, medicinal herbs and functional foods.
Independent research has estimated that more than 100 million Americans are consuming nutritional supplements at record rates. Estimates of the size of this segment vary, depending largely upon precise definitions. Nutrition Business Journal has estimated the U.S. nutrition industry to be approximately $58 billion. Worldwide demand for nutraceutical chemicals is forecast to increase 6.1 percent annually to US$9.6 billion in 2008.
About NT Holding Corp.
NT Holding Corp., NT standing for "new technologies", is a publicly traded holding company looking to merge with or acquire operating business entities through a variety of business combinations. NT will function as an advocate and accelerator for entrepreneurs and scientists, creating a network of people and companies working together to help support and develop new initiatives. These can be in the form of new or emerging growth companies, or new directions, projects, or products within existing structures.
The preceding statements that are not historical facts are based on the Company's current expectations and are subject to the caveat for safe harbor statements appearing below.
Safe Harbor Statements Caveat
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw material, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.