SAN ANTONIO, Dec. 19, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises (OTCBB:SWTS), maker of revolutionary diabetes-friendly beverage, GlucaSafe(tm), which supports healthy glucose levels, is in talks with two investor groups concerning the re-financing of convertible pipe notes plus working capital for the "kick-off" of its new GlucaSafe(tm) promotion beginning in January that includes a 30 second video, additional direct mailers, in-store demos, health fairs and saturation local area marketing.
New interest from these two investor groups could pay off the remaining $1.7 plus million owed to our current pipe investors whose convertibility has had a negative effect on the price of our common stock. "This financing is the only thing standing in our way to arrange the capital necessary to take GlucaSafe(tm) into a very efficient marketing campaign in the diabetic space," said William Gallagher, Sweet Success CEO. "There are only 20 million shares outstanding which would give us a market capitalization of less than $3 million. In comparison, our all natural energy beverage, Power Blend, in my estimation is worth over $2 million by itself in an outright sale. This type of transaction is certainly another alternative for raising money, since most of our concentration is now currently on the GlucaSafe(tm) line which will eventually have some additional flavors."
Product statements have not been evaluated by the FDA. The products are not intended to diagnose, treat, cure or prevent disease.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company's financial ratings, the competitive environment, the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations and changes in market conditions.
The Sweet Success Enterprises, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3428