SALT LAKE CITY, Jan. 25, 2011 (GLOBE NEWSWIRE) -- Sport Endurance, Inc (OTCBB:SENZ), a health supplement company;
The new Management and Board Members have met and concluded that after serious re-evaluation through analysts reports that the company Sport Endurance (OTCBB:SENZ) is in severe jeopardy of future sustainability. The report cites extremely poor management by its previous officers. It also cited inept strategic business marketing and performance in the market, accumulated net losses, diminished stock, severe fluctuation and losses as reasons contributing to Sport Endurance's poor performance overall.
After great anticipation, the new officers of Sport Endurance (OTCBB:SENZ) had planned for a resurgence for the company, said Gerald Ricks, newly appointed CEO, but unfortunately the above mentioned issues and ongoing problems have almost negated the future plans as to whether the company can even make a sustainable recovery at all. The review written by Violeta Slavtchevska with hotstocked.com dated: August 13, 2010 seem to have hit the nail on the head regarding many of the past issues as well as the foreseeable future, said Mr. Ricks; however we are still hopeful, but are very realistic as to whether the company can survive at this point.
Safe Harbor Disclaimer
This material includes forward-looking statements based on management's Current reasonable business expectations. In this document, the words "can," "anticipates," "believes" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future.