As Part of Our Corporate Update Two NuVim Part Time Employees Convert All Past Due Salaries
15 June 2011 - 10:00PM
Marketwired
NuVim, Inc. (PINKSHEETS: NUVM), a leading provider of nutritional
refrigerated and shelf stable ready to drink beverages and powder
mixes, announced today that two of NuVim's part time employees who
have been working with the company for the last 10 years have
agreed to convert their combined accrued past due invoices to
stock. The invoices range from current to over 90 days. They agreed
to convert to restricted stock at $0.05. The amount to be converted
is $48,619 which will also improve the balance sheet in the second
quarter. Each of the team members have said that "We believe in the
future of the company and therefore agreed to the higher than
market price conversion." CEO Rick Kundrat said, "It is gratifying
that these individuals who have helped the company through some
very difficult times can see the potential of where this company
could be as it changes the business model. We announced that we are
current with the OTC Markets filings and that the new
Wellness/Weight Control is in final stage of formulation and that
we are again shipping to Wal-Mart Supercenters in the Florida
market. We have a lot of work ahead of us before we can say we have
a strong future, but the progress is encouraging."
NuVim announced previously the work that is being done on their
new all natural Wellness/Weight Control powder mix powder line with
the team of medical professionals that have assisted in the product
development. The new products will have application to the general
population where we believe it will be well received by all age
groups, people of all ethnic backgrounds and both male and female.
The new product positioning will be Feel Your Best Everyday.
The reasons to believe the NuVim promise is that NuVim
contributes to increase mineral and vitamin absorption to help
improve overall nutrition and curb between meal hunger. NuVim
promotes a strong immune system to help reduce E-coli, Fungi and
salmonella bacteria. It assists in muscle and bone health through
calcium and magnesium absorption to encourage more play and work
activity, increases vitality and the recovery after strenuous
exercise and aids in consistent digestion to help decrease fat
absorption. Counting calories, daily activity and all of these
NuVim benefits play a role in how you look and feel.
About NuVim: NuVim® also markets ready to
drink 64 ounce beverages that are sold in the Florida market
Wal-Mart supercenters. Based on an extensive research and
development project that spanned over 30 years, the ready to drink
products help maintain a strong immune system, increase mineral,
vitamin, micronutrient and calcium absorption and improve
consistent digestion with its exclusive ingredient NutraFlora®, a
clinically proven natural prebiotic fiber. NuVim® also contains a
level of whey protein concentrate that is known to help muscle
flexibility, promote sturdy joints, and improve athletic
performance. NuVim®
has no high fructose corn syrup, no lactose, no
cholesterol, no fat, no artificial flavors, and no
caffeine.
With only 45 calories per 8 ounce serving in the refrigerated
products and less than 5 calories in the new Wellness, Weight
Control powder mix and its nutritional values, NuVim® could be
considered the "Best Thing You Can Drink." After drinking NuVim®
for 30 days, NuVim® guarantees you will "Feel the Difference."
To learn more about NuVim® visit www.nuvim.com or call toll free
877-850-8777
NuVim 877-850-8777
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