NXT Nutritionals Announces Termination of SEC Reporting and Voluntary Delisting
16 May 2012 - 7:10AM
Business Wire
NXT Nutritionals Holdings, Inc. (“Company”) (OTCBB: NXTH)
developer and marketer of SUSTA™ Natural Sweetener, the great
tasting, all-natural, healthy sweetener, and Healthy Dairy® non-fat
yogurt smoothies that are sweetened with SUSTA, announced today
that it plans to file a Form 15 (Notification of Removal from
Listing) with the Securities and Exchange Commission (“SEC”) to
voluntarily delist its common stock from the OTC Bulletin Board
(“OTCBB”). The Company’s filing obligations, which include the Form
10K, For 10Q and Form 8K are suspended as of the filing of the Form
15.
Commenting on this announcement, Michael McCarthy, President and
Chief Executive Officer of the Company said: “The Company’s
decision to delist and suspend reporting obligations was made after
careful consideration of the advantages and disadvantages of being
listed on the OTCBB and the increasing expense of complying with
the many SEC laws and regulations. The benefits of being listed on
the OTCBB no longer outweigh the significant legal, accounting and
administrative costs associated with maintaining a listing on the
OTCBB, including those created by the Sarbanes-Oxley Act. The
Company will continue to remain operating and concentrate its
efforts on rebuilding its business model to increase revenues and
to grow organically.”
The Company expects that its common stock will continue to be
quoted on the Pink Sheets, a centralized quotation service that
collects and publishes market maker quotes for securities.
About NXT Nutritionals Holdings, Inc.
Headquartered in Springfield, M.A., NXT Nutritionals Holdings,
Inc., through its wholly owned subsidiary NXT Nutritionals, Inc.,
is a developer and marketer of a proprietary, patent-pending,
all–natural, healthy sweetener sold under the brand name SUSTA™ and
other food and beverage products. SUSTA™ Natural Sweetener, sold as
a stand-alone product and the common ingredient for all of the
Company’s products, is an all-natural, healthy sweetener that has
minimal calories and low glycemic index. NXT Nutritionals has also
developed a line of SUSTA™-enhanced non-fat reduced-calorie yogurt
smoothies that are marketed as Healthy Dairy® Yogurt Smoothies. For
additional information, please visit NXT Nutritionals’ corporate
website: www.nxtnutritionals.com
Forward-Looking Statements
The statements in the press release that relate to the Company’s
expectations with regard to the future impact on the Company’s
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are subject to risks and
uncertainties. Words such as “expects”, “intends”, “plans”, “may”,
“could”, “should”, “anticipates”, “likely”, “believes” and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Readers are urged not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release. We assume no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release. Additional information on
risks and other factors that may affect the business and financial
results of NXT Nutritionals Holdings, Inc. can be found in the
filings of NXT Nutritionals Holdings, Inc. with the U.S. Securities
and Exchange Commission.
NXT Nutritionals (CE) (USOTC:NXTH)
Historical Stock Chart
From Feb 2025 to Mar 2025
NXT Nutritionals (CE) (USOTC:NXTH)
Historical Stock Chart
From Mar 2024 to Mar 2025