NutraFuels Expands Capacity & Adds New Talent
January 26th, 2017
News, Top Story
The nutraceutical industry is expected to grow at a 7.3% CAGR to reach $278 billion by 2021, according to Transparency Market Research, driven by increasing consumer spending on functional foods and beverages. The success of companies like Nutraceutical International Corp. (NASDAQ: NUTR) – which is trading over 50% higher over the past 52-weeks, demonstrates how these trends have impacted the financial markets.
In this article, we will take a look at NutraFuels Corp. (OTC Pink: NTFU) and how its innovative delivery mechanisms and ambitious growth plans could fuel near-term value creation.
Ambitious Growth Plans
NutraFuels recently announced the expansion of its manufacturing capabilities to produce nutrient-rich, nicotine-free, daily health and wellness liquid vape products. The portable electronic vaporizer (e-vape) technology enhances absorption and increases the bioavailability of nutrients compared to other delivery methods. Management plans to launch energy, focus, sleep, anti-stress, pain relief, and weight management e-vapes this quarter.
“We are pleased to announce the expansion of our manufacturing capabilities and include yet another line of health and wellness products that are an efficient and effective way to deliver nutrients into the human body,” said President and CEO Edgar Ward in a recent press release.
The new e-vape products add to the company’s already-expansive product lines including its innovative NutraSpray and upcoming Nutra ProShots. In addition to these in-house brands, the company also provides co-branded products through My Daily Choice, Hempgenix, NutraXT, and Journey Health. Management anticipates several other agreements over the near-term as it further expands into the hemp-based cannabidiol (CBD) market.
Expanded Advisory Board
NutraFuels recently announced that Mr. Daniel Slane of The Slane Company LLC has agreed to spearhead and advise on various expansion opportunities in Europe, Asia, India, and Africa. With 40 years of international business experience, Mr. Slane is uniquely qualified to develop new international distribution channels for its nutraceutical products. He is currently serving his ninth year as a Commissioner with the U.S.-China Economic Security Review Commission.
“We are pleased to appoint Mr. Slane to our advisory board, his wealth of knowledge, resources, and expertise in international business will serve our company well as we expand globally,” said Mr. Ward in the press release announcing the addition to the advisory board.
Mr. Slane will join an exceptional management team and board of directors that includes experts from all areas of industry. CEO Edgar Ward has been a certified personal trainer and nutritionist with 23 years of experience; EVP Neil Catania has 33 years of institutional trading experience; Marketing Director Ed Sullivan has launched a number of new consumer products; and, Business Development Director Bill Bradham has 20 years of experience as an advisor.
NutraFuels Corp. (OTC Pink: NTFU) is well-positioned to capitalize on the $200+ billion nutraceutical industry with its innovative delivery mechanisms, ambitious growth plans, and talented leadership at the helm. With a market capitalization of just $50 million, investors may want to take a closer look at the stock over the coming quarters as it continues to execute on its business plan and unlock long-term value for shareholders.
For more information, visit the company’s website at www.nutrafuels.com.
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