IRVINE, Calif., June 23, 1999 (PRIMEZONE) -- Naturade, Inc. (OTC BB: NRDC) recently announced it has extended its Class B Warrants through, to and until the close of business on December 31, 1999 from their current expiration date of June 30, 1999. There are approximately 325,000 Class B Warrants outstanding at an exercise price of $3.00 per warrant. Other than the extension of the deadline, the terms of the Class B warrants remain unchanged.
Naturade, Inc., founded in 1926, is a leading provider of low carbohydrate, high protein powders in the United States, with eight of the top selling ten brands, including the N-R-G(TM) brand, the nation's number one selling protein powder. In addition to protein powders, the company also distributes Kids' Plex(TM) nutritional powders and nutritional bars for children, The Chinese Way(TM) herbal remedies, and a complete line of high concentrate Aloe-Vera based skincare products using a base of a minimum 80 percent aloe vera extract.
NOTE:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the Company) and are subject to change based upon various factors. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. For a more detailed discussion of some of the ongoing risks and uncertainties of the Company's business, see the Company's filings with the Securities and Exchange Commission.