PARAMUS, N.J., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Inergetics, Inc. (OTCBB:NRTI), a leader in targeted product development for the Clinical Nutrition and Sports Supplement Markets, today announced that the Company has entered into a Product Development Agreement with Muscle Maker Grill, one of the country's fastest growing health-food franchises, to be the exclusive provider of "Muscle Maker Ultra Pro, powered by Inergetics," a powdered proprietary nutritional product to be used in various platforms in Muscle Maker Grill restaurants.
"Muscle Maker Ultra Pro" will be sold nationally throughout the Muscle Maker Grill chain upon Franchisee approval and is scheduled to be complete and ready for sale within 6 months. As outlined in the product development agreement, if all terms are met by both parties, Inergetics and Muscle Maker Grill will engage in a supply contract for a term of 3 years. Inergetics projects minimum revenues generated solely from its proprietary "Muscle Maker Ultra Pro" supplement to increase from $350,000 during the first year of the agreement to $507,000 during the second year and $675,000 during the third year.
Upon the successful product launch of "Muscle Maker Ultra Pro," the chain will consider featuring Surgex® products in the restaurants' nutritional supplement retail space, where it projects sales of half a million units in 2011. This will include the Surgex line extensions and additional formats such as its Ready-To-Drink product line scheduled for release in mid 2011 and would produce additional revenues to those projected for "Muscle Maker Ultra Pro."
Mark Mirken, CEO and Chairman of Inergetics stated, "As we indicated in our recent Wall Street Reporter interview, the Company now has the ability to expand and customize its proprietary formulas for specific demographic profiles. Our partnership with MMG creates both in store product sales and an additional nationwide marketing platform for our products in a rapidly expanding franchise. These locations are both highly trafficked and cater to a consumer clearly focused on enhancing their physical prowess. Here the consumer can both see and taste our great products and purchase them in the store or on either company's websites. We are very confident that this partnership will be very successful and will lead to sales of several variations of our Surgex® products throughout MMG chains nationwide.
Bob Morgan, COO of MMG, said, "We are extremely excited about being able to offer our customers a private labeled protein supplement which we have co-developed with Inergetics. In addition, we can offer the new product both in our stores and online to our highly knowledgeable and rapidly expanding customer base. This is a great opportunity for both companies and we look forward to a long term relationship with Inergetics."
About Muscle Maker Grill
Muscle Maker Grill is one of the country's fastest-growing franchises with 30 units in New Jersey, New York and Florida. Muscle Maker Grill has sold 135 units nationwide to date. It enjoys food service sales from its large menu of low-calorie, protein-packed healthful fare, as well as retail sales of protein supplements and packaged foods from retail sections within each restaurant. The chain's management seeks our restaurant sites inside or near to health clubs and fitness centers, which puts Muscle Maker in proximity to its target customer base-consumers committed to healthy lifestyles. To learn more about Muscle Maker Grill, visit www.musclemakergrill.com.
About Inergetics, Inc.
Inergetics, Inc. is a leading developer of nutritional supplements for the Clinical Health and Sports Supplement markets. The Company has established a line of Resurgex products consisting of proprietary nutritional formulas that are used by a wide range of clinical patients and consumers. Resurgex™ products provide comprehensive nutritional support for actively treated cancer patients as well as those in post-treatment care and elderly members of the assisted living community. Inergetics has also developed Surgex™ sports nutrition formula to meet the nutritional needs of professional, Olympic, and amateur elite athletes that experience post-workout symptoms such as fatigue, loss of lean muscle, oxidative stress, and reduced immune function.
Resurgex Essential™ and Resurgex Essential Plus™ are comprehensive, calorically dense formulas that meet and exceed the nutritional requirements of the assisted living community. To learn more about Inergetics, visit www.inergetics.com and visit the Surgex® product website and online store at www.surgexsports.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company and SPI set forth herein and those preceded by or that include the words ``believes,'' ``expects,'' ``given,'' ``targets,'' ``intends,'' ``anticipates, "plans,'' ``projects,'' ``forecasts'' or similar expressions, are "forward-looking statements". Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. The Company assumes no obligation to update any of the information contained or referenced in this press release