Red Reef Laboratories and MyoTrend Nutritional Tech Go Global
In the last 5 days Red Reef Laboratories, a feature company on our Real Stock Discoveries site has made two major announcements regarding their new subsidiary, MyoTrend Nutritional Technologies. On Friday, RRLB announced that MyoTrend had entered into a distribution agreement with Corporación FOMOGLO S.A. to distribute MyoTrend products in Costa Rica. Their initial target is the 1000 health and fitness clubs located throughout the country. According to our research, FOMOGLO S.A. is a well established importer of natural products into Costa Rica. 1-costaricalink.com, “The #1 Costa Rica Information, Business, Hotel, Vacation and Travel Web-Site”, has FOMOGLO listed as one of only two sources of vitamins, minerals and nutrients in the country.
MyoTrend’s initial target is to generate $1 million annually from the FOMOGLO agreement. On the heels of this significant announcement, the company just this morning announced today that it has entered into an exclusive distribution agreement with Europe’s leader in Sports Nutrition, NutriWorld Group B.V. (www.nutriworld.nl). With active distribution outlets in 36 countries, MyoTrend has made it very clear, they have global aspirations and they are committed to making their products available to health and fitness consumers world wide.
The fact that FOMOGLO has chosen MyoTrend Products as their only fitness oriented product and that NutriWorld Group has chosen to add MyoTrend products to their existing list of quality items speaks volumes for the quality fo the products being produced by MyoTrend Nutritional Technologies.
NutriWorld Group’s enthusiasm for the MyoTrend products, NutriWorld has invited MNT to participate as one of only ten vendors under the NutriWorld banner in the upcoming 2009 FIBO show. FIBO is Europe’s leading International Trade Show for Fitness, Wellness and Health. In all, over 480 companies will be exhibiting and well over fifty thousand visitors are expected to attend. In 2008, there were 47,300 attendees at the show and the average spent per attendee was over 200,000 Euros. Looking at the NutriWorld website, they have a very long list of products to chose from and we are impressed that MyoTrend’s line of state of the art nutritional supplements were chosen to be highlighted at FIBO.
There seems to be little doubt that the convergence of talents between Red Reef Laboratories and MyoTrend Nutritional Technologies was just what both these companies needed. In less than a week, these two sleeping giants have gone taken their place on the national economic stage in bold fashion. We look forward to upcoming announcements as initial orders from these two new relationships begin to bare fruit.
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