Inergetics Enters into Strategic Partnership with Terra Tech Corporation to Develop a New Line of Hemp Oil-Based Nutritional Supplements
NEWARK, N.J., Feb. 4, 2014 /PRNewswire/ -- Inergetics, Inc. (OTCBB: NRTI), a leading developer of nutritional supplements, today announced it has entered into a strategic partnership with Terra Tech Corp (OTCBB: TRTC), a fast-growing urban agricultural company, to jointly develop a line of natural Cannibidiol based nutritional supplements.
The strategic partnership will combine Inergetics' proven expertise in successfully developing and marketing innovative nutritional supplements that help consumers lead better and healthier lives with Terra Tech Corp's agricultural expertise and established distribution network of dispensaries in medical cannabis markets.
The featured active ingredient in this new product line will be Cannibidiol (CBD), a non-psychoactive component of cannabis that possesses a wide range of therapeutic benefits. The supplements will be initially marketed to consumers of medical cannabis in legally approved markets who suffer from nausea and/or illnesses such as glaucoma, and who can benefit from CBD's pain management and other therapeutic properties. To date, 20 states and the District of Columbia have enacted laws to legalize medical marijuana.
"We're pleased to be entering into this strategic partnership with Terra Tech and we look forward to developing a unique supplement line to help patients manage their pain," said Inergetics CEO Mike James. "This partnership will help Inergetics expand our product line into pain management supplements for consumers who are looking to address these symptoms while improving their quality of life."
"Inergetics has formulated and distributed major brands nationwide and their products have been endorsed by both athletes and celebrities giving us the confidence that we have selected a top tier development partner," said Terra Tech CEO Derek Peterson. "This partnership will allow both Terra Tech and Inergetics to reach a growing number of patients who turn to natural supplements to help manage pain, nausea and other debilitative symptoms."
Consumers that are utilizing compounds extracted from plants for medicinal purposes are beginning to demand a higher caliber of product. Inergetics manufacturing standards, quality controls and extraction methods are second to none. Relying on their core strengths, the company plans to introduce a medical grade quality product to consumers throughout states with current medical cannabis laws in the near future.
About Inergetics, Inc.
Inergetics' portfolio of brands includes: Martha Stewart™ Essentials, a complete line of whole-food based supplements created specifically for women; Surgex® Sports Nutrition, the preferred nutritional supplement of Army Sports; Bikini Ready®, a leader in weight loss lifestyle solutions; and SlimTrim™, the affordable, premium value diet brand.
To learn more about Inergetics, visit www.inergetics.com, and the Inergetics brands' websites at: www.marthastewartessentials.com, www.surgexsports.com, www.surgexsportsblitz.com, www.slimtrim1.com, www.slimtrim.net, www.bikinireadylifestyle.com, www.kahunasands.com.
About Terra Tech Corp.
Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Food Emporium and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
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 of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of Inergetics 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 Inergetics' 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 Inergetics' future results to differ materially from those anticipated. Inergetics assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE Inergetics, Inc.