HOLBROOK, N.Y., Oct. 24, 2012 /PRNewswire/ -- Northstar Global Business Services, Inc. (PINK SHEETS: MDIN) announced today that the company has taken a huge leap forward in re-introducing its nationally recognized products into traditional & online retail by 2013.
The announcement comes after a long period of silence, but CEO Nick Chieco has been a busy man, pounding the doors of "big retail" to re-establish the company's distribution, putting its products on shelves in Walmart© , Walgreens©, and others. Sales goals for 2013 are already above 5 million units.
"We are thrilled to be done lining up our distribution channels. We are now expanding on that by adding other huge retail outlets to our list like the Military Exchanges," explained Chieco, who also stated, "The process is extensive, and time consuming, but we're doing it."
Now that the company has its distribution laid out, Mr. Chieco wants to assure all shareholders that this growth is being funded organically and without dilution. "I know the current authorized shares is scary, and I promise that there will be NO dilution in 2013," he said, also stating that he did plan to reduce the authorized shares as part of the next phase of his plan. "Shareholders can also expect a lot of press." Said Chieco in closing, "We are determined to exceed all goals and keep shareholders in the know."
Northstar Global Business Services produces alternative healthcare products that use a patented spray delivery system, and have sold million of units from 1996 to the present.
Contact Northstar at IR@northstarbb.com
SOURCE Northstar Global Business Services, Inc.