NEWARK, N.J., April 9, 2013 /PRNewswire/ -- Inergetics (OTCBB:NRTI), makers of Surgex® Sports Nutrition, SlimTrim™ and Bikini Ready® brands, announces the corporation's relocation from Paramus, NJ to its new headquarters at 550 Broad Street, Newark, NJ in the heart of Newark's "Innovation Zone."
"Newark's resurgence in recent years, its proximity to Manhattan and the new found energy driven by Mayor Cory Booker and Governor Chris Christie makes the city a great place for us," states Mike James, CEO. "Our unprecedented growth, anticipated growing needs and financial benefits of being in the Innovation Zone made it easy for us to move here," further states James.
Inergetics plans on hiring more personnel as they fill key roles to support the success of the company's initiatives. "It is refreshing to realize the kind of success we have experienced in such a short time and we look forward to contributing and working in this great city," says Mike James. "Our employees are excited about the move to an iconic building in Newark. The new vibrant space at 550 Broad Street will help inspire and motivate our team," adds Jim Kras, CMO.
Inergetics recently completed the transfer of a $2.2 million New Jersey State Tax Loss Carry Forward Benefit with the NJEDA. In addition to launching three new brands including 15 new SKU's this year - Inergetics plans to apply for another $3.5 million remaining in June 2013 with the NJEDA. Proceeds from this incentive would add to the current business momentum, being used primarily as a reinvestment to add infrastructure to Inergetics' business in Newark.
For more information contact Inergetics at 908-604-2500.
About Inergetics, Inc.
Inergetics, Inc. is a leading developer of nutraceuticals and nutritional supplements for the Clinical Health, Sports Supplement and Mass Markets. Inergetics product portfolio features Surgex® Sports Nutrition, the preferred sports nutrition 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.surgexsports.com, www.surgexsportsblitz.com, www.slimtrim1.com, www.slimtrim.net, www.bikinireadylifestyle.com, www.kahunasands.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 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.
Contact: Mike James 908-604-2500 ext 210
SOURCE Inergetics, Inc.