DRAPER, Utah, Sept. 25, 2013 /PRNewswire/ -- Nutranomics, Inc. (OTCBB: NNRX) (OTCQB: NNRX) ("Nutranomics" or the "Company") is pleased to announce that the Company has scheduled a meeting with UNO ("Unlimited Network of Opportunities"), the largest multi-level marketing (MLM) company in the Philippines. This meeting is part of the Company's current re-energized expansion into the high-growth rate Asian market which has already included the appointment of new Vice-President of Asian sales, Mr. Amar Chandnani.On the agenda for the high-level meeting will be UNO's request for Nutranomics to develop six new products exclusively for their distributors in the Philippines. This marks a substantially advanced milestone for Nutranomics as it signals that its business strategy and expansion plans are proceeding more rapidly than initially forecasted.
"UNO has over 300,000 individual distributors in the Philippines and if we are able to finalize a new product agreement with them, we expect royalties from these new products to exceed $2.5 million dollars in 2014, potentially significantly higher," commented Dr. Tracy Gibbs, CEO of Nutranomics.
"We have always set a very high standard for ourselves, our products, and our partners, nevertheless a comprehensive new product distribution agreement with a company of UNO's sales capabilities at this stage of our Asian expansion would surpass even our most positive expectations. We look forward to developing a long relationship with UNO and their family of distributors."
