We all saw the R/S coming. Little sooner than I anticipated/hoped.Inergetics' Clinical Products To Be Featured On Lifetime Television's Women's Show, 'The Balancing Act'
PARAMUS, N.J., Dec. 30, 2010 (GLOBE NEWSWIRE) -- Inergetics, Inc. (OTCBB:NRTI), a leader in targeted product development for the Clinical Nutrition and Sports Supplement Markets, today announced that the Company's oncology nutritional product, Resurgex Select™, will be featured on Lifetime Television's premier women's morning show, The Balancing Act. Lifetime Television is the highest-rated women's television network broadcast to approximately 98 million households and 3.9 million online visitors with 93 million page views. The program is scheduled to air in the first quarter of 2011.
Additionally, Inergetics' management announces the Company's plans to execute an 80-1 reverse stock split effective January 21, 2011, pending approval from FINRA
. In the event that FINRA's approval is not forthcoming, this will extend the aforementioned date. The reverse stock split applies to all of the Company's outstanding common stock, reducing the current number of outstanding shares from approximately 2 billion shares to approximately 25 million shares.
Inergetics' Resurgex Select™ nutritional supplement will be featured on the Balancing Act episode where world-recognized Oncologist, Dr. Giannios, is scheduled to appear. He will educate viewers on how to improve their health demanding nutritional excellence from the products they purchase in dealing with the multiple health issues surrounding cancer treatment and recovery.
Inergetics has specifically formulated Resurgex Select™ as a nutritional supplement for the treatment of individuals with cancer. The product's composition has been scientifically created to both support the immune system and enhance weight gain during treatment.
Dr. Giannios stated, "The opportunity to appear in Lifetime's program 'The Balancing Act' will expose Inergetics' Resurgex Select to a broadcast and online audience that have an interest in learning about the best products for cancer nutrition."
"We are looking forward to having Inergetics, Inc. join the upcoming Health & Wellness series on 'The Balancing Act'. They will bring yet another great solution to viewers, one that will have a real impact and help them balance their lives," says Doug Campbell, Founder and Executive VP of Programming for The Balancing Act.
Commenting on the reverse stock split, Inergetics' CEO, Mark Mirken, said, "The reverse stock split is not only designed to boost Inergetics' share price but also represents an important milestone in the Company's recapitalization. We appreciate the support of our shareholders in granting our Board the authority to effect a reverse split and believe this action is required during these exciting times with the commercialization of the Company's current products and the continued development of new products."http://www.thestreet.com/story/10957...ncing-act.html