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Press Release

Inergetics: 2013 Full Year Earnings Announcement

INERGETICS INC.
Posted on: 31 Mar 14
Inergetics continues to drive growth in revenue gross profits and gross margin through the expanded distribution of brands nationwide and internationally

PR Newswire

NEWARK N.J. March 31 2014

NEWARK N.J. March 31 2014 /PRNewswire/ -- Inergetics Inc. (OTCBB: NRTI) a leading developer of nutritional supplements today filed its Form 10-K for the full year ending December 31 2013.

  • Total revenues generated from the sale of Martha Stewart™ Essentials Surgex® Bikini Ready® and SlimTrim™ for the year totaled $847834 an increase of $755961 or 823% compared to $91873 for the year ended December 31 2012.
  • Gross profits for the year amounted to $244830 an increase of $239282 or 4315% compared to $5546 for the year ended December 31 2012. Over the same period the gross margin improved from 6% to 29%.
  • At this stage in Inergetics' development revenues are not yet sufficient to cover ongoing operating expenses. After deducting for research and development marketing and general and administrative expenses an operating loss of $6290933 was realized.
  • The net result for the year was a loss of $5748092 or $0.10 per share compared to a loss of $5451612 or $0.15 per share for the prior year.
  • Operating expenses are expected to significantly decrease as a percentage of revenues as revenues increase given that most expenses are fixed or quasi-fixed in character.

"2013 was a year of significant executional progress for Inergetics as we continued to implement our business strategy.We forged important valuable partnership and distribution agreements and brought a number of innovative brands and products to market" said Mike James CEO. "The nutritional supplement market is expected to increase in excess of $32 billion through 2014 – and we are focused on capturing this opportunity and continuing to develop new proprietary products targeting an ever broader range of increasingly specific conditions."

Focus on Product Development and InnovationIn May 2013 Inergetics entered into a 5-year partnership agreement with Martha Stewart Living Omnimedia. The roll out of Martha Stewart™ Essentials has been well received by consumers since its launch late last year and continues to perform strongly across the retail network.

Additionally through 2013 Inergetics announced:

  • Acquisitions of Bikini Ready® and SlimTrim™ in January 2013
  • The re-launch of Surgex® in the first quarter of 2013 including the naming of two top NFL rookies -- San Diego Chargers' NFL Offensive Rookie of the Year by the Professional Football Writers of America wide receiver Keenan Allen and Washington Redskins' cornerback David Amerson-- as Surgex Sports Nutrition spokespeople
  • The launch of Intrinsix™ in December 2013 a podiatry-exclusive clinical supplement to address nerve-health symptoms associated with diabetes

Early progress in 2014

  • A strategic partnership with Terra Tech Corp (OTCBB: TRTC) a fast-growing urban agricultural company to jointly develop a line of natural cannabidiol (CBD)-based nutritional supplements. The supplements are expected to be distributed via medicinal marijuana dispensaries
  • An exclusive private label version of Surgex protein shake ("42") for Muscle Maker Grill– one of the fastest growing health food franchises in the U.S.
  • The launch of a national advertising campaign for Bikini Ready featuring professional surfer and Sports Illustrated model Anastasia Ashley

Enhanced distribution Inergetics secured major distribution agreements with outlets including: Amazon Bi-Lo C&S Wholesale Cardinal Health CVS.com Drug Emporium drugstore.com Grocery OutletHarris Teeter Hy-Vee iHerb.com Ingles Kinray Pharmacy Lucky VitaminMeijer Navarro Discount Pharmacy Price Chopper PriceSmart Swanson Health Products Wakefern/Shop Rite Walgreens Winn-Dixie and Vitacost.com.Products are now available to consumers in more than 14000 retail stores and online.

Products are currently available in the United States and internationally through PriceSmart membership warehouse clubs in Central America and the Caribbean.Efforts are underway to further increase distribution in developed and emerging markets in order to reach consumers throughout the world.

Inergetics is also present in the direct to consumer channel through its websites - marthastewartessentials.com surgexsports.com bikinireadylifestyle.com and slimtrim1.com.

Looking ahead"Inergetics is well-positioned to continue to execute against our growth strategy by increasing distribution and sell-through of our existing products while bringing innovative new nutraceutical formulations to current and emerging markets" Mr. James added.

About Inergetics Inc.Inergetics' (OTCBB: NRTI) 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. The company's strategic partnership with Terra Tech Corp. (OTCBB: TRTC) also continues to provide innovation by bringing quality of life and complementary medicinal solutions to the mainstream.

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.

Safe Harbor StatementThis 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.

SOURCEInergetics Inc.

PR Newswire
http://www.prnewswire.com/

Last updated on: 31/03/2014

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