OTTAWA—Sports and nutritional product manufacturer Natural Nutrition Inc. (OTBB:NNTN) reported its primary operating subsidiary, InterACTIVE Nutrition Inc., posted a record 29-percent increase in 2007 revenues, compared to fiscal 2006. Revenues for fiscal 2007 reached $17.5 million (CDN), while 2006 revenues were $13.6 million (CDN).
"We are extremely proud of the record breaking results for the InterACTIVE Nutrition team since we took over operations in May, 2007," remarked Tim Connolly, CEO of Natural Nutrition (NaturalNutritionInc.com). "With the new products we have already introduced and several new products planned for the new year, we believe 2008 will show even greater increases and earnings for our shareholders."
Natural Nutrition also announced a forward split of its common stock, whereby each shareholder was expected to receive one additional share of common stock for every four shares owned as of Feb. 8, 2008; any fractional shares were to be rounded up to the next share for all NNTN shareholders.
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