Rick Kundrat, CEO for NuVim, Inc. (Pink Sheets: NUVM) called into SmallCapvoice.com to discuss how NuVim® is a one of a kind beverage. NuVim® contains lactose free whey protein, a prebiotic fiber based on extensive research and development that spanned over 30 years, and essential minerals and vitamins. NuVim® helps maintain a strong immune system, increase vitamin and mineral absorption, especially calcium for bone and muscle health, and improves digestion. With only 45 calories per 8 ounce serving and its nutritional values, NuVim® could be considered the “Best Thing You Can Drink.” After drinking NuVim® for 30 days, NuVim® guarantees you will “Feel the Difference.” NuVim® has no high fructose corn syrup, no lactose, no cholesterol, no fat, no artificial flavors or colors, and no caffeine. The powder mixes in Chocolate, Vanilla, and Strawberry flavors can only be purchased on line. To learn more about NuVim® visit www.nuvim.com or call toll free 877-850-8777.
NUVIM BUSINESS UPDATE
August 24, 2010
Progress underway on NuVim’s revitalization
The initial steps of revitalization for NuVim have produced excellent results. During the past month, actions have resulted in significantly improving NuVim’s balance sheet, with reduction of total debt by $1.9 million. With pending investment within the next 30 days, additional debt reduction of $500,000 – $700,000 is forecast by NuVim management.
Operating costs are being carefully controlled at prior year’s level. For the 6 months ended June 30, 2010, NuVim’s operating loss was approximately $11,700.
Significant progress in sales & marketing planning has been made. A 3-year agreement with Cross Legion Marketing has been concluded, with guaranteed annual minimum sales of $250,000. Cross Legion Marketing is highly regarded and has won many awards for its marketing and communications programs through internet sales and social networking that have produced excellent results.
In addition to NuVim’s original healthy beverage business, the Company is expanding its product line to include teas and lemonade and a line of drinkable yogurt products. NuVim distributes healthy beverages with real nutrition value to commissaries and has developed excellent contacts for potential business with the Department of Defense. Other pending sales agreements are with distribution groups operating in Southeast Asia and Europe.
NuVim has a total of 75,636,436 common shares outstanding, with freely traded shares in the public float of 46,810,241. At the recent price of $0.03 per share, NuVim’s market cap is approximately $2.25 million.
To learn more about NuVim, visit: www.nuvim.com or call toll free 877-850-8777.