NEWARK, N.J., Oct. 1, 2013 /PRNewswire/ -- Inergetics, Inc. (NRTI), a leading developer of nutritional supplements, announces that revenue for the quarter ended September 30, 2013 totaled approximately $1.6 million, an increase of more than 17,000% versus prior year. In addition, revenue for the nine months ended September 30, 2013 totaled approximately $1.7 million, an increase in an excess of 5,000% as compared to prior year. This revenue growth is primarily attributed to the success of Martha Stewart™ Essentials - a complete line of woman's whole-food-based supplements.
Distribution during the quarter expanded to over 8,000 stores nationwide. Inergetics will continue to implement distribution expansion of all products during the fourth quarter of 2013 with plans for more expansion in 2014 and beyond. "We are pleased with the overwhelmingly positive reception of Martha Stewart Essentials into Food, Drug, Mass and online e-tailers. Inergetics' aggressive efforts to drive distribution and product turns across all of our brands are resulting in significant company performance. We look forward to the continued acceptance of our brands as we aim to provide the highest quality products to the growing needs of consumers looking to live healthier and better lives," Michael James, CEO stated.
About Inergetics, Inc.
Inergetics' 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.
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 Statement
This 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.
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