COCONUT CREEK, FL--(Marketwired - January 17, 2018) - NutraFuels Inc. ("NutraFuels" or "NTFU"), (OTC PINK: NTFU), today announced the following corporate update.
As previously reported NutraFuels achieved record revenue for the 9 months ended September 30th 2017 of $1,030,000.00. Revenue for the quarter ending December 31st 2017 totaled approximately $600,000 ending the fiscal 2017-year with approximately $1,630,00.00 compared to the fiscal 2016-year end of $225,000.00, an increase of approximately 624%.
New Business Development
Edgar Ward, CEO, states order flow is continuing at a very strong rate from both existing customers along with new orders from newly developed customer accounts. NTFU has recently secured multiple customer accounts and is in the process of creating a number of new products utilizing the company's proprietary formulas packaged with the company's unique and novel patented delivery systems to produce efficient and effective over the counter (OTC) nutraceutical products.
New High-Tech Manufacturing Facility
As previously announced the company secured an additional facility at the newly constructed Deerfield Beach Technology Park located in Deerfield Beach, Florida. The 20,000 square foot facility will accommodate high speed manufacturing of the company's products using unique and novel advanced patented delivery systems. The facility fully equipped will allow the company to produce more than 2 million units daily totaling net annual revenue of more than $300 million dollars. Construction will begin in the coming weeks.
CEO Edgar Ward states, "We are very excited about the future of NutraFuels. The market for our products is exploding and we are working to become a leader in our industry."
About NutraFuels, Inc.
NTFU was founded in 2010, to manufacture, distribute and market a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. Oral spray delivery systems are recognized by many as an effective methodology for delivery of pharmaceutical and nutraceutical products. Oral spray delivery is recognized by consumers for its convenience, dosage precision and timely assimilation into the body. NTFU's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. NTFU's products are sprayed into the mouth in the form of a fine mist entering the delicate tissue of the mouth. The nutrients are delivered into the bloodstream and assimilated throughout the body more quickly than traditional methods, avoiding the solubility and absorption problems common with most ingested vitamins and nutritional supplements in pill or capsule form. For more information please visit our corporate website.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of NutraFuels, Inc. statements relating to goals, plans and projections regarding the NutraFuels' financial position and business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think", "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. NutraFuels cautions readers not to place undue reliance on such statements. NutraFuels does not undertake, and NutraFuels specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from NutraFuels' expectations and estimates.