Stock News Play ~FITX
Good Morning Traders, FITX is our stock in play today! Since we last mentioned FITX they have been very busy with the acquisitions of Chesapeake Nutraceuticals, SDN (Science Defined Nutrition), SCD Enterprises, Innovative Fulfillment Corp., SciFit, Natures Science and For Store Only brands.
We also have news this morning: Creative Edge Nutrition, Inc. Secures $2.0 Million Financing Contract
MADISON HEIGHTS, Mich., Dec. 12, 2012 /PRNewswire/ – Creative Edge Nutrition, Inc. ( FITX ), a nutritional supplement company focusing on active lifestyles, announces its financing contract with Ashford Finance LLC based in New York, NY. Under the terms of the contract, Ashford Finance will provide an initial revolving Line of Credit of $2 million dollars in purchase order financing, and provide additional financing for accounts receivable and transactional working capital. The Lines of Credit will allow Creative Edge to immediately increase its efficiency in processing purchase orders from its qualified distributors. Creative Edge has secured initial purchase orders for its Cenergy and SDN brand products in excess of $780,000 USD, with additional purchase order pipeline of $2.4 million dollars, from its approved distributors. Ashford Finance has approved the initial purchase orders, and is able to provide scalable financing to meet Creative Edge needs, which will strategically position the Company for rapid expanded distribution and exponential growth.
Bill Chaaban, CEO, states, “Ashford Finance is an international finance company that will underwrite our qualified distributors in the U.S. and Canada, and will work with some of the larger distributors in Australia and Europe. They are a seasoned finance company, and have the ability to increase our Lines Of Credit based on volume orders, which will equip us for rapid penetration and exponential growth, through our distribution network of over thirty companies. Additionally, Ashford will assist us in inspection services and invoicing, with its great reputation with industry manufacturers and distributors. We look forward to a mutually rewarding and profitable financing partnership.”
Noushir Hasan, Ashford Finance CEO, states, “Ashford Finance brings a global team and partners that deliver excellence and professionalism, and we will work with Creative Edge Nutrition, Inc. to take care of all their purchase order financing needs, from their smaller approved buyers, to a few of the industry’s largest nationwide retailers. They present great products in a growing nutritional supplement marketplace, and we will provide scalable financing options to service to their distributors and customers.”
http://finance.yahoo.com/news/creative-edge-n...00795.html
In the past few months FITX has made the following acquisitions.
SDN (Science Defined Nutrition): a cutting edge supplement company with hardcore products that give hardcore results! These products are all natural and are being currently used by professional athletes, college and high school athletes; in addition to weekend warriors. They are not your typical supplements. SDN has distribution with Body Temple UK, Muscle Finesse UK, Fitnessone.com for Canada, Europa Sports Products, Lone Star Distribution, to name a few. www.sciencedefinednutrition.com
SCD Enterprises: Owns and operates 4 internet sites, a direct mail company and a fulfillment company. 4 high traffic E-commerce sites and a past proven successful direct mail company. With these acquisitions, we had the pleasure of having Fred Auzzenne join our company. Fred is a successful entrepreneur who took a prior nutrition company from $8 million in sales to $ 27 million in sales which was ultimately sold to a publicly traded company. Fred brings a wealth of business acumen and is available to our board for advice at a moment’s notice.
SciFit, Natures Science and For Store Only brands were acquired and will be a revamped to modernize the line. These brands have established distribution in 20 countries and have been sold by bodybuilding.com, Complete Supplements, I-Supplements, Muscle Master, Pro Source, SB MUSCLE, Netrition, Vitamin Shoppe, Tigerfitness, Supplement Central, World Class Nutrition, Extreme Forces USA, A1 SUPPLEMENTS, JUST ADD MUSCLE, Supplement Warehouse, TSN NUTRITION, VITA SPRINGS, Vitamin World and Vita Cost to name a few. Some of the largest players in the US supplement market.
Innovative Fulfillment Corp. The purchase of Innovative is another well designed strategic move for Creative Edge Nutrition, Inc. due to the fact that this will continue Creative Edge’s vertical integrated concept. Innovative Fulfillment Corp, provides fulfillment services to outside brands. With our state of the art call center, we are able to provide superior customer service for our brands and others.
Cenergy Brand: we have formulated and completed the packaging for the Cenergy Brand. We are ready to manufacture and sell these brands. We utilized only the best ingredients and one of the nation’s top flavor houses. Amazingly good tasting products that work! Brand logo and packaging labels were created by Mr. Clark Mitchell www.mitchell-ink.com who has done work for Star Wars, Coca Cola, Transformers, Indiana Jones, Coors Light, Corona and the NFL.
We have signed an employment contract with Mr. Chad Nicholls who worked previously for Hitech Pharmaceuticals; a pioneer in the supplement industry. Chad also worked for SciFit. Chad has sold in excess of $40 million dollars of supplements in the past 10 years. Chad is a huge asset to our team. His love of the industry and connections are unsurpassed.
-Goldman Research issued a research report which forecast FY13 revenue of 60 mln usd and also gave them a price target of .35.
Goldman Research Report
http://www.goldmanresearch.com/Popular/next-b...tical.html
Building blocks to a better you…..
“CENergistic Effects” TM … The presence of one compound enhances the effects of the second for maximum results.
Creative Edge Nutrition, Inc. (CENergy) was created and committed to building a customer brand loyalty by developing a diverse portfolio of health – oriented nutrition products. Scientifically designed and formulated to enhance athletic performance and well being, manufactured in the United States. Many of our product formulations have been in existence for years; however, we continually review, update and improve our product formulas based upon new developments in nutritional science. Cenergy is poised to set the standard and is committed to excellence, creating a lifestyle easier than ever dreamed possible.
Creative Edge Nutrition has developed five product categories to enhance performance, according to your lifestyle.
LEAN - Weight loss
ENERGY - Metabolic enhancement
ESSENTIALS - Fast and efficient recovery / well-being
MASS – Muscle enhancement and stimulation
VITAMINS - Overall health and physical well-being
APPAREL - Cenergy’s apparel line is both functional and fashionable.
About Creative Edge Nutrition, Inc.
Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. www.CenergyNutrition.com and http://www.facebook.com/pages/Creative-Edge-N...4738609211
About Sci-Fit Natures Science
Sci-Fit offers over 600 products to fit every athlete, no matter what the sport or level of competition. While the professionals prefer our products, we also cater to the “enthusiast” who just wants to look and feel his or her best every day. www.scifitauthentic.com .
About www.supplementstogo.com
Supplementstogo.com is one of the leading online retailers in the market today for discount supplements! Always focusing on the hottest products and what provides the best results for their customers, Supplements To Go has made a great name for themselves in the world of nutrition. To find out more about SupplementsToGo.com, please view the site www.supplementstogo.com .
About www.a-z-nutrition.com
A-Z-Nutrition.com is one of the best known e-tailers of discount nutritional supplements. Providing its customers over a decade of quality products at the best prices around, A-Z-Nutrition supports its customers with a portal that is easy to use and to the point. To find out more about them, please view their site www.a-z-nutrition.com .
About Innovative Fulfillment Corp
Innovative Fulfillment Corp. provides fulfillment and other logistics services businesses within the direct to consumer channel. To find out more about them, please view their site
www.fulfillmentinnovation.com .
FITX CHART
RECENT HEADLINES
Monday, October 15, 2012
- Creative Edge Nutrition, Inc. Acquires Chesapeake Nutraceuticals PR Newswire (Mon, Oct 15)
Friday, October 12, 2012
- Letter To Shareholders from Creative Edge Nutrition, Inc. PR Newswire (Fri, Oct 12)
Thursday, October 4, 2012
- BUYINS.NET Updates Creative Edge Nutrition SqueezeTrigger Report GlobeNewswire (Thu, Oct 4)
Thursday, September 27, 2012
- Goldman Small Cap Research Issues Research Report on Creative Edge Nutrition, Inc. GlobeNewswire (Thu, Sep 27)
- Creative Edge Nutrition, Inc. Acquires Sci-Fit and Nature’s Science Brands PR Newswire (Thu, Sep 27)
Wednesday, September 26, 2012
- Creative Edge Nutrition, Inc. Acquires A-Z-Nutrition.com PR Newswire (Wed, Sep 26)
Tuesday, September 18, 2012
- BUYINS.NET Issues Creative Edge Nutrition SqueezeTrigger Report GlobeNewswire (Tue, Sep 18)
Thursday, September 13, 2012
- Creative Edge Nutrition, Inc. To Launch its Cenergy line at Olympia PR Newswire (Thu, Sep 13)
Wednesday, September 12, 2012
- Creative Edge Nutrition, Inc. Acquires Online Superstore, SupplementsToGo.com in the $400 Billion Wellness Industry PR Newswire (Wed, Sep 12)
Tuesday, July 31, 2012
- Creative Edge Nutrition, Inc. Acquires Innovative Fulfillment Corp. Marketwire (Tue, Jul 31)
Tuesday, July 17, 2012
- Creative Edge Nutrition, Inc. Raw Material Exclusivity Agreement Marketwire (Tue, Jul 17)