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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Green Mountain Developmnet Corp (CE) | USOTC:GMND | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Rapid Nutrition Ltd has a strong presence in Australia, where it is headquartered and exports to 13 countries. They have three manufacturing facilities in India and consolidated revenues of over USD $20 million. With the successful acceptance of Rapid Nutrition products in the international markets, the company is now expanding into the US market with a public company presence via GMND's recently created Natural Healthcare division.
As part of its charter, RNUL will license marketing rights for the Rapid Nutrition Ltd product line in the USA and Robert Brehm and Nick Kontonicolas will become new board members of RNUL and actively participate in developing RNUL business strategies to increase GMND shareholder value. Rapid Nutrition Executive Director and current CEO of Middle East and Asia Operations, Mr. Vaidyanathan Nateshan, will become Chief Executive Officer of RNUL.
Mr. Simon St Ledger, CEO of Rapid Nutrition, Ltd, stated, "We are very excited to become a contributing member of the Green Mountain family of companies. Apart from giving us access to a path breaking biological product line, which complements our natural products strategy, it gives us a listed platform in the US to pursue expansion plans as we deem fit."
About Rapid Nutrition Rapid Nutrition is a natural healthcare company focused on the research, development and production of a range of life science products. www.rapid-nutrition.com
The information contained in this press release includes forward-looking statements. Forward-looking statements contain words that may involve risks and uncertainties. The company's actual results could differ materially from those discussed herein.
Green Mountain Development Corp Robert Brehm 619/488-3744 bob@greenbizness.com Website www.GreenBizness.com for updates About C. Trade Group Mr. Kontonicolas +1 917 297-5571 ctradeusa@juno.com
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