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NXTH NXT Nutritionals Holdings Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
NXT Nutritionals Holdings Inc (CE) USOTC:NXTH OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

NXT Nutritionals Announces Termination of SEC Reporting and Voluntary Delisting

15/05/2012 10:10pm

Business Wire


NXT Nutritionals (CE) (USOTC:NXTH)
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NXT Nutritionals Holdings, Inc. (“Company”) (OTCBB: NXTH) developer and marketer of SUSTA™ Natural Sweetener, the great tasting, all-natural, healthy sweetener, and Healthy Dairy® non-fat yogurt smoothies that are sweetened with SUSTA, announced today that it plans to file a Form 15 (Notification of Removal from Listing) with the Securities and Exchange Commission (“SEC”) to voluntarily delist its common stock from the OTC Bulletin Board (“OTCBB”). The Company’s filing obligations, which include the Form 10K, For 10Q and Form 8K are suspended as of the filing of the Form 15.

Commenting on this announcement, Michael McCarthy, President and Chief Executive Officer of the Company said: “The Company’s decision to delist and suspend reporting obligations was made after careful consideration of the advantages and disadvantages of being listed on the OTCBB and the increasing expense of complying with the many SEC laws and regulations. The benefits of being listed on the OTCBB no longer outweigh the significant legal, accounting and administrative costs associated with maintaining a listing on the OTCBB, including those created by the Sarbanes-Oxley Act. The Company will continue to remain operating and concentrate its efforts on rebuilding its business model to increase revenues and to grow organically.”

The Company expects that its common stock will continue to be quoted on the Pink Sheets, a centralized quotation service that collects and publishes market maker quotes for securities.

About NXT Nutritionals Holdings, Inc.

Headquartered in Springfield, M.A., NXT Nutritionals Holdings, Inc., through its wholly owned subsidiary NXT Nutritionals, Inc., is a developer and marketer of a proprietary, patent-pending, all–natural, healthy sweetener sold under the brand name SUSTA™ and other food and beverage products. SUSTA™ Natural Sweetener, sold as a stand-alone product and the common ingredient for all of the Company’s products, is an all-natural, healthy sweetener that has minimal calories and low glycemic index. NXT Nutritionals has also developed a line of SUSTA™-enhanced non-fat reduced-calorie yogurt smoothies that are marketed as Healthy Dairy® Yogurt Smoothies. For additional information, please visit NXT Nutritionals’ corporate website: www.nxtnutritionals.com

Forward-Looking Statements

The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of NXT Nutritionals Holdings, Inc. can be found in the filings of NXT Nutritionals Holdings, Inc. with the U.S. Securities and Exchange Commission.

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