|By Marketwired .||
|April 29, 2014 09:02 AM EDT|
BETHESDA, MD -- (Marketwired) -- 04/29/14 -- Nutroganics, Inc. ("Nutroganics") (PINKSHEETS: NUTT) announced today that Crestmark Bank has increased its financing commitment to Nutroganics to $1 million through two separate facilities of $500,000 each to Silverbow Honey and NuStar Manufacturing, Nutroganics' wholly owned subsidiaries.
"We are pleased that Crestmark Bank has chosen to increase its commitment to Nutroganics," said CEO David Sackler. "We look forward to working closely with their team as we continue to build the Nutroganics brand."
Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the consumables segment of the healthy lifestyle marketplace including natural and organic foods and nutritional supplements. Nutroganics owns 100% of both Silverbow Honey (www.silverbowhoney.com) and NuStar Manufacturing (www.nustarmfg.com). For more information, please visit www.nutroganics.com.
Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing. Crestmark finances most business-to-business companies, and has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with locations in California, Florida, Louisiana, Tennessee, New York, and Illinois; representatives in Alabama, Maryland, North Carolina, and Texas, www.crestmark.com.
For more information, contact David Sackler at [email protected] or at (516)-513-5113.
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.