NuVim Expects Sizeable 3Q Gains
October 16, 2006
PARAMUS, N.J.—Nutritional beverage maker NuVim Inc. (OTCBB:NUVM) reported its third quarter results will highlight significant quarter-to-quarter growth of 40 percent, as sales in August were the highest for a single month in the past three years. The company (www.nuvim.com) noted while six-month results trailed the previous year’s comparison, the upcoming nine-month report will show an improvement over the first nine months last year.
Rick Kundrat, chief executive officer (CEO), said the growth is coming from the supermarket and Wal-Mart refrigerated 64-oz. segment of the business. “There are many contributing factors to the growth,” he said. “It appears that one of them is the television advertising that began in June and will continue through the second quarter of 2007.”
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