One World, TriGeniX Need Capital to Overcome Insufficient Sales

One World, TriGeniX Need Capital to Overcome Insufficient Sales

DRAPER, UtahOne World Nutrition Inc. (Pink Sheets:OWDN), whichmaintains the three-stage TriGeniX brand nutritional system for athletes,reported net sales in fiscal 2005 continued to underfund operating costs,slumping to $54,669 in 2005 from $84,738 sold in 2004. At $66,037, cost of goodsoutpaced revenues, leaving a gross deficit of almost 21 percentof- sales,compared to gross income of nearly 12 percent-ofsales posted in 2004. Earningsfell to a loss of $2.96 million or $0.25 per share in 2005 from $1.62 million or$0.13 lost in 2004.

According to the companys filing, sales of TriGeniXwhich includes VitaPlus vitamin and minerals, Adaptogens Plus liquid vitamins, energizers and plantsuperfoods, and Omega Plus essential fatty acids from marine oilshave notbeen sufficient to cover costs since sales began in 2004. The company(www.tgxsystem.com) ended the year with a cash flow deficit of $2.1 million andsaid it needs to obtain adequate capital to fund operating losses until itbecomes profitable, or it will have to cease operations. It will also needadditional capital to support marketing and sales efforts to generate positivecash flow.To this end, the company expects to seek the remaining $0.17 millionof an existing $3 million private placement offering; complete a developinginfomercial featuring celebrity athlete endorsements designed to target babyboomers; introduce complimentary products for increased brand recognition; andsecure another private placement offering of convertible debentures in firstquarter 2006.