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VANCOUVER, BRITISH COLUMBIA / TheNewswire / March 23, 2016 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce that they are a finalist for the prestigious NutraIngredients Awards for their innovative omega ingredient HempOmega(R),in the category of Start-up Ingredient of the Year. In addition, the Company is pleased to report that POS Bio-Sciences, where HempOmega(R) is produced, is the winner of the North Saskatoon Business Association's (NSBA) 19th annual Business Builder Awards in the Export Category.
The NutraIngredients Awards
The NutraIngredients Awards are organized by NutraIngredients.com, which is published by William Reed Business Media. William Reed has been providing market leading business information for over 150 years. The markets served by William Reed are central to everyone's life. They include food and drink, where the company's reach extends across manufacturing, retail, wholesale and hospitality, along with pharmaceuticals and cosmetics. NutraIngredients.com is the key news source for the functional food & beverage and dietary supplement industries, whether it is a dispatch from the frontier of probiotic science, the latest health claim developments or in-depth new ingredient appraisal. Covering scientific, regulatory and industry issues, they offer a reference for all stakeholders in supplements and nutrition.
Naturally Splendid CEO Mr. Craig Goodwin states, "We are honoured to be a finalist in the NutraIngredients Awards and would also like to congratulate POS Bio-Sciences for their achievement in winning their NSBA Award. POS Bio-Sciences has been a key player in the commercialization of HempOmega(R). The recognition that POS Bio-Sciences has received from the NSBA and the fact that HempOmega(R) is a finalist for NutraIngredients Awards, is evidence of the expertise that has been assembled to create HempOmega(R). The future looks bright with the numerous applications for HempOmega(R) for the global functional ingredient markets whether that be for human, pet or livestock ".
HempOmega(R)
Naturally Splendid's HempOmega(R) is manufactured by POS Biosciences in Saskatoon, Saskatchewan in a cGMP, HACCP and ISO9001 certified facility. HempOmega(R) is an environmentally sustainable, vegetarian source of Omegas 3 and 6 that boasts a superior nutrient profile. A water soluble, homogenous, powdered ingredient, it can be easily integrated and/or manipulated, with no unpleasant taste or chemical contamination - opening up entirely new product formulation opportunities. HempOmega(R)'s greater ability to endure the digestive process delivers unmatched bioavailability, thereby maximizing its potential health benefits. Applications for HempOmega(R) includes not only human consumption, but multiple pet and livestock applications as well".
HempOmega(R) is being used as an ingredient for Laguna Blends Pro369 hemp protein powder drink mixes, which Naturally Splendid custom formulated. Pro369 has received approval from Health Canada for all four flavours.. The Minister of Health has granted Laguna a product license along with a Natural Product Number ("NPN") for all four of the Pro369 Flavours containing HempOmega(R).
Pro369 is a variety of unique 30g single serving hemp protein powder drink mixes, which are available in various flavours. The hemp proteins are water soluble and can be directly mixed in water or added to almond, coconut or regular milk. In addition, the hemp protein can also be blended into a shake or smoothie. Pro369 is considered a health industry nutritional product. Utilizing HempOmega(R), Pro369 is also a source of Omegas, 3, 6 and 9.
Additionally, Naturally Splendid and the Cocos Pure Beverage Corp, are co-developing a unique product line of coconut based retail products infused with HempOmega(R) The first three (3) products lines to be developed are; HempOmega(TM) / coconut hydration sachets; HempOmega(R) / coconut capsules; and a HempOmega(R) infused coconut water.
POS Bio-Sciences
Naturally Splendid is pleased to report that POS Bio-Sciences has been selected from four finalists as the winner in the Export category of the North Saskatoon Business Association's (NSBA) 19th annual Business Builder Awards, presented March 17.
Sponsored by the Saskatchewan Trade & Export Partnership (STEP), the Export Award is presented to the NSBA member that has successfully entered or expanded in a market outside Saskatchewan over the past year. "We are humbled and honoured to be recognized alongside some of the city's most successful and innovative companies," says POS Bio-Sciences President & CEO Dale Kelly. "This truly is a testament to our world-class team and the amazing work it does."
POS is a global leader in the creation of value-added products from biological materials -- providing expert R&D, custom processing, and analytical services to clients in more than 50 countries.
Naturally Splendid VP of Operations Bryan Carson states, "We continue to conduct research and development on multiple projects at POS Bio-Sciences. We look forward to working closely with POS as we continue to expand the commercial opportunities for HempOmega(R)".
According to a report by Companies and Markets "The global specialty food ingredients market is forecast to attain revenues of US$80.3234 billion by 2018 with revenue growth forecast to average 5.8% CAGR during the period 2013 to 2018. The increased demand for premium food products is forecast to drive growth in food ingredients with the largest specialty ingredient type being nutraceuticals or functional food ingredients". ?According to another report by Transparency Market Research, "the global specialty ingredients market will grow at a 6.60% CAGR during the period between 2015 and 2021. The report, titled 'Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021', states that the global specialty ingredients market stood at US$205.2 billion in 2014 and will reach US$320.6 billion by 2021.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient-dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions: (1) Natera(R) brand of retail hemp superfood products currently distributed throughout North America; (2) Chi Hemp Industries Incorporated (Chii) is selling natural and organic hemp products through e-commerce (3) PawsitiveFX(R) brand of pet care products; (4) BCI Division of plant-derived bulk ingredients including patent-pending HempOmega(R); and (5) hemp-based cannabinoid nutraceuticals. The Company's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
For more information please e-mail info@naturallysplendid.com or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, the Company's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
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