VANCOUVER, British Columbia, Oct. 11, 2018 (GLOBE NEWSWIRE) -- NeutriSci International Inc. (the "Company" or
"NeutriSci") (TSX-V: NU, OTCQB: NRXCF, Frankfurt: 1N9) is pleased to provide a further update on its previously announced
non-binding letter of intent (“LOI”) between the Company and Naturally Splendid USA Ltd. ("Naturally
Splendid") (TSX-V: NSP, OTCQB: NSPDF).
This new binding LOI signifies the successful completion of a sublingual HempOmega® tablet using
NeutriSci’s IP and technology, as well as a sublingual tablet combining HempOmega® and CBD (cannabidiol). A definitive
agreement between the parties will follow in the coming weeks.
The definitive agreement will include at least two NeutriSci formulated sublingual tablets, including:
- a CBD/HempOmega® fortified sublingual tablet; and
- a HempOmega® fortified sublingual tablet.
Both parties have agreed to expand the initial scope of distribution. The newly developed
HempOmega® sublingual tablet will now be available through Naturally Splendid’s partner distribution networks in South Korea,
Japan and Australia.
In addition, Naturally Splendid will commence distribution of NeutriSci’s neuenergy® in the Australian
market. Neuenergy® is the Company’s revolutionary energy tab designed to deliver enhanced focus and mental clarity with no
sugar, no calories and no crash associated with typical energy products.
Production will begin on the full spectrum HempOmega® tablets to be sold in South Korea, Japan and now
Australia, and will be manufactured a licensed partner facility in Northern California. Additionally, as regulations allow,
Naturally Splendid will begin marketing the CBD/HempOmega® sublingual tablets in regions where CBD products are approved for
sale.
NeutriSci’s CEO, Glen Rehman commented, “This new arrangement brings us a final step closer to introducing and
establishing a one-of-a-kind HempOmega product into the Asian and Australian marketplace. This ground-breaking product will become
accessible to millions of potential users and sets the stage for further expansion into the region. We look forward to the
continued international diversification and execution of our expansion plans as we move forward with this product and others that
incorporate our technology and IP.”
Doug Mason, CEO of Naturally Splendid commented, “This is yet another significant milestone for Naturally
Splendid’s proprietary HempOmega, the micro-encapsulated hemp seed oil ingredient that continues to excel in the product
formulations it was intended to enhance. We have been eagerly developing this product with NeutriSci for sale in international
territories, and executing this extended LOI will accelerate our entry to these markets, as well as allow for new formulations to
be launched rapidly. Accessing our already established distribution network gives Naturally Splendid and NeutriSci an advantage
most companies are still striving to achieve. We anticipate a swift and timely closure to the definitive agreement and will provide
updates in short order. Naturally Splendid would like to thank NeutriSci for their commitment and contribution to producing
high-quality, innovative products, that we are excited to be co-producing.”
On Behalf of the Board of Directors of
NEUTRISCI INTERNATIONAL INC.
Glen Rehman
CEO
NeutriSci International Inc.
Tel: (403) 264-6320
Email: grehman@neutrisci.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business
conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as
required under the applicable laws.
About NeutriSci International Inc.
NeutriSci specializes in the innovation, production and formulation of nutraceutical products. Established in
2009, NeutriSci is currently focussed on building sustainable sales models with Convenience, Chain Drug, and Mass Market and
Supermarket retailers for neuenergy®, the Company’s natural energy and focus supplement that has at its core, the beneficial
effects of blueberries.
Neuenergy® contains a unique patented combination of blueberries (pterostilbene) and naturally derived
caffeine, and is a revolutionary energy tab designed to deliver enhanced focus and mental clarity with no sugar, no calories and no
crash associated with typical energy products. To find out more about neuenergy®, please visit www.getneuenergy.com.
For more information, please visit: www.neutrisci.com
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products 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 cannabinoid compounds in a broad spectrum of
applications.
Statements in this press release have not been evaluated by the Food and Drug Administration. Products
or ingredients are not intended to diagnose, treat, cure or prevent any disease.
