SAN MARCOS, Calif., March 16 /PRNewswire-FirstCall/ -- Natural
Alternatives International, Inc. ("NAI") (Nasdaq: NAII), a leading
formulator, manufacturer and marketer of customized nutritional
supplements, today announced that the Swissmedic Authority of Bern,
Switzerland has granted to NAI's subsidiary, Natural Alternatives
International Europe, S.A., ("NAIE"), a second pharmaceutical license. This
additional license allows NAIE to manufacture, import and export
pharmaceuticals for sale both in Switzerland and internationally and will
remain valid until January of 2009.
Dr. Fausto Petrini, Managing Director of NAIE stated, "NAIE, operating
in Lugano, Switzerland, recently completed expansion of its manufacturing
facility to include powder filling capabilities. Obtaining this additional
pharmaceutical licensure certifies that our expanded operations conform to
current Good Manufacturing Practices. We anticipate this licensure and our
new capabilities will further improve our ability to develop relationships
with new customers."
NAI Chairman of the Board and CEO, Mark A. Le Doux, stated, "In many
countries around the world the manufacture of dietary supplements requires
medicinal licensure. This provides assurance to consumers that they will
receive high quality products. Achieving this milestone of receiving
pharmaceutical licensure from the Swiss Federal government exemplifies the
leadership and dedication of our teams in Lugano, Switzerland and the
United States and their commitment to providing our customers with the
highest quality manufacturing expertise."
NAI President Randell Weaver added, "Due to the timing of customer
orders, we anticipate revenue in the third quarter of fiscal 2007 will be
in line to slightly lower than revenue from the third quarter of the prior
year. The timing of customer orders combined with third quarter investments
in regulatory compliance and improvements in customer service may result in
lower profitability than previously anticipated."
NAI, headquartered in San Marcos, California, is a leading formulator,
manufacturer and marketer of nutritional supplements that provides
strategic partnering services to its customers. Our comprehensive
partnership approach offers a wide range of innovative nutritional products
and services to our clients including: scientific research, clinical
studies, proprietary ingredients, customer-specific nutritional product
formulation, product testing and evaluation, marketing management and
support, packaging and delivery system design, regulatory review and
international product registration assistance. For more information about
NAI, please see our website at http://www.nai-online.com.
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 that are not
historical facts and information. These statements represent our
intentions, expectations and beliefs concerning future events, including,
among other things, expectations and beliefs with respect to our future
revenue and profits, the impact upon future financial and operating results
from the receipt by NAIE of a pharmaceutical license and the investment in
its facilities, and our ability to develop relationships with new
customers. We wish to caution readers that these statements involve risks
and uncertainties that could cause actual results and outcomes for future
periods to differ materially from any forward-looking statement or views
expressed herein. Our financial performance and the forward-looking
statements contained herein are further qualified by other risks including
those set forth from time to time in the documents filed by us with the
Securities and Exchange Commission, including our most recent Quarterly
Report on Form 10-Q and Annual Report on Form 10-K.
CONTACT - John R. Reaves, Chief Financial Officer, Natural Alternatives
International, Inc., 760-736-7700 or info@nai-online.com.
SOURCE Natural Alternatives International, Inc.
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Related links:
http://www.nai-online.com
CONTACT:
John R. Reaves, Chief Financial Officer of
Natural Alternatives International, Inc., +1-760-736-7700,
info@nai-online.com
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