BioEnvelop to produce edible film for NuitriCorp
Agreement covers the production and sale of all film-based nutraceutical products sold in the Canadian market for the private label manufacturer.
25/11/05 BioEnvelop Technologies Corporation (the "Company" or "BioEnvelop") is pleased to announce that it has entered into an exclusive agreement to manufacture nutraceutical film products for NutriCorp International.
The agreement covers the production and sale of all film-based nutraceutical products sold in the Canadian market for the private label manufacturer. The exclusivity is subject to achieving a minimum sales volume of $4.5 million over a three-year period.
Based in Windsor, Ontario, NutriCorp International is a wholly owned division of Jamieson Laboratories, one of North America's leading manufacturers and suppliers of natural source minerals, herbal remedies and nutritional food supplements. Jamieson is Canada's largest Nutritional Supplement manufacturer, marketing three brands: Jamieson Natural Sources, Wampole and Quest Vitamins, for a total of 30.1% market share of the branded Vitamin-Mineral Supplement category.
The exclusive agreement demonstrates the successful application of BioEnvelop's high-quality film delivery system in the nutraceuticals industry. BioEnvelop's unique technology maximizes the active ingredient capacity required in value-added over-the-counter nutrition products. The alliance brings together one of the edible film industry's leading quality manufacturers with one of North America's leading suppliers of nutraceutical products. BioEnvelop's manufacturing facility was required to meet Jamieson's strict level of manufacturing requirements in order to execute the agreement with NutriCorp.
Founded in 1998, BioEnvelop Technologies Corporation (www.bioenvelop.com) develops, manufactures and markets Longevita(R) coating solution, a biodegradable and edible protein-based coating treatment that prolongs shelf life and inhibits humidity transfer in fresh and frozen food products, Bari- Kad(TM), a gel or solid film aimed at the agri-food market, and Miracle Glaçage(TM), which addresses the fruit coating and glaze market. BioEnvelop is also developing applications of its biodegradable films for packaging, protecting and transporting food products. BioEnvelop now markets four (4) distinctive product lines: Longevita(R), Bari-Kad(TM), Miracle Glaçage(TM), as well as BioP100(TM) for the packaging industry. BioEnvelop is registered with the U.S. Food & Drug Administration (FDA) under Title 21, Part 207 of the Code of Federal Regulations (CFR), for the manufacturing of commercial drug products.
NutriCorp International is a division of Jamieson Laboratories specializing in private-label packaging and contract manufacturing. NutriCorp has three strategically positioned locations providing fast and efficient distribution worldwide. Within these facilities they offer a complete start-to- finish pharmaceutical protocol operation.
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