BURNABY, BRITISH COLUMBIA -- (Marketwired) -- 09/10/13 -- Naturally Splendid Enterprises (TSX VENTURE: NSP) (the "Company") is pleased to announce they have entered into a non-disclosure agreement (NDA) with Calico Food Ingredients Ltd. ("Calico") to test the plant-based Omega products H2Omega and HempOmega created by Boreal Technologies Inc. (formerly Canadian Medical Hemp Inc.). HempOmega and H2Omega are proprietary, patent pending, powder and aqueous Omega products that utilize nano-encapsulation for increased nutritional benefits. These proprietary Omega products have been developed to deliver a more targeted and sustained release of Omega oils into the bloodstream when compared to existing Omega oil products. Preliminary testing has confirmed that these products have increased bioavailability and sustainability as well as a longer shelf life.
Calico Food Ingredients Ltd. is a leading distributor of quality food ingredients to the Canadian Food and Beverage manufacturing industries. Calico's range of vitamin and mineral premixes is specifically formulated to ensure easy, accurate addition of fat soluble vitamins and colors for a wide variety of consumer food products. Calico supplies a full range of food color products as well as a range of specialty ingredients including flavors, vitamin premixes, and natural preservatives sourced from suppliers from around the globe.
Calico will begin testing and evaluating H2Omega and HempOmega to best determine the markets and potential clients for these Omega products. Evaluation of these Omega products will begin in mid-September 2013 in order to evaluate H2Omega and HempOmega for use with Calico's Nutritional Pre-mixes and Margarine Pre-mix food ingredients. Calico offers a wide variety of vitamins and minerals to the food and nutritional markets and believes there is an excellent opportunity to offer the advantages of H2Omega and HempOmega to their customers looking for an alternative Omega source.
Naturally Splendid CEO, Craig Goodwin, states, "This is a significant company milestone for Naturally Splendid and our exclusive hemp based Omega products. Calico is one of the leading ingredient distributors in Canada and is currently conducting an evaluation process that could see HempOmega and H2Omega products become part of Calico's extensive nutritional pre-mix offerings, now being used in a variety of products."
Mr. Goodwin further states, "This is the first of many product distribution opportunities for Naturally Splendid to establish high volume sales pipelines with major food ingredient suppliers as well as food and beverage manufacturers. We are confident that this proprietary plant based Omega technology offer superior sustainable and nutritional profiles than existing Omegas products.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is currently focused on a line of hemp-based products available in a retail network of over 300 stores throughout British Columbia and into Alberta including; Save On Foods; Urban Fare; London Drugs; Marketplace IGA; and Sobeys. Naturally Splendid's existing products consist of; shelled hemp seeds; hemp protein; organic hemp oil; and hemp-based supplements.
Naturally Splendid received federal and provincial funding towards the research and development of new hemp-based food products, HempOmega and H2Omega, as well as for a strategic study to assess the feasibility of vertical integration. Success with these programs has opened the door to further government funding and support. Naturally Splendid is dedicated to providing the highest quality natural superfoods and delivering them to the general public in a tasty, nutritious manner.
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. Such factors include, among other things: risks and uncertainties relating to the successful testing and evaluation H2Omega and HempOmega by Calico. 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Naturally Splendid Enterprises Ltd.
J. Craig Goodwin
CEO & Director
(604) 570-0934 (FAX)
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