Northstar Announces That Its Products Are On Shelves, And National Rollout Is Ahead Of Schedule.
HOLBROOK, N.Y., Feb. 14, 2013 /PRNewswire/ -- Northstar Global Business Services, Inc. Symbol (OTC PINK: MDIN) announced today that the rollout of it's products to retail store shelves is now ahead of schedule. In fact, products are currently on about 5-10% of contracted store locations. As expected, Northstar began shipping products by January 1st of 2013, and initial national roll-out, was expected to take about a year, which would make Northstar's products available from coast to coast by January of 2014. This timeframe has now been cut in half and is expected to take place in just a few short months. By as early as June of 2013, Northstar expects 100% of currently contracted store locations to be carrying Snorenz, and possibly Stem-Intense as well.
According to Northstar's contacts at several major retailers, like Target, Rite-aid and Walgreens, the products are in line with several thousand other new products and are slowly being added to store shelves, with sales already underway. Additionally, Northstar is working on removing the non-disclosure agreements in place with its largest retail clients, allowing them to publicly state contract details to shareholders.
Northstar's CEO, Nick Chieco commented, "Full roll out of our products at major retail is well underway and we couldn't be happier. The larger chains like Target, Rite-Aid and Walgreens are giving us June-July timeframe for nation-wide fulfillment of new products, which is absolutely amazing. We have also confirmed that we will be added to the websites of several of these large chains as an online direct to consumer sale, which adds a tremendous amount of exposure and distribution potential. For example Walgreens.com alone gets millions of visits per week. Being available on several of these is a game changer"
Additionally, Northstar would like to confirm changes to its company's share structure planned for the 2 nd quarter of 2013. The company has already taken steps to decrease the authorized shares from 12,000,000,000 to 999,999,999, and has already decreased the outstanding by over a hundred million shares with more to come."These decreases are a big step for our shareholders, and we want to once again confirm no intention of any serious dilution or weakening of our share structure. Tightening up our share structure and decreasing the number of outstanding shares is our goal, and we hope it shows our shareholders that we are sticking to the plan," added Mr. Chieco.
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