This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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 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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs