Medindia LOGIN REGISTER
Medindia
Advertisement

Millennium Signs Manufacturing Contract with Farmland Dairies, Division of General Electric to Manufacture Ready-To-Drink and Tube Feeding Products

Friday, June 27, 2008 General News
Advertisement
BASKING RIDGE, N.J., June 26 MillenniumBiotechnologies, Inc. a wholly owned subsidiary of Millennium BiotechnologiesGroup, Inc. (OTC Bulletin Board: MBTG) today announces that it has signed athree year Manufacturing Contract with Farmland Dairies based in Wallington,NJ (Farmland). Farmland aseptically manufactures selected brands and productsincluding but not limited to: Farmland, Skim Plus, Welsh Farms milk-basedproducts and Shelf-stable products including Chocolate Splash, Lil Milk,Parmalat, Pomi, and Special Request. Millennium's products will bemanufactured at Farmland's Grand Rapids, Michigan facility.
Advertisement

"After a diligent selection process, we have selected Farmland for thequality of their aseptic facilities, their proximity to the heart of ourcurrent customer bases, and stringent standards of their kosher manufacturingfacilities. They clearly have the capacity to meet our current needs withscalable capacity to accommodate our future growth both domestically, as wellas internationally," stated Mark Mirken President and COO of Millennium. MarkMirken also stated, "This long term product arrangement insures theavailability of product for the rapid sales increase we are experiencing andexpect to continue. As we grow and exceed the One-Hundred Thousand Caseminimum we will engage in a reduced cost structure which will enhance ourgross margins." "We are very excited to be the manufacturing partner forMillennium's broad line of aseptic ready to drink products. We believe theirReady-To-Drink Nutritional Supplement line is uniquely positioned to succeedand enjoy both current and expanded market penetration," stated Mark Sherman,VP of Aseptic Operations, Farmland Dairies.
Advertisement

About Farmland Dairies

Farmland Dairies brand names include Farmland, Parmalat, Lil' Milk, Pomi,and Welsh Farms. In addition to fresh and shelf-stable milk, cream, half &half, drinks juices, and licenses Pomi Tomatoes. The company's milk and milkproducts are the market leaders in metro New Jersey and New York area.Farmland currently has 450 employees and revenues $310M in 2007.

About Millennium

Millennium's six marketed products form its advanced line of nutritionalformulas. Resurgex Select(R) is a whole foods-based, calorically dense,high-protein nutritional formula developed for cancer patients undergoingchemotherapy or radiation treatments. Resurgex(R) and Resurgex Plus(R) arespecialized, anabolic nutritional supplements rich in antioxidants thatprovide nutritional support post-treatment. Millennium also created Surgex(TM)sports nutrition formula to address the nutritional concerns of professional,Olympic, and amateur elite athletes. These athletes often experience similarsymptoms post-workout to those battling immuno-compromised conditions, such asfatigue, loss of lean muscle, oxidative stress, and reduced immune function.Resurgex Essential(TM) and Resurgex Essential Plus(TM) are comprehensive,calorically dense formulas that meet and succeed the nutritional requirementsof the assisted living community.

Statements in this news release regarding future financial and operatingresults, future growth in R&D programs, potential applications of theMillennium's technology, opportunities for the Millennium, and any otherstatements about the future expectations, beliefs, goals, plans, or prospectsexpressed constitute forward-looking statements within the meaning of thePrivate Securities Litigation Reform Act of 1995. Any statements that are notstatements of historical fact (including statements containing the words'will,' 'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates,' andsimilar expressions) should also be considered to be forward-lookingstatements. There are a number of important factors that could cause actualresults or events to differ materially from those indicated by suchforward-looking statements including: limited operating history, n
Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close