Nova Pharmaceutical Inc. Gears Up for Annual Gold's Gym Convention|
LAKE ELSINORE, Calif., June 13 /PRNewswire/ -- Nova Pharmaceutical Inc. (OTC Bulletin Board: NOVX) announced today that it will be a premier exhibitor at the annual Gold's Gym convention to be held in Las Vegas, Nevada July 5 - 8, 2000.
The annual show hosts all of the Gold's Gym franchise owners, operators, and fitness trainers from around the globe. The convention offers a once a year opportunity for vendors, such as Nova Pharmaceutical, to conduct business eye to eye with the decision-makers of the gym chain. Gold's Gym has over 500 locations worldwide, making it the largest fitness chain, and is home to over 2 million fitness enthusiasts. Nova has reserved a 20'x 20' island booth and will offer a "show discount" for all purchase orders written at the show. Nova will be sampling five of the twenty-three nutritional items in its Gold's Gym Nutrition product line. The five products include ProStak, Thermo XP2, GO, BioNx Whey Protein, and 5-5-1, a Creatine drink.
Gold's Gym locations gross monthly supplement sales between $1,000 to as much as $11,000. A successful conversion of all Gold's Gym locations to carry Gold's Gym Nutrition products could result in annual sales of $8.3 million for Nova. Gold's Gym Nutrition products have been proven as a successful seller in current participating Gold's Gym locations. CB Bruton, General Manager of the Gold's Gym in Burlington North Carolina, said, "My sales for the Gold's Gym Nutrition products are growing every month. We have now removed all other nutritional products and have gone exclusively with the Gold's Gym Nutrition line." Mr. Bruton adds, "My personal favorites are the ReFlex and ProStak products."
Ralph Mann, CEO and President of Nova Pharmaceutical Inc said, "We recognize the importance of distributing our product line to all of the Gold's Gym locations throughout the world." Mr. Mann adds, "Our goal at the show is to achieve 100% participation from the most recognized gym chain in the world."
About Nova Pharmaceutical Inc
Nova Pharmaceutical Inc. is a publicly traded company on the OTC Bulletin Board (ticker symbol:NOVX). The company holds a patent for its weight loss product, NxTrim, which held the number one selling diet aid in the California Drug class of trade through 1999 according to data provided by Information Resources Inc.
Nova Pharmaceutical Inc. is the sole manufacturer, distributor, and marketer of Gold's Gym Nutrition supplements. The company markets twenty-three items under the Gold's Gym trademark.
More information about the products and services of Nova Pharmaceutical Inc is available at the Company's web site www.novanx.com. The Company also hosts an informational web site for the Gold's Gym Nutrition line of products at www.goldsgymnutrition.com.
Certain statements in this release are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE: Nova Pharmaceutical Inc.
CONTACT: Ralph Mann, CEO & President, or Jim Ayres, Vice President & Secretary, both of Nova Pharmaceutical Inc., 888-495-6682