Millennium Biotechnologies Gets $705K Order For Nutritional Formula Drinks
Millennium will add a new flavor of Resurgex Essential Plus "Chocolate Truffle," as requested by the customer, in the upcoming production run at Farmland Dairies.
Pam Mink, nutrition/dietary consultant for Provider Services, said, "We made the transition to Resurgex Essential(tm) and Resurgex Essential Plus(tm) in order to better meet the critical nutritional needs of our most important geriatric residents living in our Provider Services community of over 50 facilities and 5,000 beds."
According to Mark Mirken, CEO of MBTG, since the company began offering in 2008 ready-to-drink products, as opposed to powder-based, it has received orders for over $1 million.
Mirken said the company plans to expand the line to diabetic residents.
Millennium was in the process recently of acquiring new financing for $3.4 million of senior secured debt, and entered in an agreement with one of its creditors concerning a debenture due, extending that obligation through January 2012.
Additionally, the company's clinical recovery and performance trial of its athletic drinks was slated for publication in The Journal of Strength and Conditioning Research, the official research journal of the National Strength and Conditioning Association.
The company's stock has slid continually downward, along with the rest of the stock market, from a high of over $3 a share to its current $0.02 a share.
Millennium's six marketed products form an advanced line of nutritional formulas. Resurgex Select(r) is a whole foods-based, calorically dense, high-protein nutritional formula developed for cancer patients undergoing chemotherapy or radiation treatments. Resurgex(r) and Resurgex Plus(r) are specialized, anabolic nutritional supplements rich in antioxidants that provide 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 similar symptoms post-workout to those battling immuno-compromised conditions, such as fatigue, loss of lean muscle, oxidative stress, and reduced immune function.
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