Z Trim Holdings, Inc. Releases Letter to Shareholders
2008年9月4日 - 3:32AM
PRニュース・ワイアー (英語)
MUNDELEIN, Ill., Sept. 3 /PRNewswire-FirstCall/ -- Z Trim Holdings,
Inc. (AMEX:ZTM) issued today the following letter to all
shareholders: September 3, 2008 To: Z Trim Shareholders Re:
Investor Update: September 2008 Dear Fellow Shareholders, In this
second installment of periodic updates intended to keep you
informed of our progress, I will shed more light on the motives and
outcomes -- realized and anticipated -- behind our plans and
strategies. We remain focused on maximizing our resources toward
building our business and enhancing shareholder value. Our strategy
to become a solutions oriented provider of natural multifunctional
fiber ingredients is advancing. We are executing both long and
short term plans in this regard. Despite the rather long food
industry sales cycle, I am happy to report that several food
manufacturers have expressed immediate interest in using Z Trim
products to provide a variety of attributes across a wide range of
applications and food categories. In some instances, we are helping
to resolve singular issues -- such as moisture management or
breakage control. In other cases we are assisting customers in
addressing issues related to sustainability, yield improvement and
profitability across multiple subsidiaries. Our combination of food
industry expertise and innovative products enables us to provide
unique solutions and efficiencies previously unavailable to the
market. Second quarter results indicate that our business model is
advancing. We've reallocated capital, begun introducing operational
and production efficiencies, and gained a better foothold in the
food manufacturing marketplace. As a result of this refocusing, we
are improving our margins and growing our market relationships to
the extent that in the second quarter we have seen steady increases
in both the size and number of orders. In point of fact, sales
revenues from food manufacturers in the second quarter were almost
triple those achieved in the first quarter, and include repeat
sales. As of this writing, the third quarter sales revenues are on
a course toward establishing sustained growth, and have already
exceeded the sales volume from the second quarter. While there
remains much hard work ahead, we are building a sound, strategic
and consistent operation that is now trending positively. While I
must continue to abide by constraints that preclude my sharing
specific information, allow me to provide a few highlights from our
second quarter: -- We've achieved significant milestones in passing
a number of rigorous review processes required by multi-national
food companies, including a systematic and comprehensive plant
certification process. These particular successes significantly
enhance our products' access to global markets. -- We hired an
accomplished sales professional from the specialty food ingredients
market to lead our sales team. Don Hutchison has expertise in
building relationships with R&D, marketing and purchasing
decision makers. As well, Don has successfully directed field sales
teams and broker networks to results that exceeded objectives. In
the coming quarters, we expect Don will play a key role in
broadening our customer base as well as building upon our
continuing sales and marketing accomplishments, such as those
summarized below. -- We are advancing our goal of forming strategic
and solutions-oriented partnerships within the global food
industry. We continue to expand significantly the number of
relationships we have with food manufacturers that are beginning to
buy Z Trim products for use in finished products that have been or
are planned to be launched in the coming months: -- Top chefs and
development staffs of large and small food manufacturing companies
are coming to our facilities to work with our R&D staff in
developing ideas and uses, and they regularly involve our R&D
staff in a variety of their own innovation exchanges. -- In some
cases, where our solutions resolved singular issues for large food
manufacturers, our products, as approved ingredients, are now
considered in the mix of possible solutions for other projects
within those companies, in other food categories and across
corporate divisions. -- Z Trim is now being implemented in the dry
mix for biscuits and pancakes sold to institutional foodservice
(schools, health care, etc.) from a major milling company. -- Ken's
Dressings is using Z Trim to reduce fats in their Salad Bar brand
of dressings for school foodservice customers in Florida. -- Small
and large food manufacturers continue testing, product development,
and/or launches of products made with Z Trim in fresh and frozen
baked items, sauces, dressings and dips; processed meat and egg
products, among others. -- We previously reported that we were
working with the Brazilian ingredient leader, Kraki, on a joint
venture agreement. While we were considering a joint effort toward
building a manufacturing facility in Brazil, our short-term plans
now call for Kraki to continue to be a valuable partner in
distributing our products to Brazil and perhaps other parts of
South America, as well as collaborating with us on our research and
development endeavors. -- We are building sales of Z Trim products
for use in processed cheeses, meats and baked goods in Europe and
other points around the globe. As we previously reported, the
Company has made the strategic decision to leave the American Stock
Exchange and join the Over-the-Counter ("OTC") Bulletin Board. Our
management team and Board of Directors unanimously agree that this
move is in the best interests of our Company and its shareholders.
Being on any major exchange is simply not the right fit for us at
present. Simply put, as a business decision, we eliminated an
expense that was returning little benefit. We will continue to
evaluate the issue periodically as our Company grows and develops.
Our management team and Board understand that sustainable working
capital is necessary for the success of our business. One of the
biggest factors leading to the decision to leave Amex was the
ability to access capital. Gaining access to capital as a member of
Amex involves working through a series of costly and time-consuming
limitations. As a member of the OTC, we will have significantly
improved our ability to take in funding quickly and less
expensively. We share with you an exciting and thrilling time, as
we continue in our efforts to build toward success. Thank you for
believing in us. Most importantly, we appreciate your loyalty and
look forward to continuing our progress with your support. To sign
up for an e-mail newsletter that will provide general information
concerning Z Trim partners, associates, recipes, profiles and more,
please visit http://www.ztrim.com/ and enter your email address
under the "send me updates" header on the left side of the page.
Sincerely, s/ Steve Cohen President Z Trim Holdings, Inc. ABOUT Z
TRIM(R) Z Trim, http://www.ztrim.com/, is a natural, functional
food ingredient and emulsifier made from the hulls of corn. Because
Z Trim is a non-caloric replacement of added fats, with Z Trim you
can achieve up to 80% calorie reduction in many foods without
negatively affecting taste or texture, and can substantially reduce
harmful trans and saturated fats found in many foods. Z Trim is a
versatile product that can serve as a fat replacement or emulsifier
with texturization, binding, shaping, suspension, water control and
pH balance attributes. Z Trim has wide application in dairy
products, dressings, dips, sauces, baked goods, processed meats,
snack foods, cookies, pies, cakes, icings, brownies, bars, ice
cream, milk shakes and many other foods. Disclosures About
Forward-Looking Statements. This letter contains forward-looking
statements within the safe harbor provisions of the Private
Securities Litigation Report Act of 1995. All statements other than
those that are purely historical are forward-looking statements.
Words such as "expect," "anticipate," "believe," "estimate,"
"intend," "plan," "potential" and similar expressions also identify
forward-looking statements. Forward-looking statements include
statements regarding our prospects for future sales and production
efficiencies. Because these forward-looking statements involve
risks and uncertainties, there are important factors that could
cause our actual results, as well as our expectations regarding
materiality or significance, to differ materially from those in the
forward-looking statements. These factors include the risks that we
may not gain significant market acceptance for our products, that
our plant current operates at a loss, and that we face significant
competition. For a discussion of a variety of risk factors
affecting our business and prospects, see "Risk Factors" in our
Annual Report on Form 10-KSB for the year ended December 31, 2007.
Contact: Angela Strickland Voice: 847-549-6002 Email: DATASOURCE: Z
Trim Holdings, Inc. CONTACT: Angela Strickland of Z Trim Holdings,
Inc., +1-847-549-6002, Web site: http://www.ztrim.com/
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