NUVM NuVim Inc (PK)

NuVim, Inc. (OTCBB:NUVM), a leading provider of nutritional, refrigerated and shelf-stable, ready-to-drink beverages and powder mixes announced today that it has signed a Letter of Intent to merge with Innovative Technologies Corporation of America. The combined businesses will have annual gross revenues of approximately $5 million. ITCA brings with it the brands �Glacial Milk�� and �Carb Crusher��. In addition, NuVim� will obtain sales and distribution rights to the brand �Hair of the Dog�� for worldwide sales to the US military, foodservice establishments, beer and wine distributors, and colleges and universities. ITCA�s owners will receive $2.3 million in cash and 4,250,000 shares of restricted common stock in the tax free reorganization. NuVim� will issue debt to finance the cash portion of the merger and future combined operations. Steven Smith, president of ITCA and Richard Kundrat CEO of NuVim, Inc. said, �The merged company, which will retain the NuVim� name, will distribute four brands now in distinct distribution channels. The combined selling organizations will offer many opportunities for cross introduction.� �Steve Smith�s services during the next year will assist in our goal to improve both short term and long term revenue and net profit growth,� Kundrat continued. �The potential of synergistic sales growth and increased operating efficiencies supports a forecast of positive cash flow for 2009.� About NuVim: NuVim� is a one of a kind beverage that is sold in the refrigerated juice section in half gallon juice cartons in 1,000 supermarkets including Shoprite, A&P, Giant Eagle, Walbaums, Giant, Wal-Mart supercenters in Florida and the military commissaries from Virginia to Alabama. NuVim� is formulated with NutraFlora� prebiotic fiber to help maintain a strong immune system, enhance vitamin and mineral absorption, especially calcium, and aid in digestive consistency. NuVim� also contains whey protein to help promote muscle and joint health and improved athletic performance. NuVim� has 45 calories per serving, no high fructose corn syrup, no lactose, no cholesterol, no fat, no artificial flavors and no caffeine. In the second quarter of 2008 NuVim� introduced the 12 ounce single serve shelf stable products to hospital and business cafeterias and schools and colleges. The NuVim� powder mixes are sold solely through the internet. 20 ounce single serve teas and lemonade, all with the same NuVim� health benefits, will be launched into test markets in the 4th quarter of this year. About Innovative Technologies of America: ITCA, located in Tampa, Florida is a privately owned company founded in 2002 by Steven Smith. ITCA manufactures, sells, and distributes complete nutrition dietary supplement ready to drink beverages and concentrates to Sam�s Clubs and over the internet. Glacial Milk� products are complete nutrition products for adults and children. Glacial Milk� contains over 60 minerals and 18 vitamins per serving to provide the body with the required essential nutrients. Carb Crusher� is a weight control beverage. Hair of the Dog� products can be used by a consumer in the evening or morning to assist the body in combating the effects of a hangover. ITCA, like NuVim�, operates through manufacturing co-packers and third party sales networks. To learn more about NuVim� visit www.nuvim.com or call toll free 877-850-8777.