Mundelein, IL / ACCESSWIRE / November 10, 2014 / Z Trim Holdings, Inc. ("ZTH") (OTCQB: ZTHO), an AgriTech company providing value-added ingredients to a variety of industries, today announced that Health Canada, the FDA's Canadian counterpart, has issued a "letter of no objection", effectively approving Z Trim ingredients for all food applications and thereby opening the door to product sales in Canada.
"The process of obtaining Canadian regulatory approval took several months, but we believe it will be well worth the effort," said Z Trim's VP of Sales and Applications, Lynda Carroll. "In April of this year, we announced the establishment of our partnership with Unipex Solutions Canada (4/22/14 release), a leading distributor of active ingredients in North America, and have been working diligently with them to surmount this final hurdle."
"We were very excited to receive the letter of no objection from Health Canada for Z-Trim in all applications," said Lori O'Boyle, Business Unit Manager – Food/Nutrition at Unipex. "So many of our customers have been waiting for this great news since we introduced them to the product and showed them its incredible functionality and benefits. Whether they are seeking cost savings, fat reduction or shelf life extension, they are eager to start using Z-Trim! Unipex Solutions Canada values working with U.S. firms like Z-Trim so that we can live up to our name by delivering high-quality solutions to our customers and be partners in their anticipated success."
"This is a great opportunity for our Company," said Steve Cohen, Z Trim's CEO: "Food producers everywhere naturally want to increase profitability, but in our experience, Canadian manufactures, regulators and consumers also share a keen interest in enhancing the nutritional value of processed foods and we believe that Z Trim ingredients are ideally suited to that task." Cohen added, "according to Canada.ca; at nearly $100 billion annually, food and beverage processing is Canada's largest manufacturing industry and we are, of course, very eager to show them what Z Trim can do."
ABOUT Z TRIM
Z Trim Holdings, Inc. (www.ztrim.com) is an AgriTech company that owns existing, and has developed new, products and processes to transform biomass for uses in the food and industrial markets. Using revolutionary technology designed to produce value-added ingredients across virtually all food industry categories, the Company's food division currently sells a line of products that can help food manufacturers reduce their costs and solve many production problems. These all-natural ingredients, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity -- all without degrading the taste and texture of the finished products. Perhaps most significantly, Z Trim's products can help extend yields, and thereby increase its customers' gross margins. The Company's industrial division, opened in 2012, offers eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries. These industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding the expected sales of Z Trim products to Canadian food producers as a result of regulatory approval by Health Canada. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to the ability of the new formulation to achieve desired results and have the anticipated impact on the market, our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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Contact Information
Media:
Angela Strickland
(847) 549-6002
[email protected]
SOURCE: Z Trim Holdings, Inc.