Stock Market News
OptiBiotix Health signs distribution agreement for weight loss solution
(WebFG News) - OptiBiotix Health said on Tuesday that it has signed a non-exclusive UK distribution agreement for its SlimBiome weight management technology with Cambridge Commodities Limited (CCL).
CCL is a prominent distributor of nutritional ingredients to the sports, health & wellbeing, animal nutrition and food & beverage industries, and has 10 sales offices covering the UK, Europe, the United States and South Africa.
Stephen O'Hara, chief executive of OptiBiotix, said: "We are pleased to announce the signing of a distribution agreement with CCL. We chose them due to their leading market position and expertise in commercialising value added speciality ingredients like SlimBiome to sports, health & wellbeing industries and major UK retailers."
SlimBiome, a combination of natural ingredients designed to help with hunger-free weight loss, will be purchased from OptiBiotix and distributed by CCL.
According to OptiBiotix, the new agreement expands on and complements the deal that OptiBiotix signed with Knighton Food, who specialise in supplying supermarkets and high street coffee chains, in November.
"This agreement is another step in our low cost approach to growing revenues by building manufacturing, formulation/application and distribution partnerships which provide revenues across the whole value chain in multiple industry sectors," said O'Hara.
As of 0911 BST, OptiBiotix Health's shares were down 1.68% at 58.50p.
CCL is a prominent distributor of nutritional ingredients to the sports, health & wellbeing, animal nutrition and food & beverage industries, and has 10 sales offices covering the UK, Europe, the United States and South Africa.
Stephen O'Hara, chief executive of OptiBiotix, said: "We are pleased to announce the signing of a distribution agreement with CCL. We chose them due to their leading market position and expertise in commercialising value added speciality ingredients like SlimBiome to sports, health & wellbeing industries and major UK retailers."
SlimBiome, a combination of natural ingredients designed to help with hunger-free weight loss, will be purchased from OptiBiotix and distributed by CCL.
According to OptiBiotix, the new agreement expands on and complements the deal that OptiBiotix signed with Knighton Food, who specialise in supplying supermarkets and high street coffee chains, in November.
"This agreement is another step in our low cost approach to growing revenues by building manufacturing, formulation/application and distribution partnerships which provide revenues across the whole value chain in multiple industry sectors," said O'Hara.
As of 0911 BST, OptiBiotix Health's shares were down 1.68% at 58.50p.
Related share prices |
---|
OptiBiotix Health (OPTI) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price