Showing posts with label ZTHO. Show all posts
Showing posts with label ZTHO. Show all posts

Tuesday, January 10, 2012

Z Trim Holdings (Pinksheets: ZTHO) Reports Best Quarter in Company History, Trading +30%

Z Trim Holdings (Pinksheets: ZTHO) Reports Best Quarter in Company History, Trading +30%Palm Beach, FL 1/10/12 (StreetBeat) -- Z Trim Holdings, Inc. (Pink Sheets: ZTHO), manufacturer of multifunctional ingredients used in food production, today announced that it recorded, in the fourth quarter of 2011, its highest revenues in Company history. Further, virtually the entire product produced in this period has been sold. "In the 4th quarter 2011, we achieved growth of over 13% above our previous best revenue quarter," said Steve Cohen , Z Trim CEO. "We are just beginning to show the food industry how Z Trim products can help manufacturers reduce costs and make better products for consumers."
The company is currently trading at $0.55, up $0.13 or 30%.

ABOUT Z TRIM®

Z Trim Holdings, Incorporated, http://www.ztrim.com, deploys technology, formulation, and product performance solutions built around cutting edge multifunctional ingredients for both domestic and international food markets. Made from either corn bran or oat hulls, Z Trim® ingredients contribute multifunctional attributes for food product design and processing, including moisture management, texture and appearance quality, fat and calorie reduction, clean labeling, and cost-control. Z Trim® can provide enhanced eating quality, outstanding product performance, and frequently, improved nutritional profiles in meats, sauces, dressings, microwaveable hand-held snacks, baked goods, fillings, toppings, prepared meals, ice cream, cream cheese, dips, and many other food products.

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Monday, March 21, 2011

Z-Trim (PINK:ZTHO): $3Million in Operating Capital

Z-Trim (PINK:ZTHO): $3Million in Operating CapitalZ Trim Holdings (OTC: ZTHO), manufacturer of multifunctional ingredients used in food production, today announced it received $3.326 million in funding from New York-based investment firm Brightline Ventures. The Company sold Brightline 665,339 shares of convertible Preferred Series II Stock with an issue price of $5.00 per share, and 4,990,046 warrants with an exercise price of $1.50 per share. The Preferred Stock converts at a price of $1.00 per share into 3,326,697 shares of the Company's Common Stock, exclusive of an 8% dividend, which is also convertible into Common Stock.

Brightline's Managing Partner, Ed Smith said, "We are excited to provide Z Trim with the capital it required to begin realizing the potential of its food ingredient platform. We are also pleased to have a number of strategic former senior food industry executives as part of our investment group."

"We are extremely grateful to Brightline for helping us reach this turning point in our Company's history," stated Z Trim Holdings President, Steve Cohen. "For the first time, we believe we have sufficient working capital to fund operations, reach our production and sales goals, expand our customer base and product lines, and increase shareholder value. We feel confident that this funding will further solidify the confidence of food manufacturers in our ability to supply them with Z Trim multifunctional ingredients for years to come."

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