Skinny Nutritional Corporation(OTCBB:SKNY.OB) today announced it has received a commitment from United Capital Fundingto support the company’s nationwide growth, and expansion into new retail outlets and distributors. This agreement provides Skinny Nutritional Corp. with the capital to build inventory and finance purchase orders from customers, generating cash flow to the company.
"With this financing commitment, we believe we can support the growth of the company without the need to raise additional equity capital," says Don McDonald, President and CEO of Skinny Nutritional Corp. "We now have the ability to sign new retailers and distributors, add stores, build inventory, generate cash flow, and focus on the business, knowing we have the capital to drive our success."
Ivan Baker, Chief Financial Officer of United Capital Funding Corp., says, "Skinny’s exciting new business in the booming beverage industry is precisely the type of opportunity that United Capital Funding seeks on a daily basis. We believe that the Skinny team has created a powerful niche in the beverage market with the first appetite suppressing water, and their nationwide distribution agreement with Target provides a sound basis for continued growth. We look forward to working with them to support their growth objectives."
Skinny Nutritional Corp. is the exclusive worldwide distributor of Skinny Water®, a flavored fitness water and appetite suppressant. Skinny Water®is the first flavored water in the market that contains two key ingredients, Super CitriMax®and ChromeMate®, which have been clinically proven to aid in weight loss.
Each 16.9 oz. bottle of Skinny Water provides 15 percent of the U.S. Recommended Daily Intake of calcium, and 9 percent of the U.S. Recommended Daily Intake of potassium. Skinny Water also has no calories, no carbohydrates, and no sugar. Dieters who drink three Skinny Water bottles daily, about 30 to 60 minutes before each meal, will feel fuller and eat less as a result. All Skinny Water flavors are now available in six-packs for $5.99 each or $1.49 per 16.9 oz bottle.
Skinny Water is available at more than 1100 Target stores in the U.S. For more information about Skinny Nutritional Corp. or Skinny Water, or for samples, visit www.SkinnyWater.com, or contact Jackie Zima at 610-642-8253, ext. 138, 215-534-2973 (mobile), or Jackie@GregoryFCA.com
ABOUT SKINNY NUTRITIONAL CORP.
Skinny Nutritional develops, acquires, and distributes lifestyle and consumer beverages that capitalize on emerging trends in the health and wellness industry. Headquartered in Bala Cynwyd, Pa., the company is the exclusive worldwide distributor of Skinny Water®, a flavored fitness water and appetite suppressant. Skinny Water®is the first flavored water in the market that contains two key ingredients, Super CitriMax®and ChromeMate®, which have been clinically proven to aid in weight loss. Skinny Nutritional will also be launching Skinny Tea®, Skinny Shakes®, and other Skinny branded beverages. For more information, visit www.SkinnyWater.com.
ABOUT UNITED CAPITAL FUNDING CORP.
United Capital Funding Corp. is a recognized national leader in the Working Capital, factoring and Accounts Receivables Management industry. Privately held and managed, it was honored as the Small Business of the Year, based on seven criteria established by the United States Small Business Administration [SBA]. The firm was the only business financial services firm selected, and clients of United Capital Funding Corp. now currently located in 34 states include manufacturing, distribution, service, staffing, retail and technology sectors firms. Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at www.ucfunding.com; via email at firstname.lastname@example.org; and by telephone (877) 894-8232.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the Company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements, which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.