There were a number of stocks that recorded notable gains yesterday, and one of those was the Promino Nutritional Sciences Inc. (CSE: MUSL) (OTC: MUSLF) stock. The rally in the stock came about after a significant new announcement from the company. Here’s a closer look at it.
New Product Orders
On Tuesday, the company revealed that it had received initial product orders for Promino and Rejuvenate from Vigor Nation for distribution across the Caribbean region. It was a significant new development for Promino Nutritional Sciences since, due to the order, the products would reach potentially millions of active consumers of nutritional supplements.
Letter of Intent
However, that was not all. In the same news release, the company announced that it had inked a letter of intent with the firm Altanzaan LLC, among the biggest sports nutrition distributors in Mongolia. Promino Nutritional Sciences noted that the agreement would aim to make Promino and Rejuvenate available to millions of potential customers in Mongolia.
Continued Growth
The two international distributors for its products further added to the international distribution footprint of Promino Nutritional Sciences. The company already had a distribution agreement in place with netrition.com. The new partners had also indicated to Promino Nutritional Sciences that the clinical results obtained recently with regards to the products were a key driver behind the deals.
CEO Quote
“Our latest clinical study confirming RejuvenateTM’s patented amino acid blend is the most efficient and pure alternative to whey protein is driving international demand,” says Vito Sanzone, CEO. “We are David taking on the Goliath in the USD $11 billion whey protein market.”
+/- EMA(20) | 0.0376 (+6.38%) |
+/- SMA(50) | 0.0445 (-10.11%) |
+/- SMA(200) | 0.1171 (-65.84%) |
5-Day Perf. | +30.72% |
1-Month Perf. | -11.31% |
3-Month Perf. | -45.95% |
6-Month Perf. | -78.95% |
YTD Perf. | -66.24% |
1-Year Perf. | -59.6% |
RSI(14) | 50.66 |
ATR(14) | 0.01 |
ADX(14) | 20.14 |