Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

BLIS Technologies Ltd reveals major US retailer

For Immediate Release

16 October 2009


BLIS Technologies Ltd reveals major US retailer

Dunedin based BLIS Technologies Ltd (NZX: BLT), developers and manufacturers of products and ingredients for the oral healthcare market, is able to confirm to shareholders, the identity of the major US based retailer undertaking a 50-store commercial trial of the BLIS K12 probiotic. This novel probiotic ingredient is used in retail products for the management and prevention of certain upper respiratory tract infections such as “strep” sore throats and tonsillitis, etc.

The US based company is Costco Wholesale Corporation (Costco), which is considered the largest retail membership warehouse club chain in the world and is the fifth largest general retailer in the United States. This product is currently being sold through the giant US retailer under the brand called BioGuard™ and was developed for the US market by the publicly-listed dietary supplement manufacturer, Imagenetix Inc. to provide around the clock natural protection of the ear, nose and throat, the gateway to many illnesses. According to Imagenetix the BLIS K12, in their BioGuard™ product was selected as the key active ingredient for their product, because it met their high standards for both scientific support and credibility as well as being a truly novel ingredient.

The BioGuard product will be sold in the dietary supplement section of Costco and is granted the status of FSA (Flexible spending account) eligible by the US IRS (Internal Revenue Service). The FSA plan was set up by the US Government to enable US employers to provide a tax deductable and discretionary spending account for their employees to then purchase specific health care products and services of their own choosing.

Dr Barry Richardson, Chief Executive Officer, said, ``This is further evidence that the market strategy of focusing on the US dietary supplement market is working well for us. We chose to leverage our experience and knowledge from the New Zealand retail market over the past 5 years to assist our client companies in the United States to succeed in bringing new retail products to market. BLIS Technologies Ltd has become the recognized expert in the oral healthcare segment of the dietary supplements market.’’

In addition to the Costco announcement, Dr Richardson also indicates that US dietary supplement manufacturer, Nature’s Plus has now successfully launched it’s first BLIS M18 product called `Tooth Fairy’. The active ingredient in this product; BLIS M18 is an advanced oral-care probiotic, which was specifically developed for the prevention of tooth decay. The Tooth Fairy product from Nature’s Plus is targeted at the children’s oral-care segment and was launched in the US, to coincide with the start of the new school year in early September. Dr Richardson also reaffirms the guidance he gave to shareholders at the annual general meeting on 31 July 2009 that there would be 6 new retail products launched in the United States before the end of the financial year, 31st March 2010, which will contain either the BLIS K12 or BLIS M18 advanced probiotics.

The company also advises that they remain on track with their US regulatory approval with the US Food and Drug Administration (FDA) to have the probiotic BLIS K12 affirmed as an allowable ingredient for food in the United States. The GRAS (Generally Recognised As Safe) process is a requirement for the inclusion into a food product in the United States but is not required for the US dietary supplement industry. In addition to regulatory progress in the United States, the company is well advanced in the regulatory approvals with Health Canada. Once approved, it will enable the inclusion of BLIS K12 as an approved ingredient in the Canadian dietary supplement or NHP market. This process is expected to be completed before Dec 2009.

BLIS Technologies and its global distribution partner Frutarom, continue to progress business development activities in Asia and indicated the launch of first retail product in Japan to contain the BLIS K12. The product called EPOCA is sold through the Japanese health products distributor, ISK Corporation.

Finally, Dr Richardson advises that two new Notices of Intention to grant a patent have been received by the company. Both notices are from the European Patent Office (EPO) and one relates to the BLIS M18 probiotic and the associated prevention of tooth decay, while the other notice relates to a probiotic that is still at a very early stage of development but has been shown to have promising antibacterial effects on skin.

BLIS Technologies Ltd will be releasing its half yearly earnings for the period ending 30 Sept 2009 in late November.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: