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Advanced Nutraceuticals Closes Sale Of NFLI

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By: Sean Moloughney

Editor, Nutraceuticals World

Advanced Nutraceuticals, Houston, TX, has completed the sale of its network marketing subsidiary, Nutrition For Life International, to Everest Group Holdings. At closing the company received $3.2 million in cash and a $5 million note payable by NFLI based on a 10 year authorization with quarterly payments for three years and a final balloon payment in June 2004.

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