MUNDELEIN, IL --(Marketwired - October 08, 2014) - Z Trim Holdings, Inc. ("ZTH") (OTCQB: ZTHO), an AgriTech company providing value-added ingredients to a variety of industries, today announced a 21.7% increase in 3rd quarter sales over the same period in 2013; placing it among the best quarters in Z Trim history.
The company reported that a wide variety of customers and applications contributed to these results, including manufacturers of such diverse finished products such as: frozen fish patties; healthy sauces and dressings; seasonings for prepared foods; pre-packaged taco meat; and coffee creamer.
"This is the strength of our technology," said VP of Sales and Applications, Lynda Carroll, "the unique moisture management capabilities of Z Trim ingredients can be used in a virtually limitless range of food manufacturing applications, as demonstrated by these results. I have every reason to believe that the diversity of our customer base will continue to expand."
"Whether we're extending product yield, increasing shelf life, reducing production costs or improving nutritional value, Z Trim is solving problems and delivering value for our customers," said Steve Cohen, Z Trim's CEO. "Food manufacturers never make the decision to change proven formulations lightly or without good reason." Cohen went on, "This process takes time, but our diligence is paying off and I'm confident that last quarter's results are just the tip of the iceberg."
ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is an AgriTech company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets. The Company's food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems. The Company's revolutionary technology provides value-added ingredients across virtually all food industry categories. The Company's all-natural products, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity -- all without degrading the taste and texture of the final food products. Perhaps most significantly, Z Trim's products can help extend finished products, and thereby increase its customers' gross margins. The Company's industrial division, opened in 2012, sells eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries. The Company's industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward−looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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