eFoodSafety.com (EFSF) is a developer of nutraceutical products to help improve an array of health conditions for consumers. Nutraceutical products are defined by their combination of natural foods and supplements and the market for such products is estimated to reach $845 billion by 2015.
eFoodSafety’s products focus on wellness issues including lowered cholesterol, boosted metabolism, acne prevention and scarring reduction. The company’s Cinnergen product, which is used to provide nutrients to metabolize blood sugar, is currently available in major retailers such as GNC, Rite Aid and Vitamin Shoppe.
The Arizona-based company’s Cinnechol product is used to naturally treat cholesterol problems and competes in a $20-billion market. eFoodSafety is also working on products to treat skin problems, including acne, and staph infections and viruses. The company’s popular Boost Bar is used by health-conscious consumers to boost their immune systems. In June, the company said its OraPhyt product, which is used to kill bacteria, fungi and mold in food, received patent approval from the U.S. Patent and Trademark Office.
The company also makes products to combat bacterial diseases and infections, as well as the tick-borne infection called Lyme disease, and appears well-positioned to continue bolstering its product offerings. eFoodSafety has about $1.51 million in total cash and slashed its fiscal 2007 loss to $3.6 million from $9.4 million in fiscal 2006. The company also carries no long-term debt at the moment. With a market cap of almost $12.5 million, eFoodSafety shares trade around 7 cents each with an average daily volume of about 261,000 for the last three months.
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