Mr. Vito Sanzone reports

PROMINO NUTRITIONAL SCIENCES INC. PROVIDES SHAREHOLDER PROGRESS REPORT

Promino Nutritional Sciences Inc. has presented a progress report highlighting the company's major milestones and developments achieved in the second half of 2024.

Promino chief executive officer Vito Sanzone said: "This period has been a transformational one for Promino as we have made significant strides expanding our product offering, establishing a global presence and enhancing our operational infrastructure. These achievements have resulted in recording revenue for six consecutive months for the first time since 2022 and position us for continued growth and commercialization success in the coming year. We enter 2025 positioned to succeed in our key markets, especially with the marketing of our brands for lean muscle support for consumers using GLP-1 drugs for weight loss."

Strategic milestones and key developments:

1. Activation of direct-to-consumer (DTC) sites: On July 9, 2024, Promino activated its Rejuvenate Muscle Health and Promino DTC platforms, marking a pivotal shift toward capturing consumer demand directly through Shopify's e-commerce platform. This strategic move allows the company to engage with customers in both the United States and Canada, establishing a direct revenue stream that is expected to become a meaningful contributor to overall sales by late 2024 and beyond.
2. Product availability and expansion in retail: Following the June 24, 2024, announcement of receiving 65,000 new units of product, the company ensured its U.S. and Canadian warehouses were fully stocked to meet growing demand. The distribution of the company's products into prominent e-commerce platforms and retail stores included:
   • Vitacost partnership: On Aug. 12, 2024, both the Promino and Rejuvenate Muscle Activator products were featured on Vitacost.com, a leading e-commerce retailer owned by The Kroger Co. With millions of global shoppers visiting the site annually, this partnership provides increased exposure to an expansive customer base.
   • Jean Coutu distribution: On Aug. 21, 2024, the Rejuvenate Muscle Activator drink mix, available in Raspberry Burst and Citrus Blast, was shipped to nearly 300 Jean Coutu stores across Canada, expanding the company's presence in Quebec, New Brunswick and Ontario.
   • iHerb listing: On Aug. 26, 2024, the Promino and Rejuvenate Muscle Activator brands were officially listed on iHerb, an e-commerce platform that serves over 10.5 million active customers across more than 180 countries, further expanding the company's global reach.
3. International expansion and patented innovations: In September, 2024, Promino secured international exclusivity for the use of its patented amino acid blend in the ready-to-drink (RTD) marketplace, positioning the company for expansion into this fast-growing sector. Additionally, the company completed research and development for the RTD versions of both Rejuvenate Muscle Activator and Promino, with plans to launch one or both products in 2025. The company is also exploring new product lines targeting the health care and practitioner markets, utilizing its proprietary blend to address a wide range of nutritional needs.
4. Scientific advancements and expert advisory team: Promino continues to strengthen its scientific and medical expertise:
   • Dr. Mark Lindsay joined the company as an adviser on March 27, 2024. A world-renowned chiropractor and soft tissue specialist, Dr. Lindsay's expertise is invaluable as we expand into the sports and fitness markets.
   • Dr. Patrick Gunning was appointed as a special adviser on May 8, 2024. Dr. Gunning, a leading medicinal chemist, has initiated preclinical studies on Promino and its potential to mitigate muscle loss in cancer patients undergoing chemotherapy. His involvement underscores Promino's commitment to advancing health solutions for a broad spectrum of consumers.
   • New patent research: The company announced on Sept. 9, 2024, the latest clinical study on its core licensed IP (intellectual property) that equates one 3.6-gram serving of Rejuvenate with the muscle-building power of 40 grams of whey protein isolate.

Financial and market outlook

Promino's performance has been buoyed by robust product placements, strategic partnerships and an expanding global market. With a strengthened DTC infrastructure and growing retailer partnerships, the company is poised for continued revenue growth in late 2024 and into 2025. The coming launch of RTD products, along with exploration into new market segments will enhance the company's ability to capture greater market share across the global nutritional and wellness industry.

Conclusion

Promino is on a strong growth trajectory, underpinned by strategic product innovations, key retail partnerships and a world-class advisory team. The company's dedication to delivering premium nutritional solutions that address diverse health needs is driving momentum in the marketplace. As Promino moves into 2025, the company is excited by the opportunities ahead and is confident that the foundation it has built will enable Promino to continue delivering value for the company's shareholders.

About Nutritional Sciences Inc.

Promino is an innovative and research-driven Canadian nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate, is a patented proprietary formulation that is clinically proven to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Promino also offers Promino, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ont.

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