Nutrition 21, Inc. F4Q08 (Qtr. End 06/30/08) Earnings Call Transcript

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2008-09-09 11:58:16.0

Tags: Nutrition 21 Inc.

Question-and-Answer Session

Operator

Thank you. (Operator Instruction) Your first question comes from the line of Pete Enderlin of Titan Capital Management.

Pete Enderlin - Titan Capital Management

Thank you. Good morning.

Peter C. Mann

Good morning.

Pete Enderlin - Titan Capital Management

Chromium picolinate is one of your key products, and your competencies are very strong there. Can you just give us a general overview of big that market is and how fast it may grow? Also, is there some a potential for a general mandate through the healthcare system to increase the use of such products in light of the epidemic of diabetes that seems to be occurring in the country? Then, you can take the same approach to Omega-3, is there some a general government push or health system push that would really, strongly encourage the use of those two products?

Michael A. Zeher

This is Mike Zeher. In the chromium segment there is or has been, you go and look at the company's history, we have positioned chromium picolinate especially in the diabetes category. We continue to review and analyze that, and there are moves across the board, not only in the US but globally to get the word out.

We have starts and we have had some in the past, if you look at our history, some stalls in all of that. There is a general, to your point of question I think, indication towards consumers taking a greater involvement and responsibility in their own health, and we see that as an opportunity. We will continue to research the study the market to make sure that we are approaching the consumer and the healthcare professionals that are serving those consumers in a way that is appropriate.

Now, Omega-3 is the same thing. That has been linked to heart health and other therapeutic advantages and we will continue, through our research and our growth to build on that foundation of growth, both in the consumer markets and with healthcare professionals.

Pete Enderlin - Titan Capital Management

Can you give us some sense on how big each of those markets is?

Michael A. Zeher

I do not have those numbers in front of me. They are growing, we can?

Peter C. Mann

Pete, this is Peter Mann, the chromium picolinate market as a stand alone market, people taking chromium picolinate by itself is not a large market today, but it is growing. The important peace to keep in mind is that, chromium picolinate is the underpinning of many of the company’s patents, and those patents not only cover chromium picolinate by itself, but they cover chromium picolinate in combination with other ingredients.

 

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