Bactolac Pharmaceutical, Inc. – ‘8-K’ for 8/19/98 – EX-99.1

As of:  Friday, 8/21/98   ·   For:  8/19/98   ·   Accession #:  927356-98-1435   ·   File #:  0-26362

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3      9K 
 2: EX-10.23    Agreement Among Registrant & Corp.                     1      6K 
 3: EX-99.1     Press Release                                          2±     8K 

EX-99.1   —   Press Release

EX-99.1
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                                                                    EXHIBIT 99.1

On August 20, 1998 the Registrant issued the following press release:           

"NUTRITION FOR LIFE INTERNATIONAL, INC. 
ANNOUNCES TERMINATION OF KEY DISTRIBUTOR
----------------------------------------

HOUSTON, Texas, August 20, 1998  Nutrition For Life International, Inc.         
(Nasdaq/NMS:NFLI) today announced its decision to end its business relationship 
with Kevin Trudeau, a key distributor, effective immediately.  The decision     
affects only Mr. Trudeau, and does not affect the status of any other           
distributor in the Company's network, including distributors in Mr. Trudeau's   
downline.                                                                       

NFLI has entered into an agreement with Mr. Trudeau in which Mr. Trudeau has
agreed that the Company has terminated his distributorship and the October 1997 
agreement between him and NFLI and that he will not contest these terminations. 
No further compensation will be paid by NFLI to Mr. Trudeau and Mr. Trudeau will
comply with his nine month non-competition provision in the October 1997        
agreement.  The Company and Mr. Trudeau have also agreed that the Company will  
purchase from Mr. Trudeau the approximately 80,000 shares of NFLI common stock  
and approximately 40,000 common stock purchase warrants owned by him based on   
the closing price of the NFLI stock on August 19, 1998.  It has also been agreed
that statements by either party regarding this matter will be limited.          

Nutrition For Life International, Inc. develops, markets and sells an       
extensive product line of nutritional supplements and other consumer products   
through its network of independent distributors.  Currently the Company markets 
its products in all 50 states, the District of Columbia, Canada, the United     
Kingdom, the Republic of Philippines, Guam, and Puerto Rico.                    

Contact:  David O. Rodrigue,                Melissa Cromwell,                   
Chief Financial Officer           Investor Relations        
Nutrition For Life                Nutrition For Life        
International, Inc.               International, Inc.     
(713) 460-1976                    (303) 814-0557            

------------------------------------------------------------------------------- 

This press release includes statements, other than historical fact, that may be 
deemed forward-looking.  Although management believes that the expectations     
reflected in such forward-looking statements are reasonable, it can give no     
assurance such expectations will prove to have been correct.  Important factors 
that could cause actual results to differ materially from the Company's         
expectations are disclosed in the Company's Securities and Exchange Commission  
filings and include the potential effects of regulatory scrutiny and legal      
proceedings, governmental regulation including interpretations of the FDA,      
product acceptance and competition, competition in the recruitment and retention
of distributors and risks related to expansion into foreign markets.            

### 

                                                                         NFL166"

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		8/21/98
		8/20/98
For Period End:		8/19/98		10-Q
				List all Filings