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September 1, 2001
By: Sean Moloughney
Advanced Nutraceuticals, Houston, TX, has completed the sale of its network marketing subsidiary, Nutrition For Life International, to Everest Group Holdings. At closing the company received $3.2 million in cash and a $5 million note payable by NFLI based on a 10 year authorization with quarterly payments for three years and a final balloon payment in June 2004.
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