Natural Health Trends Corp. Granted Partial Dismissal of Claims
DALLAS, TX -- (MARKET WIRE) -- 02/15/08 -- Natural Health Trends Corp. (NASDAQ: BHIP), an international direct-selling company, announced that a court had granted its motion to dismiss certain fraud and contract claims asserted by the bankruptcy trustee of a former distributor, John Loghry. In granting the motion, the court agreed that the dismissed claims had been filed too late to be heard. For similar reasons, the Court also dismissed all claims made in the same lawsuit against former officers and directors of the Company. Although one contract claim asserted against the Company in the lawsuit has not been dismissed and is now awaiting trial on an undetermined date, the Company continues to deny that this claim has any merit and intends to continue vigorously contesting it.
"We are certainly pleased that our motion was granted," said Chris Sharng, President of Natural Health Trends Corp. "With the most potentially damaging claims out of the way, we can focus our defense on the remaining contract claim and continue our emphasis on managing the operation of our business," added Mr. Sharng.
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling and e-commerce company operating through its subsidiaries in Asia, North America, Europe and Latin America. The company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the company's website, and management encourages interested parties to register for updated corporate information via email on the company's home page, www.naturalhealthtrendscorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption "Risk Factors" in our Registration Statement on Form S-3 filed with the Securities and Exchange Commission on February 6, 2008. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Contact: Chris Sharng President Natural Health Trends Corp. (972) 241-4080
Released February 15, 2008