Exclusive Research & Development Agreement Ph.D. Rick Green Joins Advisory Board

BURNABY, BC / ACCESSWIRE / March 30, 2015 / Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or the “Company”) (TSX VENTURE: NSP) (OTCQB: NSPDF) ( 50N.F) is pleased to announce that it has signed a binding letter of agreement (“Agreement”) with POS BPC Manufacturing Corp., a wholly owned subsidiary of POS Bio-Sciences (POS), to provide research and development services (“Services”) to Naturally Splendid, on an exclusive basis for hemp based research, process and product development, from the date of this Agreement until September 1, 2017.

Under the terms of the Agreement, Naturally Splendid will invest a minimum of CAD $250,000 to retain POS to further develop the plant based omega technologies and products licensed from Full Spectrum Laboratories Limited, specifically targeting the omega oil industry. The technical and product development strategy will be finalized in April 2015 and final details will be provided at that time. All intellectual property and products developed by POS, in the course of providing the Services, will be solely owned by Naturally Splendid.

In addition, POS Vice President of Technology, Dr. Rick Green, has been appointed to the Naturally Splendid Advisory Board to provide technological expertise in the area of product development.
POS Bio-Science CEO Dale Kelly emphasizes, “The fact POS is agreeing to exclusivity is no small decision for a 40 year old R&D organization to offer. In addition, the fact we have agreed to have Dr. Green be a member of the Naturally Splendid Advisory Board is a solid vote of confidence that we have full faith in the new strategic alliance to create mutually profitable business opportunities. We have only ever exercised this same relationship with two other organizations in the history of POS”.

Naturally Splendid CEO Craig Goodwin states, “We are pleased to appoint Dr. Rick Green to the Naturally Splendid Advisory Board. Dr. Green will work closely with Naturally Splendid providing his extensive scientific expertise to create commercially viable ingredient and product opportunities in multiple commercial applications as requested by the Naturally Splendid’s Advisory Board”.

Dr. Rick Green

Dr. Green joined POS Bio-Sciences in 1989. As Vice President of Technology, his responsibilities include supervision of technical staff and oversight of Project Leader activity. Prior to joining the Senior Management Team in 2007, Dr. Green was a Senior Scientist at POS. His technical background includes process development in the area of extraction and purification of specialty oils, protein concentrates, protein isolates and polyphenol compounds. He has also developed numerous food and nutraceutical ingredients for POS clients. In addition to his work at POS, Dr. Green has held Food Scientist positions at food product development centers in Manitoba and Ontario, and the Alberta Honey Producers. He holds a Ph.D. in Food and Bioproduct Sciences from the University of Saskatchewan. Dr. Green is a member of the American Oil Chemists Society, Institute of Food Technology, and the Canadian Institute of Food Science and Technology.

POS Services

POS (www.pos.ca) will provide services and facilities to Naturally Splendid in the following multiple areas.

Research and Development
Laboratory Scale (up to 5 kg)

• -Bench scale processing and research; scale-up to commercial scale

  -Project analyses

  -Analytical services

Mini Pilot Plant Scale (5 kg to 100 kg)

• -Supercritical fluid extraction

  -Preparative scale chromatography

  -Laboratory and Pilot Plant scale services

  -Emulate industrial processes

Pilot Plant Scale (100 kg – multi-tonnes)

• -Extraction (Solvent and Non-solvent)

  -Desolventizing solids and liquids

  -Drying

  -Milling

  -Purification: Ultrafiltration, Crystallization, Solvent Partitioning

  -Fractionation: Centrifugation, Filtering/Screening, Winterization, Air Classification, Solvent Fractionation

  -Modification: Enzyme and Chemical Hydrogenation and Hydrolysis

Processing Capability

• -ISO 9001:2008 certification; NHP site licence; CFIA site licence; HACCP, GMP

  -6 GMP-compliant pilot plant processing areas

  -12,500 sq ft dedicated commercial processing facility

  -11 laboratories for support

  -Technical assistance along with a wide range of equipment options and processing expertise

  -Full-time specially trained operators, process engineers, technicians, QA/regulatory and scientists

  -Flexible production capacity

  -Logistics and materials management support

  -Guaranteed confidentiality

Product Development

Vice President of Operations Bryan Carson advises, “We have identified numerous potential revenue opportunities for our hemp-based products and technologies as well as omega driven products and technologies. Forming a strong relationship with POS gives us access to world class research & development team and highly accredited manufacturing facilities that multi-national companies demand of their suppliers”.

Mr. Carson adds, “For example, as identified earlier, beverages that appeal both to taste buds and offer healthy qualities continue to be the focus for many beverage processors. Emerging trends include the use of functional ingredients and beverages that serve multiple purposes with many overall health benefits and in many cases their nutrition is coming from vegetable and fruit sources. Our plant-based omega ingredients and technology are positioned to service this growing market and we are positioning ourselves to penetrate the functional beverage market incorporating the extensive expertise at POS”

Strategic Plan Moving Forward

Naturally Splendid CEO Craig Goodwin summarizes, “Naturally Splendid has now assembled a comprehensive and diverse team of industry expertise. Through POS, we have secured world-class research and development as well as a highly accredited processing facility. In the last month, Naturally Splendid has retained an experienced Board of Directors and an Advisory Board with significant reach into food and beverage boardrooms, globally. Our immediate goal is to have our Advisory Board work closely with POS to identify immediate market opportunities for products and technologies with the objective of penetrating multiple product categories including food, cosmeceuticals, pet applications and feed ingredients. For example, beverages are the largest US functional product sector, with sales growing by almost 10% year-on-year from 2011 to 2012 to hit $27.8 billion (Ref; What’s driving functional food and beverage growth? Snacking, convenience, and consumer behavior By Stephen DANIELLS, 20-Nov-2014). Globally, the functional beverage market is valued at $68 billion (Ref; Natasha D’Costa, Asian Food Journal, 26 August 2014). Our plans with an experienced team now in place, is to penetrate these markets.“

About Naturally Splendid Enterprises Ltd.

Naturally Splendid has an exclusive licensing agreement to market and distribute, the full complement of patent pending, plant-based omega products created by Boreal Technologies. The products include HempOmega(TM) and H2Omega(TM), as well as the AlgaeOmega(TM) FlaxOmega(TM), CanolaOmega(TM), and ChiaOmega(TM) plant based omega products. These novel products utilize microencapsulation and are available in both a powder format and an aqueous solution for increased flexibility in ingredient applications and stand-alone products. Additionally, the Company has licensed from FSL progressive cannabinoid extraction and formulation technologies including the world’s first water soluble cannabinoid patent.

Naturally Splendid’s 100% owned NATERA(TM) line of hemp-based superfood products are carried nationwide by Canada’s leading health food distributors and a network of retail stores across Canada including major retailers and specialty stores. Naturally Splendid’s recently rebranded “NATERA(TM)” line of products includes natural and flavored shelled hemp seeds as well as natural and flavored hemp protein powders.

About POS Bio-Sciences

POS Bio-Sciences offers expertise and service in bioprocessing applied research from bench-top to commercialization scale. POS’ focus is process development, analytical services, and custom processing as well as specializing in extraction, fractionation, modification and purification of biobased materials.

All POS Bio-Sciences processes are GMP-compliant and fully supported by quality assurance, commitment to regulatory compliance, and certification to international standards. POS’ also offers a suite of support services to assist clients and ensure that project outcomes meet their needs and expectations.

POS Bio-Sciences is a registered business name of POS Management Corp.

About Full Spectrum Labs Limited

Full Spectrum Laboratories, LTD. incorporated in Ireland, is a bioresearch and product development company with operating subsidiaries in Canada and the United States. The company has principally focused on the plant cannabis sativa and has developed numerous technologies and made several discoveries resulting in two granted patents and over 11 patent applications, in just under 5 years. FSL currently concentrates on formulation and extraction technologies; analytical cannabis testing in Canada; advance cannabis plant breeding specializing in CBD expression; and cannabinoid bio-synthesis.

For more information e-mail info@naturallysplendid.com or call 604-673-9573

On Behalf of the Board of Directors

J. Craig Goodwin

CEO, Director

Contact Information

Naturally Splendid Enterprises Ltd.

(NSP – TSX Venture; NSPDF – OTCQB; 50N.F)

2435 Beta Avenue
Burnaby, BC, V5C 5N1

Phone: (604) 570-0902

Fax: (604) 570-0934

E-mail: info@naturallysplendid.com

Website: www.naturallysplendid.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid’s control. There is no guarantee that the Company’s plans will be found to be commercially viable, POS will be successful in developing new plant based omega products; the costs to develop these products will not be higher than anticipated; the Company’s ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Naturally Splendid Enterprises Ltd.

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