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Millennium Biotechnologies, Inc.' Largest Senior Secured Creditor Agrees to Subordinate and Restructure $3,400,000 of Senior Secured Debt


3/9/2009 10:24:17 AM

BASKING RIDGE, N.J., March 4, 2009 (GLOBE NEWSWIRE) -- Millennium Biotechnologies, Inc. a wholly owned subsidiary of Millennium Biotechnologies Group, Inc. (OTCBB:MBTG), a leader in the development, manufacturing and sales of targeted nutritional products in the Clinical and Sports Nutrition Markets, announced today that, its largest secured creditor, agreed to subordinating $3,400,000 of Senior Secured Debt upon the receipt of new financing.

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