New York, NY -- (ReleaseWire) -- 02/25/2013 --Nestl (OTC Pink: NSRGY) said in a statement late Monday that it withdrew some of its beef pasta ready meals from sale after tests conducted two days earlier detected horse DNA. Nestle said it increased its surveillance after reports emerged last month of mislabeled products being sold in Britain.
"Our tests have found traces of horse DNA in two products made from beef supplied by H.J. Schypke," Nestle said in a statement. "The levels found are above the one percent threshold the U.K.'s Food Safety Agency uses to indicate likely adulteration or gross negligence."
Nestlé S.A., together with its subsidiaries, provides nutrition, health, and wellness products worldwide.
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MoneyTV is the internationally syndicated television program all about money and what makes it happen, featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures.
Featured companies on this week's program include Growlife, Inc. (OTCQB: PHOT), where CEO Sterling Scott compared the current paradigm shift in marijuana laws and attitudes to that of the end of Prohibition.
MoneyTV Executive Producer and Anchor Donald Baillargeon is also the host of MoneyRap Radio, and the daily television program Global Financial News Minute with Donald Baillargeon.
Growlife, Inc., through its subsidiaries, manufactures and markets horticulture and lifestyle products in the United States and internationally.
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