Exhibit 99.1 Advanced Nutraceuticals, Inc. Decides Against Reverse Split Denver, CO, March 26, 2004 - Advanced Nutraceuticals, Inc. (OTCBB: ANII), announced today that its Board of Directors has determined to cancel the Company's previously announced plan to seek shareholder approval in the spring of 2004 to effect a reverse split of the Company's common stock. For additional information contact: Jeff McGonegal (303) 475-3786 (Email: jmcgonegal@anii.cc) or Gregory Pusey (303) 722-4008 (Email: gpusey@anii.cc) - -------------------------------------------------------------------------------- This press release includes "forward looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors ANII believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of ANII. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including adverse changes in market conditions, fluctuations in sales volumes and problems in collecting receivables. Furthermore, ANII does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.