EXHIBITS - 99.1 NEWS RELEASE, DATED NOVEMBER 6, 2002.

         Advanced Nutraceuticals, Inc. Expects Profit in Current Quarter

Denver,  CO, November 6, 2002 - Advanced  Nutraceuticals,  Inc. (NASDAQ:  ANII),
announced  today  that it expects  to record a profit  for the  current  quarter
ending  December 31, 2002,  which is the first quarter of fiscal 2003. ANII is a
holding company with two operating  subsidiaries,  Bactolac  Pharmaceutical Inc.
(Bactolac) and ANI Pharmaceuticals,  Inc. (ANIP). Bactolac has been consistently
profitable.  ANIP,  which had been losing  money,  has  recently  experienced  a
substantial improvement in its bookings. Other recent highlights include:

o    Bactolac,  operating in the vitamin and  nutraceutical  segment,  continues
     record of  increases  in sales and profits  since 1995.  Fiscal 2002 EBITDA
     estimated to be $2.5 million.

o    ANIP, operating in the O-T-C pharmaceutical segment, has increased revenues
     to a  current  annualized  rate of over $12  million,  resulting  in recent
     breakeven performance and positive cash flow.

o    Sales backlog at ANIP at record levels.

o    ANII receives regular  quarterly  payment of approximately  $180,000 on the
     $5.0  million  note  receivable  from  the  June  2001  sale of its  former
     subsidiary, Nutrition For Life International, Inc.

o    During September 2002, certain Board members and their affiliates converted
     over $1.5 million of current notes payable into ANII common stock.

o    ANII in discussions  with new potential  lenders to refinance  notes coming
     due November 2002.


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,  problems  in
collecting receivables, and difficulties in obtaining quickly new debt financing
with reasonable terms. 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.