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Biotech / Medical : RXSD Rexall Sundown

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To: john q who wrote (51)8/5/1998 10:45:00 AM
From: Dorine Essey   of 327
 
John, News just out:

Rexall Sundown Reports That Business Remains Strong Company Expects To Report Record Fiscal Year

August 5, 1998 10:34 AM

BOCA RATON, Fla., Aug. 5 /PRNewswire/ -- Rexall Sundown, Inc. RXSD today announced that the company remains confident regarding its outlook for the fiscal year ending August 31, 1998.

Rexall Sundown's Chief Executive Officer, Chris Nast, said, "Based on the information available to date, we remain on track to deliver record revenues and record earnings for the fiscal year to finish what has been a banner year for our company."

Mr. Nast continued, "Thus far, our year-over-year growth has outpaced that of the industry, establishing Rexall Sundown as the leader in the category. Industry trends remain positive and our products continue to be well received by consumers and retailers alike reinforcing our confidence in the future."

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