NEWS: 10/4, 3:08 pm ET Torso Tiger Sets New Weekly Profit Record; Earnings Before Income Tax Exceed $200,000
BOSTON--(BUSINESS WIRE)--OCT. 4, 2000--Infotopia Inc. (OTCBB:IFTP - news) announced today that sales of the Torso Tiger for the week ending 10/1/2000 reached approximately $1,070,000. The Company further reported that it posted $205,000 in earnings before income tax (unaudited) on this week's sales of the Torso Tiger.
Ernest Zavoral, President of Infotopia, stated, ``We are very excited by these results. When launching an infomercial that allows people to make monthly payments there is a lot of work involved to get to a profitable state. Infotopia had to find ways of financing all of the receivables and inventory while the revenue stream caught up to us. We are reaching that point now and with no long-term debt we are able to realize profits immediately.''
Infotopia's management team has focused on making the Torso Tiger a strong success while using it to refine and perfect their methods for bringing products to market successfully. Mr. Zavoral summarized, ``The Torso Tiger continues to sell extremely well and is still one of the world's leading infomercials. The Torso Tiger II is showing strong promise in the retail sector with our first order of 27,000 units being announced two weeks ago. With so much riding on this first show, we are very thankful to everyone who participated in the success of the Torso Tiger and we look forward to bringing the public other `Tiger' products soon.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia is modeling its business after Direct Focus (NASDAQ:DFXI - news). Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at infotopia.com
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
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Contact:
Infotopia
Marek Lozowicki
508-884-9900 |
