News is out>>>Profit .02 / Q1 26 Million Revs PE=4.6
This one will move up on valuations and rev projections
infotopia.tv
BOSTON--(BUSINESS WIRE)--April 6, 2001--Infotopia, Inc. (OTCBB: IFTP - news),
a direct response marketing and consumer product company, today announced its results
for the first quarter ended March 31, 2001. Infotopia, Inc. reported gross sales of $26.2
million, an increase of 3015% from $871,268, for the first quarter of fiscal 2000.
Net income for the first quarter of 2001 was $3.4 million or $0.02 per diluted share, up
$4,934,633 from a loss of ($1,534,000) or ($0.10) loss per diluted share for the first
quarter of fiscal 2000.
Daniel Hoyng, Chairman and Chief Executive Officer, stated, ``We are very pleased
with our record sales and profits for the first quarter of fiscal 2001. Despite a slowing
economic environment, we continue to see sustained sales growth across our product
lines Body by Jake, Bun & Thigh Rocker, Total Tiger, and Medicus Dual 2000 as we
leverage our strategic alliances and powerful brand names. We are very pleased with the
continued growth of our e-Commerce sales, which has proven to be a strong
complement to our television infomercials.
Sales of our Total Tiger and Medicus Dual 2000 are just beginning and the Body by
Jake; Bun & Thigh Rocker has not yet peaked with retail launch scheduled for later this
fiscal year. Infotopia, Inc. has demonstrated our ability to launch new products through
our successful strategic alliances and has many additional products to launch for the
balance of fiscal 2001. We are very excited about our growth opportunities in 2001 and
beyond.``
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 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.tv.
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.
Contact:
Infotopia, Inc.
Robert Tilton, 609-888-4111 |
