NHTC - Viagra for Women?? 444% Revenue increase for the quarter!
Very interesting...
DALLAS--(BUSINESS WIRE)--Aug. 16, 2001--
Subsidiary, Lexxus International, Expected to Contribute Approximately $10 Million in Revenues from First Six Months of Operation
Natural Health Trends Corp. (OTCBB:NHTC) announced today that it plans to report record revenues when it files its 10Q with the Securities and Exchange Commission. The Company, which anticipates reporting net revenues over $13M for the first six months ended June 30, 2001, compared to $5M the same period last year, attributes much of its success to their majority owned subsidiary, Lexxus International, Inc.
The Company will report second quarter revenues of $9.8 million for the period ending June 30, 2001 compared to $1.8 million in revenues for the same period the previous year. The Company also announced that they have consolidated 6,000 shares of preferred convertible stock to approximately 2,000 shares.
"We are pleased to announce the improved revenues for the first six months of 2001 and believe the increase in revenue figures support our business model of acquiring and starting network marketing companies as our industry enters consolidation and reinforces our commitment to building and retaining a premiere distributor network and providing a long term income opportunity for our distributors," said Mark Woodburn, President of Natural Health Trends.
When asked in an interview last Thursday (Aug. 9, 2001) if the company would be requiring any additional funding in the next twelve months, Mr. Woodburn told The Wall Street Network, "The Company is generating cash flows sufficient to cover operating expenses and show a nice profit. We are using that profit to expand in our existing markets and to open new markets world wide," (You can hear the complete Wall Street Network interview on NHTC's investor relations website, www.invrel.net/clients/nhtc). "As we expand into additional global markets, the Company would only seek to raise additional funding should we come across an acquisition or merger that would not detract from the Company's current business model," he concluded.
About Natural Health Trends Corp.
Natural Health Trends Corporation is a holding company for two operating subsidiaries, ekaire.com, Inc., which sells nutritional supplements and vitamins and Lexxus International, Inc. Lexxus, started in January 2001, markets and sells the revolutionary new product, Viacreme(TM). Viacreme(TM), with patent pending, developed by a leading Gynecologist, contains the essential active ingredients to promote clitoral sensitivity and improve the opportunity for women to achieve greater sexual satisfaction. Lexxus International has earned an estimated $10 million in revenues in just its first six months of operation. The product, Viacreme(R), has received considerable amount of positive exposure, including, appearances on Good Morning Canada, FOX News and EXTRA, a leading television news magazine program. The product was also mentioned as a potential solution for women's sexual dysfunction in Oprah Winfrey's popular women's magazine "O" (May 2001).
When used in Form 10-QSB and in future filings by the Company with the Securities and Exchange Commission, the words "will likely result", "the Company expects", "will continue", "is anticipated", "estimated", "projected", "outlook" or similar expressions are intended to identify "forward- looking statements" within the meaning of the Private Securities Litigation Act of 1995. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, each of which speak only as of the date made. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. The Company has no obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements.
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CONTACT: Natural Health Trends Corp., Dallas
Mark Woodburn, 972/819-2035 or Investor Relations Services, Inc., New Smyrna Beach, Fla. |
