I have to admit it's getting better. The fundamentals, I'm talking about. In the report to stockholders, under management discussion, the company makes some good points. One, even though the year ended prior to the product being in Tug Hill stores, net loss was down 16%; and this despite the costs of the SuperCharge rollout, including the cost of warehouses in New York and New Jersey. Debt is low, and the shipments to the NE could by themselves nearly erase the deficit once they are going full-blast.
Sales of bottled water declined as they focused on the nutraceuticals, which is fine with me; the water sales have been losing money for so long now, I'm hoping they'll get rid of it.
The nutraceutical side of the company is doing very well, with distribution to the 39 Wal-mart's continuing, and the new placement in Super K-mart stores, plus shipments to Taiwan, and the Middle East. In addition, they signed a contract with Tug Hill Water Company for distribution in the NE, and now have a contract with Rica to distribute to China. In the Middle East, a health food chain is seeking an exclusive contract. They point out that their strategy is succeeding.
They will launch several new nutraceutical beverages once SuperCharge is established. "It is our goal to be at the leading edge of these new beverage markets and become the market leader in these categories" they state. |
