Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (3465)	6/23/2003 8:33:02 AM
From: PuddleGlum	Read Replies (3) \| Respond to of 37387

Press Release Source: Innovative Companies, Inc. Innovative Reports Year of Record Sales and Profits Monday June 23, 7:55 am ET LARGO, Fla., June 23 /PRNewswire-FirstCall/ -- Innovative Companies, Inc. (Nasdaq: GORX - News) today announced record consolidated revenues and net income for the fiscal year ended March 31, 2003 increasing 64% to approximately $14,731,500 as compared to approximately $8,983,000 for fiscal year 2002. Current fiscal year operations resulted in net income available to common shareholders of approximately $1,030,000, or $0.15 per share, for the fiscal year ended 2003 as compared to a net loss of $(1,274,000) or $(0.18) per share for fiscal year 2002. "We are excited about this year's growth and operational results. Based on our plans, we are eagerly looking forward to fiscal year 2004 where we may continue to expand our manufacturing services offered surrounding generic drug repackaging and manufacturing in addition to introducing new branded products for distribution." stated Carol Dore-Falcone, Vice President and Chief Financial Officer, "We believe that this will please our current and future shareholders." Innovative Companies, Inc. manufactures, packages and distributes high quality, private label dietary supplements, over-the-counter drugs, and health and beauty care products for companies worldwide. Innovative's subsidiary, Breakthrough Engineered Nutrition, Inc., has its branded high protein, zero carbohydrate product line, Lean Protein and its branded energy drink line, Thermo ZXE. Through these product lines, the Company will continue to add a wide variety of high protein, zero and low carbohydrate products in addition to other energy products. For more about Innovative, go to our websites at www.onlineihp.com and www.leanprotein.com. <snip>