To: Steven G. Trapp & Company who wrote (318 ) 8/14/1998 8:12:00 PM From: Gator Read Replies (1) | Respond to of 331
This will be a Winner - PHLB, CNBC likes all US Pharmaceuticals, and this one has an edge :> The price was down today, a great opportunity (IMHO): >> Thursday June 18, 1:00 pm Eastern Time Company Press Release Pharmaceutical Laboratories Inc. Announces 200 Percent Increase in Sales From January to April 1998 ARLINGTON, Texas--(BUSINESS WIRE)--June 18, 1998--Pharmaceutical Laboratories Inc. (OTCBB:PHLB - news) is a Texas-based company with offices in Arlington, Corpus Christi and Harlingen, Texas, which specializes in the development, manufacturing and marketing of liquid and liquid sublingual vitamins, minerals, herbal and aloe vera products. The Company markets its products under its own ''Liquid Solutions'' brand name. These can be found in major chain drug stores, independent pharmacies and health food stores on a national basis. Many products are also marketed through private label and mail order. Pharmaceutical Laboratories Inc. announces record growth in sales and profit. -0- Jan. Feb. Mar. Apr. Gross Sales 175,417 458,336 742,077 632,379 Net Sales 164,990 445,828 679,614 573,655 Net Profit (Loss) (89,896) 86,760 131,519 101,693 Total % of Sales Gross Sales 2,008,209 100.00% Net Sales 1,864,087 92.82% Net Profit (Loss) 230,076 11.46% ''We are pleased with the Company's sales and profit to date,'' stated President and CEO Jerry McClure, ''especially considering that the Company spent the end of 1997 and the beginning of 1998 gearing up the 'Liquid Solutions' product line for shipments that seriously began in February. This of course lessened the profit for the month of January, but has paved the way for continued growth and profit.'' McClure additionally stated that he expects sales and earnings to improve in the third and fourth quarters of 1998 due to the addition of 15 new sales and service representatives who will be concentrating on new markets. Pharmaceutical Laboratories Inc. is listed on the (OTC Bulletin Board) with the symbol PHLB. Contact: Pharmaceutical Laboratories Inc., Corpus Christi George E. Baucom, 800/856-7040 >> Later...Gator