Hoodia Products International Reports Q1 Results, Net Revenues Increase 99% Quarter-Over-Quarter
Market Wire, May, 2007
Hoodia Products International Inc. (PINKSHEETS: HDIA), the California-based manufacturer of appetite suppression products made from the Hoodia gordonii plant, today announced revenue for the first quarter ended March 2007.
Management Analysis
For the quarter, sales totaled $25,425, a net increase of 99% over Q4-06 sales of $12,798. The sales increase was primarily driven through the hoodiaproducts.com website and other internet channels, and web sales accounted for 82.6% of the quarter's revenue. Management believes the increase in sales is due to continued aggressiveness in pricing; POWERSLIM was reduced from a price point of $54.95 to $39.99 during the first quarter, and will likely remain at this price for the foreseeable future. With many of our major competitors now retailing for 30-40% more, the company believes it may be successful in capturing additional first-time buyers who were otherwise unwilling to pay the original price.
Q1-07 Sales Breakdown January Web Sales: $7,407 January Call-In Sales: $2,439 February Web Sales: $6,686 February Call-In Sales: $1,160 March Web Sales: $6,877 March Call-In Sales: $865
New Products in Development
The company is currently in the late stages of development of two new products. Both of these products will retail for less than $5.00 and would offer Hoodia Products enhanced distribution capability because of their unique functionality and impulse-buying potential. Net margins for these products should each exceed 100%, priced competitively against any relevant peers. The company expects to make a formal announcement on these items no later than the end of Q3-2007.
Stock Issuances & Shares Outstanding
The company did not issue any stock in the first quarter. As of May 1, 2007, the company has 169,931,230 shares outstanding, with approximately 148,850,362 of those shares restricted and held by management or affiliates. The company transfer agent is Interstate Transfer Company and can be reached at (801) 281-9746.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact: Hoodia Products International Inc., Dublin Jacob V.O. Mullins 415-676-1925
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- CORRECTION FROM SOURCE/Media Advisory: Fallen Canadian Soldiers and Journalist Return Home
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions



