4Health, Inc. Releases Second Quarter 1997 Financial Results.BOULDER Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). , Colo.--(BW HealthWire)--Aug. 6, 1997--4Health, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HHHH) today released results for its second quarter ended June June: see month. 30, 1997. Estimated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the second quarter ended June 30, 1997 were $3,424,000, as compared to $8,007,000 for the same period in 1996 (which included a large sale to one customer of approximately of $5,000,000 in June of 1996.) The Company announced that losses for the second quarter were ($995,000) or ($0.087) per share, as compared to income of $100,000 or $0.012 per share for the second quarter 1996. "The Company continued to keep normal expenses down during the second quarter of 1997. As compared to the first quarter 1997, we continued to reduce spending and we remain committed to controlling expenses throughout the year," said R. Lindsey Duncan Duncan, city (1990 pop. 21,732), seat of Stephens co., SW Okla., in an oil, farm, and cattle area; inc. 1892. There is an oil industry, and electronics, concrete, and apparel are manufactured. During the late 19th cent. , President and Chairman of the Board of 4Health, Inc. "Unfortunately, the Company continued to feel the effects of expenditures committed to in late 1996 and early 1997." "While we are disappointed in our loss in the second quarter, we are encouraged that we are making progress at getting our expenses in line and in growing sales of our Nature's Secret(R) brand," said Duncan. "I believe 4Health, Inc. is in the position to grow sales in the coming months especially with the introduction of new products and increased penetration of our current products, including the number one selling internal cleanse cleanse tr.v. cleansed, cleans·ing, cleans·es To free from dirt, defilement, or guilt; purge or clean. [Middle English clensen, from Old English program in the US, Nature's Secret Ultimate Cleanse(R)." 4Health, Inc. is a leading formulator and supplier of herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . The Company offers three brand lines under which its formulations are sold: Nature's Secret(R), available in health food stores nationwide; Harmony Formulas(R), sold through healthcare practitioners; and 4Health(TM), marketed to the food, drug and mass retail channel. Disclosure Regarding Forward-Looking Information This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. (the "Exchange Act"). All statements other than statements of historical facts included in this press release, including, without limitation, those regarding the Company's financial position, business strategy, budgets, projected financial results, and plans and objectives of management for future operations, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. -0-
4Health Inc.
Estimated Statement of Income:
Three Months Ended June 30,
(Estimated)
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1997 1996
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Net Sales $ 3,424,000 $ 8,007,000
Gross Profit 1,592,000 4,769,000
Net Income (Loss) Before Taxes (995,000) 13,000
Net Income (Loss) (995,000) 100,000
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Earning (Loss) Per Common Share (0.087) 0.012
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Weighted Average Shares 11,388,326 8,633,825
Outstanding
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Estimated Balance Sheet Data:
June 30, 1997
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Cash $ 319,000
Total Assets 8,645,000
Long Term Debt 1,313,000
Stockholder's Equity 5,157,000
Working Capital 2,094,000
CONTACT: 4Health, Inc. Pika pika (pī`kə), short-haired mammal related to rabbits and hares, also called mouse hare and rock rabbit. Pikas live above the timber line in the mountains of N Asia and W North America. Fisher, 303-546-6306 ex. 4143 |
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